… of the auto industry, how about a $25 billion Treasury-managed automotive venture fund?
The new ventures would claw back some of the jobs that Detroit is shedding. And it would position the US as the center of 21st century automotive technology and innovation.
And, hey, if GM/Ford are indeed the best recipients of capital for innovation (especially green innovation), as some of the bailout supporters claim, they would still win the funds. But they are probably not, of course.
Seth Godin agrees, I think.