Kahuna for Congress!!

However remote the chances are for these ideas to work, what we DO need is creative thinking. BTW, I don't think liquidation is a forgone conclusion. Ch.11 is for reorganization and perhaps under the hand of a smart turnaround guy the companies would have a chance, e.g. Chrysler and Iacocca.

I realize times are different now, but unique challenges call for unique ideas and thinking out of the box. It would also require the unions to take what they can get so to speak.

I regret the situation with the pensioners, but it wouldn't be the first time this happened. Take Polaroid for example. Great company, great product, great benefits. Many folks gave their whole working lives to that company only to have it all go up in smoke as the big wigs made lots of bad decisions. Result, bankruptcy, all pensions lost. Many folks who were retired had to go back to work as a result of this debacle. Meanwhile, the execs were re-appointed by the BK court to reorg the company at stupendous salaries. They should have gone to jail instead.

The Big 3 have been completely stupid in their marketing and design. While Toyota, Honda, etc. have been working on their eco-cars Big 3 have been continuing to guzzle gas. I have little sympathy I'm afraid.