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Taxpayers bought the GM assets; WHY CAN"T WE USE
THEM?  Let's save Pontiac!!

Commentary Posting WSJ, NYT, Newsweek, Fox News

2/24/2010

“US Jan mass layoffs edge up on weak manufacturing

Tue Feb 23, 2010 11:34am EST
WASHINGTON, Feb 23 (Reuters) - The number of mass
layoffs by U.S. employers edged up in January as
manufacturers stepped up job cuts…..”

It strikes us at Savingpontiac.org that the economy can be
likened to a football game in which it is 10 to 0 in the early part
of the second quarter. The losing team is desperate to get
those first points on the board before half time.  Change the
momentum is the hope of the losing coach so that his team
will have momentum going into the second half.

Change the momentum. That is what we need. A spark; an
ignition source that makes the team, our Country,  believe that
not only can they score but they can win! Our national hope for
change and economic recovery seemed at least hopeful in the
early months of the bank bailouts as it looked like the country
was doing what it needed to do to win or at least stop the
economic slide. Now, in February 2010 our national consumer
confidence is the worst since 1983 according to Reuters.

Manufacturing has been the heart and soul of our Country. It is
what brought us to be the economic engine for the world.
China has largely assumed that role and in fact is lending The
United States money to keep our struggling service economy
alive.  It is well documented that middle class jobs continue to
disappear and that segment of the population suffers
financially in America. Our Country and our middle class need
that spark to start a scoring spree to win in the second half.

The General Motors bailout was an important step toward
supporting our Country. It was a good decision that was
needed in the downturn. Directing or allowing, depending on
your perspective, GM to close the Pontiac and Saturn brands
was, however, a decision that cost our Country 120,000 jobs
and cost taxpayers upwards of $1 Billion.  While these
closings can be debated as good or bad, what is clear is that
they now provide an opportunity to create the winning spark; a
chance to change the momentum.

Savingpontiac.org continues to believe that if the Government
allows and supports the resurrection of the Pontiac brand and
mothballed factories, which the taxpayers already own, and
creates the jobs associated with this business it could change
our momentum. We, as a country, can create jobs almost
overnight that can be counted. Our country would see the
Government stand behind these jobs that are for Middle
Americans and not for bankers in New York.

Jobs that number 60,000 or 120,000 are not a huge amount
when compared to 17 or 18 million unemployed. What these
jobs do represent is the field goal at the end of the first half;
the momentum “changer” that carries into the conclusion of the
game. Let’s go team! Quickly and efficiently, without debate,
score these job points and let’s turn this game into a winner.


About SavingPontiac.org
Savingpontiac.org is a non-partisan, non-profit organization
focused on the influencing policy making regarding the
disposition of the Pontiac Brand by The Treasury Department
and General Motors.

Contact: Ben 678-561-6552 or ben@savingpontiac.org
The Taxpayers own Pontiac and every idle asset
of General Motors. Why not let entrepreneurs
take the reins of Pontiac and some idle
assets...add a small amount of the bailout
money; ='s
real "shovel ready jobs".
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