The other reason this is not going to work is because the cars are not selling in the dealerships. You can throw the whole kitchen sink at this thing and it's not going to work without a solid revenue stream.

The basic concepts of business 101 seem to be missingin action. I haven't heard one single politician or car exec speak about the lack of sales. Mark my words... this package will fail.

As sad as it is... these guys NEED to go bankrupt in order to survive. It will force renegotiation with the unions and force a new business model. 

http://politicsofdes...

Reality is the UAW---
Reality is the Levin brothers, Grandholm and all those enablers that have sold out to the unions. Michigan is as corrupt as Illinois.

A lost thought--
Wasn't it Carl Levin who insisted that the Michigan primary be pushed up to give his state a more prominent standing in the process but led to the mess of the citizens votes not counting. It all worked out in the end, but I never heard any reference to Levin's involvement.

An inmate is spending his 1st night in prison and asks his cell mate, "What is that framed dollar bill doing on the wall". The cell mates reply, "That's the 1st dollar I ever made, a 1/4 inch too long."

Now the problem here is that this guy as a CEO of an airline was willing to lose his vested interest in the outstanding stock shares he was paid in, in order to save the company.  In other words he put his job and his fellow workers ahead of his own personal financial interest.  Contrast this with the big 3 asking for the bail outs, a bankruptcy will not stop people from buying cars no more than it did people from buying airline tickets.  What chapter 11 bankruptcy will do however, is drive their outstanding stock shares to zero.  That means the management, the UAW and the retirees whose pension fund (remember Enron) was invested in those stock shares loose most if not all of their investments.  The bailout is plain and simple Quid Pro Quo from the politicians who were the beneficiaries of the big 3 management and UAW campaign contributions, ALL at the EXPENSE OF THE TAXPAYER. 

Quite frankly, the taxpayers of this country have been defrauded in one of the biggest financial scams in human history to save the personal interests of campaign contributors starting with the AIG bailout.  This is outright fraud committed by government officials and made legal through legislative fiat. All legitimacy of self governance has been co-opted by a group of self serving elitists.

Nancy Pelosi and Harry Reid, starving the poor one gallon of ethanol at a time. Fill your tank with E85 and cull a village.

My father is an airline pilot and his company also filed Chapter 11...an re-emerged much stronger than before!  By doing so, the airline was able to renegotiate with unions including the Airline Pilot's Association (ALPA).  While my father makes less than he did before, at least he isn't constantly worried about losing his job as he was before.  A job that he has held for 35yrs at that!