Why Don’t I Run the Media?
There are roughly 130,728,360 taxpayers in the United States.
25,000,000,0000 divided by 130,728,360 is 191.23.
So what Detroit is asking is that every American taypayer, rich or poor, be forced to give them $191.23 so they can continue to make shitty cars.
And now Nancy Pelosi is saying it’s going to happen. To quote: “I think it’s pretty clear bankruptcy is not an option.”
Can someone please explain why?
Chapter 7 is when you liquidate a company. So far, nobody is talking about that.
Chapter 11 is for reorganization of a company. It’s been in place for ages. Instead of talking down to the public, perhaps Ms. Pelosi could explain why it’s so obvious it’s not an option?
December 21st, 2008 at 5:07 pm
Because the union workers have a ‘right’ to a job, whether or not they make shoddy garbage. They also don’t want to see the major carmakers go into bankruptcy, because then , the union contracts can get renegotiated, and they simply won’t get the unrealisitcally good deals they are getting now. Poor them.
December 21st, 2008 at 5:07 pm
Because the union workers have a ‘right’ to a job, whether or not they make shoddy garbage. They also don’t want to see the major carmakers go into bankruptcy, because then , the union contracts can get renegotiated, and they simply won’t get the unrealisitcally good deals they are getting now. Poor them.