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Originally Posted by Supermans
You know as well as I do if Chapter 7 occurs that Toyota and Nissan will buy the plants at real cheap and take over employment for many of those lost jobs if they accept the pay cut that is..
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You're talking about no black and white, and you think something like this is that simple?
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Originally Posted by Supermans
It's not all black and white economics as if no other forces exist that can stop the bleeding..
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The bleeding IS the economy. If they aren't selling anything, NOTHING's going to help.
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Originally Posted by Supermans
However if GM files for Chapter 11, they will still get the same Government help and money but without all of it going towards the Union which is like a broken record and does not work as we have already seen.
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First of all, there is no gaurantee that they'll get the money they need in Chapter 11. You didn't read that viability plan I mentioned a while back, did you? Second of all -- the Union is working fine. Of course it has some imprefections, like any large organization. To blindly blame them (even indirectly) is wrong, and lends very little credibility to your thoughts on the subject, because they are obviously skewed agains the UAW. They're working in sync with the company (believe it or not), and have made cuts and concessions where possible without paying its trained employees dirt as some seem to want done. Besides that, what evidence do you have that the first round of loans went "to them". Do you realize how silly that sounds?
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Originally Posted by Supermans
If GM had filed for Chapter 11 before the first bailout auto loan, then I think they'd be in a much better situation right about now because the money wouldn't have all been misspent....
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Again, what evidence do you have that it was "misspent". I'm of the opinion, and I could be wrong, that you believe Chapter 11 is some miracle cure, and therefore anything except that is a 'waste' or won't work. Which is absolutely not the case...