On Sat, 6 Dec 2008 17:57:57 -0700, "Canuck57"
wrote:


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

Are you going to bail out small business too?

I ask as most of the 500,000 people suffering in November, and maybe a
million in December are mostly non-union, non-auto. Who is bailing out the
little guy?

Might as well put the whole nation on welfare.

The only sane solution is to cut waste and get more competative with less
debt. If you can't do that like 300 million other people, you are screwed.
Letting Detroit into the public purse, a bad mistake for everyone in the
end.

Saving the financial sector was important - saving the automakers
isn't. The financial sector affects 100% of the economy, the auto
industry is lucky if it affects 10% of the economy.

Let 'em sink and the UAW with them. Once GM and Chrysler are gone,
Ford can survive and deserves to - Ford is at least doing something
about saving itself right here, right now.
--

Happy Holidays and Merry Whatever It Is
That ****es Liberals Off.