So the hot topic the past couple of days has been whether or not to bail out the “Big Three”. But does there really need to be a bailout? I mean, if enough people are smart enough, and not care too much about their credit rating going down the drain, I have a solution.
First we need about 2 million people who have at least $25,000 available credit on their credit card. These people need to all go and buy a brand new car costing at a minimum of $25,000 dollars. This will be infusing the auto industry with over 50 billion dollars. Of course I forgot to mention they all need to be GM, Ford, or Chrysler cars. These people in turn could all default on their credit cards. This debt is unsecured so they will keep their cars, the government will help these credit companies because they can’t fail. Every one wins. People have new cars, The “Big Three” get money and don’t have to change the way they do business, the unions still continue to have way too much power, the credit companies continue to get money so another 2 million people can do the same thing. As long as we have printers and ink, we can keep printing money. Who cares if in a couple of years your Diet Pepsi will cost $10 due to inflation.
All this can be done without the need of congress to lift a finger and spend endless seconds writing up another bail out bill. Of course that won’t happen because they love having the control and only want more.
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