tag:blogger.com,1999:blog-34725278.post1107820223315948247..comments2023-04-16T07:38:56.216-07:00Comments on Biz' Blog: Maverickbizhttp://www.blogger.com/profile/15953403004863497740noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-34725278.post-83959841393930283082008-11-20T05:04:00.000-08:002008-11-20T05:04:00.000-08:00Biz,I agree the worst-case fall out would be a cat...Biz,<BR/><BR/>I agree the worst-case fall out would be a catastrophe, especially for the Detroit area...but bankruptcy does come in several flavors. If we want to have a viable auto industry in 10 years, we have to do more than throw money at the problem.<BR/><BR/>The auto industry needs to get out from under the yoke of the UAW, and it needs new management. In bankruptcy, we can see both of these.<BR/>Yes it will be painful here in the D for quite a while...but that is where government funding can come in--ONCE the new rules of the road are set.<BR/><BR/>Giving money to the autos now is simply postponing the inevitable.<BR/><BR/>Martin TibbittsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34725278.post-88204211058882561552008-11-14T11:21:00.000-08:002008-11-14T11:21:00.000-08:00You may be emotionally biased, but your analysis s...You may be emotionally biased, but your analysis seems fairly sound. However, 25B is still a lot of money even if it's not 700B. How about this instead: Toyota buys GM and Honda buys F and re-hires the workforce under their own contracts. When all is said and done, it is the 2/3rd premium GM and F pay for labor that is killing them. When the economy is strong and gas is cheap, it masks the labor costs they have to pay.Anonymousnoreply@blogger.com