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To: butschi2 who wrote (165156)	11/19/2008 8:08:44 AM
From: Think4Yourself	Read Replies (3) \| Respond to of 306849

You understand what the situation is, unlike many of the people who are pushing for bankruptcy. People conveniently ignore and/or don't understand how interconnected the suppliers are, and the suppliers are the real problem. The supplier payments are currently on the back end, with long delays. If even one major supplier starts demanding COD (front end payments) because of bankruptcy, it's all over. $25 billion isn't enough to change from back end loading to front end loading. Now if the government wants to give the automakers $100B to declare bankrupty, that's different. Dodd asked the automakers why they didn't favor bankruptcy. Nardelli said he was convinced that people wouldn't buy their vehicles, even with government backing. Dodd asked him why. Nardelli replied that when Chrysler's owners last announced the firm was up for sale, sales immediately tanked 37%. This problem is an order of magnitude more complex than Senator Shelby realizes. He was sitting right there next to Dodd, and heard the expanations, but for some reason it just didn't register with him. Maybe he has a hearing aid with a dead battery? I was surprised to hear that GM has so many vehicles with 30+ MPG. Hadn't known there were so many.

To: butschi2 who wrote (165156)	11/19/2008 9:05:41 AM
From: bentway	Respond to of 306849

The Brits tried to save British Leyland in the '70's and '80's, based on the same arguments you're using here. It didn't work for them, because the Brits built crap cars, continued to build crap cars and still do. Even our cars are much better, today. iht.com But our cars suffer compared to the Japanese, and now the Koreans and probably soon, the Chinese. A bailout won't change that. Let them go BK, get lean, and if they survive, great. They've had plenty of chances to learn, from the sixties to now, and they just seem incapable.