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Politics : Formerly About Advanced Micro Devices
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To: Peter Dierks who wrote (437832)12/3/2008 3:08:46 PM
From: i-node  Read Replies (1) of 1573433
 
The law is designed to give them that power. It is unlikely to change to favor the long term viability of the job producers any time soon. One of the auto makers would have had to chosen to go out of business for the message to be delivered in a timely fashion. It is probably already too late.

Yes, they are definitely empowered by the law and I agree, that isn't about to change.

OTOH, a bankruptcy judge is one of the most powerful people on earth and can certainly act to bring some reasonableness to the process.

That's why I believe bankruptcy is the correct way for the Big 3 to handle this situation. It would serve to allow a judge to look at the contracts -- and he'll instantly see that the companies are not viable without rolling back the unions -- and he'll do just that to make the companies viable, IMO. It is probably also the reason Pelosi is saying, "Bankruptcy isn't an option" -- she knows what the impact on the unions would be.
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