The American auto industry is in serious trouble. All three of the “Big 3″ are in danger of going bankrupt due to many reasons ranging from foreign competion, to mis-management, to high costs brought on by union contracts, to lack of vision.
I would appoint a commission headed by two people with opposite political views as chairmen. My personal choices would be Lee Iacocca and Mitt Romney. Both of those gentlemen are familiar with Michigan and both are familiar with bringing an organization out of the pit of decline and despair. Both care about getting America moving again and both love our country.
I would allow them to choose the remainder of the commision themselves, but would suggest that they choose people from both within government and from the business and economic worlds. I would suggest that they not include anyone from union leadership as part of the commission, but allow the unions to testify before the commission with their views and opinions.
I would give the commission the task of making recomendations to the auto industry and to the states of ways to save the industry in general and their individual companies in particular without a government bail out (if possible). A bail out of the “Big 3″ would be the last of last resorts.
When the recommendations are ready, I would require that the report be sent to each state that has auto manufacturing and to Congress and the White House. I would also require that a short explanation of the recommendation be sent to every television and radio station and every newspaper in the applicable areas. A web site would also be created to explain what the recommendations are. By doing all of this, there could be no hidden agendas involved and nothing hidden from the public. If, for example, the report would say that the states need to cut taxes for those businesses or if the unions need to give up things, there can be no mistaking what the commission actually said. No twisting of words by those opposed to the suggestions or those who wanted more.
It may not provide the answer. It might, however, get the discussion of what to do about the problem moving.