I see where GM and Chrysler are seeking an additional $21.6 billion in loans from the federal government. In return, GM is cutting 47,000 jobs and closing 14 plants while Chrysler is cutting an additional 3,000 on top of the 32,000 they’ve cut since 2007. Something is wrong with this picture–I thought the government’s bailout of the US auto industry was supposed to save jobs, not destroy them. It seems like the only things auto executives know how to do is cut costs, cut jobs and close plants. If the government truly wants to save the American auto industry, it needs to focus on the revenue stream–bringing money into these companies through sales of their products. Instead of putting this $21.6 billion into the hands of incompetent auto executives, the federal government should put all of it into the hands of consumers. For example, it could give each American household a $10,000 voucher that’s good only for the purchase of a new car from any GM, Ford or Chrysler dealer. This would create immediate sales of 2,160,000 new automobiles and give the auto industry the shot in the arm it needs. The same amount of revenue would still flow into the US auto companies, but they would have to earn it by doing what they’re in business to do–building and selling cars.