To: nateriver
>>>>>>Let them file Chapter 11 and reorganize. Ditto.
2 posted on
11/17/2008 9:38:16 AM PST by
Reagan Man
("In this present crisis, government is not the solution to our problem; government is the problem.")
To: Reagan Man
I have not heard a single reason why a government bailout would be superior to a bankruptcy filing unless you consider keeping unrealistic benefits for a few union members at the expense of taxpayers a reason. Shareholders should not be rewarded for making a poor choice and letting poor Management stay entrenched.
To: Reagan Man
“Let them file Chapter 11 and reorganize”
Agreed.
To: Reagan Man
Agreed. Sit the union management down, tell them here's the deal-
Your retiree's with over 20 years service, will receive $X per month, and an adjusted medical plan. Anyone with less than 20 years, better pick up the pace.
Don't like that?
Better to receive a smaller percentage of something, than 100% of nothing! If the UAW doesn't get that, skip chapter 11, let's get right to chapter 7.
14 posted on
11/17/2008 9:52:14 AM PST by
Issaquahking
(Obama won the election, and America lost!)
To: Reagan Man
Chapter 11 = death of Auto industry. Is that what you really want?
21 posted on
11/17/2008 9:56:56 AM PST by
bronxboy
To: Reagan Man
I drive a Toyota today, and I will drive a Toyota in the future.
47 posted on
11/17/2008 11:33:05 AM PST by
trillabodilla
(The dog caught the car. Now, what is he gonna do with it?)
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