Job 1: A Healthy Automobile Industry

The American automobile industry must be revived in order for what the Fed and Treasury Department are doing now to work. The physcology behind a big part of the cause of the melt down would be almost completely reversed if the auto industry was revived and healthy again. That isnt going to happen by giving them a few billion and saying,"ok be off with you young lads go about your ways."
Gm would just take the money and burn it. First of all a few billion would only pay there bills for just a couple of more months. Their problem is that they have no product. They wont even know if the batteries will work for the electric car(the Volt) until a few months before its supposed to go into production. Ric Wagoneer is one hell of a planner. The company blew billions on a fusion car thats aleast 50 years away from production. Ric must be forced out. The guy is a dead head.
Whats needed is a czar that knows the automoblie industry and can force the auto companies into taking steps that will make them healthy again. Lee Iccocia or Gerald Grennwald or both together might be a good place to start.