Daniel Sperling & Deborah Gordon | November 17, 2008
General Motors is on the brink of bankruptcy with Ford and Chrysler not far behind. ++ The government must bail out the auto industry as hundreds of thousands of jobs are at stake. ++ A gas tax is the answer. ++ Gas prices should be set to $3.50 per gallon with a variable tax adjusted according to the real gas price. ++ This tax could revenue $17 billion in one month, $140 billion in one year, money that would be used for bailouts. ++ In return automakers would produce a high quota of fuel efficient "green" cars.