Michigan native/resident Michael Moore offers his $.02 on the Big Three and their proper fate…
I care about what happens with the Big 3 because they are more responsible than almost anyone for the destruction of our fragile atmosphere and the daily melting of our polar ice caps.
Congress must save the industrial infrastructure that these companies control and the jobs they create. And it must save the world from the internal combustion engine. This great, vast manufacturing network can redeem itself by building mass transit and electric/hybrid cars, and the kind of transportation we need for the 21st century.
And Congress must do all this by NOT giving GM, Ford and Chrysler the $34 billion they are asking for in "loans" (a few days ago they only wanted $25 billion; that's how stupid they are -- they don't even know how much they really need to make this month's payroll…
His government solution? Force the companies to 1) only build vehicles/trains/subways not primarily dependent on oil; 2) buy all common shares of the companies for $3 billion; and 3) let "smart transportation geniuses" in the government run the companies well (see #1). Sounded like a plan until #3.
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Jeremy Gantz is an In These Times contributing editor working at Time magazine.
