Should The Government Stop Dumping Money Into A Giant Hole?

In The Know: Should The Government Stop Dumping Money Into A Giant Hole?

Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are

Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are

Bailing out the big three - revisited

A great idea...

Get the enormous oil companies to loan money to the enormous auto companies!

Bailing out the big three

I've been thinking it would be folly to give huge loans to GM, Ford, and Chrysler, however, the alternative would be to allow one or all to go bankrupt. Chapter 11 bankruptcy would doom the sales of the company in question. Now what?

If one of the Big Three did go bankrupt, the UAW contract would be subject to renegotiation. And because the UAW tries very hard to get the same deal with each of the auto makers, that the contract MAY be renegotiable with the remaining "not quite bankrupt" companies as well.

So, it occurs to me that the feds could kill one sick bird and get two healthy ones by lending money to GM to buyout Chrysler (something they've been talking about already) and then let Chrysler declare Chapter 11 (which they are about to do anyway) as a means to push GM and the UAW back to the bargaining table. Once completed, Ford would then be in a place to demand similar terms from the UAW.

Of course, the Democrats would not like that too much, particularly the Michigan contingent (Gov. Granholm would have an apoplexy).

Might not be such a bad plan after all.

Giggles

I can use a good laugh right now. So here we go.

The Obama Ecomony: a prediction.

A pet peeve.

98cents is not the same as .98cents