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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (594100)11/23/2010 11:53:06 AM
From: Jim McMannis1 Recommendation  Read Replies (2) | Respond to of 1580448
 
RE:"The only reason Obama went outside the Constitution and bailed out GM was to save the union contracts from bankruptcy court jurisdiction. Like most companies, there was every indication that GM would have thrived under a Ch 11 bankruptcy reorg."

Exactly. And as long as he did that we'll never be able to compete on a world scale.



To: Bill who wrote (594100)11/23/2010 12:02:43 PM
From: jlallen  Respond to of 1580448
 

His point was that a Chapter 11 doesn't send millions of claims to the unemployment office, as you asserted.

Absolutely correct, amigo.

The only reason Obama went outside the Constitution and bailed out GM was to save the union contracts from bankruptcy court jurisdiction.

Yep. It was disgraceful behavior. And it guarantees that GM WILL fail again.


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