Let’s talk about the auto industry bailout—Jared Cutlip of Michigan certainly wants to. After witnessing Michigan’s auto industry plummet along with the economy, Clutip realized the current bailout plan only benefits struggling auto companies. He thinks American taxpayers should benefit as well. From this, Cutlip became the author of proposal 110, one that, if put into law, would give each American family or singularly-living individual a $10,000 voucher for the purchase of a car from an American owned auto company. Cutlip argues that his proposal would work to stimulate the economy, create jobs within the industry, and provide Americans with a means of transportation. As far as the cost behind his proposal, Cutlip estimates that between one and three trillion dollars in vouchers would be issued to Americans compared to the three billion pledged by the federal government thus far. However, Cutlip, like many Americans, predicts this number will continue to increase as long as the economy remains in its present state. “So let’s talk”, he says. Let’s talk not about taxpayers losing money on this bailout, but about what taxpayers can gain while rebuilding the auto industry and repairing the American economy.
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- More state submissions are on the way! Also, look out for the first issue of the Blue Ridge Journal tonight at dinner. 2010-07-05
- This account will link to all blogs, videos, and photos that get posted this week. Check back often for updates :) - sj 2010-07-05
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