To: Alberta's Child
There's simply no way an old corporate giant can remain viable in the face of newer competition that doesn't offer the kinds of perks that used to be common in these industries. A good point. The next question is: should government step in and save these dinosaurs?
8 posted on
08/11/2004 6:33:37 AM PDT by
Modernman
(Hippies.They're everywhere. They wanna save the earth, but all they do is smoke pot and smell bad.)
To: Modernman
A good point. The next question is: should government step in and save these dinosaurs?Nope. We've spent more than enough on them already. If they don't have a viable business, they should die.
10 posted on
08/11/2004 7:59:43 AM PDT by
zeugma
(The Great Experiment is over and the Constitution is dead.)
To: Modernman
It's a difficult question. I don't think the government should bail any companies out, no matter how large they are. But in a case like this where a corporate bankruptcy would result in a "government bail-out" of the company's pension obligations anyway, the issue gets a bit murky.
12 posted on
08/11/2004 2:29:06 PM PDT by
Alberta's Child
("Ego numquam pronunciare mendacium . . . sed ego sum homo indomitus")
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