It's understandable that many are reticent about bailing out the auto industry. Never the less there are myriad reasons to follow through with one. Three primary reasons are as follows: loss of millions of jobs, national security issues, and the potential to influence the focus of automobile technology. It appears that a bail out for GM, Ford, and possibly Chrysler, will be considered in a lame duck session. Regardless, the incoming administration will influence, and eventually control, how such a bail out will be enacted.
The incoming administration has strongly expressed a desire to significantly increase the number of environmentally friendly vehicles on US roadways. The President elect has also personally demonstrated a commitment to practice what he's been preaching. The only vehicle owned by the incoming first family is a Ford Escape Hybrid. That being said, a major requirement for bailing out the US auto industry can and should be the development of more hybrids, diesel engines (which will use bio diesel), and the research and development of cleaner vehicle technologies. The mandated research and development should include an area that is rarely, if ever, discussed. That being research into retrofitting cleaner fuel technology into older vehicles.
The focus on more efficient vehicles will also address the two other crucial reasons for the auto bail out. Not only will the direct and ancillary job losses be avoided, but there will likely be a net gain of new jobs. National security will be bolstered from the positive economic and environmental changes as well as the continued use of domestically designed and manufactured vehicles. As long as the unjust enrichment of executives is curtailed the auto industry bail out can be used as a positive step towards innovation.
Ks3(Keep safe, smart, strong),
JD
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