"Eisboch" wrote in message
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"Boater" wrote in message
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Eisboch wrote:

Here's a thought for you. The auto industry makes up a significant
percentage of our heavy manufacturing abilities. If we allow it to fail,
and that seems very possible, we will have lost much of our ability to
wage serious war. Not only would we not have the auto plants staffed and
available to manufacture for a war effort, we will have lost most of the
ancillary industries, too.

Hey, I know...we can shop for stuff on...eBay.



First of all, the auto industry is not anywhere near as important as a
wartime manufacturing base as it was 60 years ago. Future wars will not
be won because of a limitless manufacturing capacity in the US as it
existed during WWII. It will be fought and ultimately won with small,
special capabilities forces supported by technology. Still, the auto
industry should be saved.

There's a smarter, well proven way to resolve the auto industry problems.
It's called voluntary Chapter 11 bankruptcy. I am watching the House
hearings as I type. The UAW president is arguing against a prepackaged
Chapter 11 (with tax payer assistance) because he claims nobody will buy
an American car with the company in Chapter 11. I guess nobody has
informed him that nobody's buying them now.

It's painful to watch. I have to give Ford a bit of credit as they seem
to have been making more major changes in their business model than GM or
Chrysler. They aren't looking for a bailout, but rather a standby line
of credit.

A pre-packaged Chapter 11 is the fairest solution for all concerned,
including the taxpayer. It's not going out of business; it's an
opportunity to reorganize the business without being forced into
involuntary bankruptcy. Chapter 11 is far better than Chapter 7 for all
concerned.

Eisboch

The airlines did and people still flew.