Last December, I modestly proposed a $100K per employee bailout, for the more meager cost of $25.2 billion in late 2008*. But this is getting ridiculous. How many new small businesses, back-to-college tuition fees, and cross-country moves to more favorable labor markets could GM employees buy with $255K apiece, tax-free? There are places in the country where you can shelter and feed a family of four for the better part of a decade with that sum. I don't subscribe to the notion that uncoordinated masses of individuals axiomatically spend money more effectively than government all the time, but the orderly winding-down of a failing car company doesn't offer a propitious outlook for government management, not least because management of any kind seems essentially futile when you're dealing with a car sailing off a cliff.
Oh, why do I bother.
The car link was sort of fun to dig up though.
* GM had more employees back then.