On Thu, 13 Nov 2008 11:38:58 +0000, Tom Francis - SWSports wrote:

On Thu, 13 Nov 2008 02:12:16 -0500, "Eisboch"
wrote:


"D.Duck" wrote in message
om...


My hope is that the GM/Ford/Chrysler problems are resolved (if
resolvable) in bankruptcy, not throwing more tax payer dollars at
them.


Duck, I couldn't agree with you more. Chapter 11 isn't permanent. It
allows for "reorganization" which is exactly what the auto industry
needs to do right now. Revise business plans, products and
re-negotiate the union contracts under the watchful eye of a bankruptcy
judge.

Handing them a pile of taxpayer money, calling it a government
"investment" just to keep them in business under their current
organizational structures won't do a damn thing.

I agree.

Tough call. I don't like these bailouts, but can we afford not to? In
this country, 1 in 10 jobs are connected to the auto industry. If the
auto companies fail, we're talking depression, not recession. All of
this, could get real scary, real quick.