Bad idea, bad idea, bad idea. Of course, we can’t let the big dogs just declare bankruptcy like everybody else who has mismanaged their business. Face the consequences of your actions? Puhleeeeeeze!
Makes me wanna barf.
Colonel, USAFR
The downside to letting them go bankrupt is that really means the people who lent THEM money are hurt. That would be a lot of suppliers who sold them parts, who haven’t been paid yet. Is it the suppliers fault that the automakers are run poorly?
My idea of a compromise was for the government to skip the automakers, and instead pay off the suppliers. IT would still help the automakers since they would have liabilities wiped off the books, but at least not a dime of my money would go to pay the salaries of the people who messed up.
“Bad idea, bad idea, bad idea. Of course, we can’t let the big dogs just declare bankruptcy like everybody else who has mismanaged their business. Face the consequences of your actions? Puhleeeeeeze!”
Are you working? Do you have a job?
There are 100,000 workers that are going to lose their livelihoods because of this. Not to mention the employees of the suppliers and the employees of the suppliers suppliers.
What do you think is going to happen then? And what do you think the union is going to do? They are a virus, they will pick up and go somewhere else while workers will go on unemployment and eventually welfare. And we pick up that tab.
This is the only opportunity for Management and Labor to sit down and figure this out. In a month, the employees will start getting po’d that there is no deal. Right now the only thing anyone has going for them is time.
Is that worth 14.7 billion for three months? I think it is.