D.Duck 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.


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?