and "we the people's perspective" is most do not understand bankruptcy proceedings! The media interviews workers and the workers say "we" cannot let the auto makers fail.
The auto makers have already failed. The unions are sucking up and supporting management's hand out for free money. They do not understand....or do not want to understand the way it has been done has to change. TYhe only way it will change is if they go into chapter 11. Get rid of the same old boys that will contionue the same old running of the business...same old union gets big pay checks for not doing enough....
I wonder what the rank and file would choose if offrered a job with a newly organized...non union company...committed to make a better quality....lower cost car than the competition....and oh by the way they get to remain employed at a reasonable wage.
There is a reason why the foreign owned car companies are doing better than the American owned and operated car companies.
Chapter 11....flush out the millionaire management....flush out the union....establish a reasonable competitivr wage....building a better car...assuring a longer term employment.
The company management and the union need to be to be dumped. Until then....it is the same old same old!!!
The CEO and board of directors have only one objective.....how much they make.....has absolutely nothing to do with the best company making the best products
The irony is a do nothing me first Congress grilling a bunch of do nothing me first executives...
Chapter 11....the enema needed to cleanse the car maker industry.

BTK