Boy it's a good thing you have abandoned the fight. I don't need this defeatism in my foxhole.
If you take the time to look you find history gives lots of examples of what happens to govt run industries when they encounter free enterprise innovation. If you wanted the little 3 to sucede over the long haul you would have supported a complete restructuring.
You may not have noticed, but the little 3 are profitable overseas and in fact while asking for the govt bailout Ford indicated they are committing another BILLION dollars to their Brazilian operations.
Whatever....I dont wnat to be in anyones foxhole I look at reality
The problem is a chapter 11 bankruptcy is not viable unless there is an arrangement for debtor in possession financing. In the current banking climate that is not going to happen only some kind of government intervention will work. The fools in Washington would rather the industruial backbone of our military strength be washed away. All of the great talk is useless in a nation defeated by its own stupidity.