"Boater" wrote in message
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D.Duck wrote:
"Boater" wrote in message
...
Eisboch wrote:
wrote in message
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On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote:

http://online.wsj.com/article/SB1228...28184421.html?
mod=rss_opinion_main
Bankrupt them, downsize them, get rid of the onerous contracts and
merge
Chrysler with Ford.

No bail out.
Personally, I can't see Chrysler surviving. Ford, yes, and a much
smaller and different GM.

Exactly. Chrysler hired an outside bankruptcy law firm yesterday.
They are preparing for the inevitable.

GM needs to replace Wagoner. He is so out of touch with reality that
he can't be in charge of
reorganizing.

The Ford guy (ex-Boeing) seems to be a little more pro-active and may
be ok. He's only been there for two years
and has already made some serious changes to Ford's overall business
structure.

Eisboch

Sorry, but if we can bail out the useless pushers of paper on wall
street and get absolutely nothing in return, we can help the millions of
real working Americans whose jobs depend on the domestic auto industry.
I don't buy into the concept that bankruptcy reorganization will work
for Chrysler, Ford or GM.


You just want to see what some bankruptcy judge would do to union
contracts.


We're in dire straits in this country. Everyone has to sacrifice, and if
that means nulling and voiding contracts, let's also cut the pension and
healthcare benefits of civilian and military retirees. Right?


...and make retired CEOs pay back some of their ill gotten gains.