On Sun, 7 Dec 2008 12:17:16 -0500, "Eisboch"
wrote:



You both are missing the point. It has nothing to do with disdain for
working people or unions.
It has to do with the simple reality that regardless of how GM's problems
are resolved,
jobs will be lost, and related businesses will either downsize or fail.
GM's market share and bloated structure simply will not (and has not for
years) continue to support it's size.
All I am arguing is that in the best interests of all ... including the
workers and the unions ...
that the best way to fix the problem is through a Chapter 11 process, with
pre-conditions and bridge financing by an interested government.
Restructuring under a federal court's oversight should be a fairer process
to the unions than restructuring by negotiations only with GM management,
don't you think? Besides, a negotiation process without a courts' oversight
will probably guarantee that time and money will run out and everyone loses
their jobs.

Think about it.

It may work that way in the end. But before any bankruptcy the gov
will do the bridge loan. When Obama is in - or maybe before - a "Car
Czar" will be installed to hammer GM and UAW.
Jack Welch might do - he's a ruthless SOB - but there are others
willing to swing the hammer.
The Car Czar will determine if they the gov goes into the kitty beyond
the bridge loan.
Bankruptcy is to be avoided for all the reasons you've already heard.
But the threat of it will give the car czar all the power he needs to
work out the restructuring.
They don't agree with him, they go bankrupt.
That's my guess.

--Vic