What would be a better alternative to bailing out the auto industry?

August 12th, 2010 | by Administrator |
Tara asked:

In WWII, the car manufacturers as well as other industries stopped manufacturing their usual products and manufactured war craft instead. Industrial equipment such as that at the automobile factories can be used to manufacture other things. My idea would be to use the money that the government would have given to the auto industry to maintain the status quo to a sustainable industry. For example, the government could subsidize renewable energy engineers that could design windmills and power plants that could be built using the equipment abandoned by the auto makers. What else could we do with the money that would go to the automakers? How can we promote a sustainable industry and keep people from losing their jobs?

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