Washington's Bailout Bill for Detroit

Take $20B, divide into 400,000 employees, and you have $50,000/person.


That's what you could do with a little more than the money currently being offered to Ford, GM and Chrysler, in exchange for something less than bankruptcy.


After all, not every employee of the three US-based auto makers will be out of work. Some will transfer with their successful, profitable product lines to other owners. So, between out-of-work auto employees, and some among their suppliers, you could assist a lot of non-management employees without 'bailing out' shareholders and management.


Let's help the non-management employees, and let management and shareholders pay the price for decades of lousy management.


Force Wagoner to file for Chapter 11, and probably Nardelli, too.

But under no circumstances should Congress give any of the three US auto makers money prior to a Chapter 11 filing.