Supporting US Automakers

Previously in this blog I have argued vociferously that any/all US automaker companies should be allowed to fail under their own fiefdom.

I still believe this theory, and I drastically encourage the US Government to let Chrysler alone go under.

I am still in favor of letting GM and/or Ford to also go belly-up, UNLESS they agree to some serious strings with any type of cash held the government gives them.

I'm thinking of strings like:

A. Caps on CEO compensation

B. Forcing these companies to cut back their line of car choices

C. Mandatory fuel efficiency ratings for any car or truck they make/manufacture, based on graduated scale (higher than 32mpg for any cars, higher than 27-28mpg for any truck.

D. A written in stone commitment to pay the people their pensions as promised up to 80% of the value.

E. A written in stone commitment to put more profits on a percentage basis into environmentally friendly R&D.

F. An agreement to pay back any/all bailout money given to them with 5% interest, a modest 5% I think considering.

If these automakers refuse to adhere to these strings, then fuck 'em. Let them fail.