If we, the American taxpayers, now own majority holdings in GM and Chrysler, then I have a solution. There are dealers across the nation that have already paid their cost to get stock. Many of these dealers are going broke and being forced out of business. On the other hand, the increase in corn ethanol is making many of us with older paid off cars wary because of the many stories about how ethanol is killing off old cars. We the taxpayers “own” these companies. But we can’t afford to buy our own products. So instead of sinking billions more in GM and Chrysler, how about the feds give the money in the form of a gift card to the amount of maybe $10K toward the price of a new car. This avoids the taxpayers having to pay twice. This makes it where the dealers closing can at least get rid of their stock and pay of their creditors. And it makes it where the taxpayers get something back for a change.
