News Flash. “Barney Frank Takes Over the Reins of GM.” Why not? He did a great job with the housing market. He would probably work wonders for GM. The first thing he could do is to present legislation called the “Transportation Revitalization Act.” This law would force lending institutions to make subprime car loans to people who could not afford to own one. It would be a social engineering program aimed at low income workers. Everyone is entitled to a car. With the current recession headed toward a depression, the idea might fly. The caveat would be that in order to qualify for a loan, the buyer must purchase American. i.e. GM, Ford, or Chrysler.
The Transportation Revitaalization Act would serve several fronts. First, we give everyone in the country a car. Second, we get the country back on its feet. Think of all the jobs created by the demand for American made cars.
Barney is the perfect guy for the job. He did so well with the housing market that the country experienced economic growth like no other time in history.
I can just see Barney across the table with the UAW. There would be no adversarial relationship between manufacturer and the union. Barney would also be fair, and limit his salary to one half of what the current GM CEO’s make. He would also limit his parachute to a lifetime of service in the Senate.
Another great outcome from the Transportation Revitalization Act is the threat from Japanese, Korean, and Chinese car makers is over. Who would want to buy a foreign product and have to pay for it? Most likely my kids, they would still insist on a car they wouldn’t have to take back to the dealer for an argument every month.
Write to your congressman today. Insist he initiate the Transportation Revitalization Act in the first session after the Christmas, er Holiday Break.
Filed under: family, Government, Manufacturing, Motivation, politics, Travel, Uncategorized, Writer Tagged: | bailout, Barney Franks, Cars, Chrysler, Ford, General Motors, Manufacturing, Transportation Revitalization Act, United Auto Workers
His name is Barney Frank, not “Franks.”
KB; Thanks for the input.