I think what has to happen here is that Congress needs to pass some legislation, and our president-elect needs to do what Roosevelt did.
When Roosevelt came in and when World War II faced the country, Roosevelt said to General Motors and Ford, you're not going to build cars anymore. You're going to build airplanes and tanks and guns and the things that we need for this war because we have a national crisis. General Motors had to do what Roosevelt told them they had to do.
King: What do you want them to do now?
Moore: President-Elect Obama has to say to them, yes, we're going to use this money to save these jobs, but we're not going to build these gas-guzzling, unsafe vehicles any longer.
We're going to put the companies into some sort of receivership and we, the government, are going to hold the reigns on these companies. They're to build mass transit. They're to build hybrid cars. They're to build cars that use little or no gasoline.
We're facing a national crisis, not just an economic crisis, but a crisis of the polar ice caps are melting. There's only so much oil left under the Earth. We're going to run out of that, if not in our children's time, our grandchildren's time.
There's got to be a plan set out to find other ways to transport ourselves in other ways than using fossil fuels.--Michael Moore, interviewed by Larry King on CNN (with video).
Howie P.S.: A few minutes ago, Obama proposed a "New Economic Stimulus Plan" during the the weekly Democratic radio address. From the story in New York Times:
Mr. Obama said he would outline specific details of the proposal in the coming weeks, offering only a broad sketch of the plan on Saturday. He said the two-year effort would put Americans back to work through infrastructure and energy projects. Here's the video.