On Sun, 07 Dec 2008 10:12:02 -0500, Boater
wrote:

Tom Francis - SWSports wrote:
On Sat, 6 Dec 2008 23:59:58 -0500, "Eisboch"
wrote:

The auto industry's contracts and historical ways of doing business need a
complete overhauling in order to be a viable, competitive entity in today's
global markets. Chapter 11 reorganization, prepackaged with a government
bridge loan to keep the beast breathing during the process, makes sense to
me.

While I understand the idea, I don't want money going to GM. Ford
doesn't want the money, just a backup which is one hell of a lot less
expensive.

Let GM sink. If they can't get through Chapter 11, tough. Let them
go Chapter 7 and disappear.

Ford, Toyota, Honda and others will take up the slack.

Survival of the fittest.

I think you are grossly minimizing the impact of a GM sinking. It's not
just GM that will sink.

Yeah - the UAW and that's a good thing.

Delphi has been operating under Chapter 11 rules for a long tmie -
it's still around.

Nobody else is going to be seriously hurt if GM goes down. Whoever is
left over, namely Ford, will be stronger, leaner and more able to
compete with Honda, Toyota, BMW, yada, yada, yada. Ford's cost to
build a car or truck is now down to around $60/hr from $85/hr which is
GM's cost. Honda, et.al., are around $43/hr on average.

Simple fact. GM is a dinosaur, Wagoner is an idiot, the UAW was
greedy and GM's board was derelict in it's fudiciary duty.

Let them die and the UAW with them.

--

"An idealist is one who, on noticing that
a rose smells better than a cabbage, concludes
that it will also make better soup."

H.L. Mencken