Boater wrote:
Eisboch wrote:
"Tom Francis - SWSports" wrote in
message ...
On Mon, 17 Nov 2008 06:59:56 -0500, "Eisboch"
wrote:

Here's an idea for the bailout versus bankruptcy debate as options
for GM
(and possibly Ford and Chrysler)


Do both.

Agree to a government (taxpayer) financed cash infusion as part of the
reorganization plan in Chapter 11 bankruptcy.
On the other hand...

http://www.nytimes.com/2008/11/17/bu...hp&oref=slogin



That's an option and it does away with unions for the most part.

I'd like to see the American auto industry survive, even if it still
includes union contracts and workers.
But, the whole structure including products, management and union
relationships/contracts needs to be rewritten, using a blank sheet.
The bailout plus Chapter 11 concept takes those decisions out of the
hands of existing management and BOD's and puts them in the hands of
the bankrupcy court.

Eisboch



Obviously, the answer for America is to turn all workers into chattel.

Chattel of King Obama? What do you stand to gain? A job as Court Jester.