"Boater" wrote in message
...
Tom Francis - SWSports wrote:
On Thu, 13 Nov 2008 08:42:23 -0500, "Eisboch"
wrote:

wrote in message
t...

Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.
This may sound harsh, but I am just about convinced that we are beyond
any form of healthy avenues for recovery.
The reasons are varied and there's plenty of blame to pass around,
including the consumer. At this point though, it just doesn't matter.
Assigning blame doesn't fix the problems.

I think we may just have to bite the bullet, allow Banks, Investment
firms, GM, GMAC, Ford, Ford Motor Credit and Chrysler (whoever they are
now-a-days) to file Chapter 11 bankrupcy, reorganize and start again.
That will unfortunatly cause bankrupcies in many supporting industrys
but they are currently structured to support what exists now, not as it
should be.

Everyone is jumping on the bailout bandwagon. American Express just
filed to become a bank, thereby qualifying for some of the bailout money
to cover bad accounts. That's too much. Enough.

Like a hurricane every 100 years or so, it is going to require cleaning
out the deadwood before the forests can grow again.

Damn straight.


And what is your plan for the millions of workers who will lose their
jobs? Oh...I know...let them all die.

I would start by firing every member of an automaker's management team,
eliminating whatever "equity" the shareholders still have, renegotiating
all existing labor and supplier contracts, and hiring innovative
management that can begin producing world-class energy efficient cars
within two years, even if they have to buy the technology until they can
develop their own.

http://www.cnsnews.com/public/conten...x?RsrcID=39292

A union bailout not an automaker bailout. Especially this point:
"NLPC says the UAW wants additional taxpayer money to enrich health and
retirement plans it controls. Indeed, UAW President Ron Gettelfinger has
urged Congress to act immediately to provide a separate, additional $25
billion in loans so auto companies can meet their health care obligations to
more than 780,000 retirees and dependents."
What about me when I got laid off because the company management made bad
decisions? I had to pay for my own health care costs. Can I now apply and
get reimbursed for those costs, plus interest?