"Eisboch" wrote in message
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"D.Duck" wrote in message
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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.

Eisboch

I agree. But one should view these as government taxes to prop up business.
One way or another it is going to be main street taxes propping up these
businesses that refuse to change to the times. There have been promises of
profitability for decades than have fallen by the wayside. Relief isn't
what they need, chapter 11 is the start of real change.