Big 3 Bail-out thoughts - As Ron sees it.

By Ron Beasley

While I agree that the Big 3 cannot be allowed to go under but I can't agree with a "bail-out" as such.  What should happen is a de-facto temporary nationalization.  To begin with the entire upper management team and the board of directors should be shown the door with only a final pay check - no parachutes.  Throwing money at the companies with the clowns that got them into the mess  in charge makes no sense.  Put a caretaker management team in place while a restructuring plan is developed.  Instead of at least some of the cash move the employees into Medicare which will reduce health care costs by 15 percent or more and begin the move to a single payer system which is essential if the US is going to be competitive in the world market.

Form a blue ribbon commission from business and engineering to determine the path to restructuring the US automobile industry.