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70Chip · 11-20-2008, 01:54 PM

The bailout isn't for the companies. Companies can go into bankruptcy and come out the other side in much better shape. The bailout is for the Union. That's why a better strategy for the CEOs would be to say, "We don't need your money". They should be threatening to file bankruptcy. Call the Democratic bluff. Pelosi and Reid will still be desperate to give them a fat pile of cash anyways because the UAW needs it far worse than the executives do. I'm forever amazed at how politically hopeless these CEOs are, though. It's not surprising that we are in the shape we are.

11-20-2008, 01:54 PM	#27
70Chip Playmaker Join Date: Jan 2006 Location: Manassas Age: 54 Posts: 3,048	Re: Should The Government Bailout GM? The bailout isn't for the companies. Companies can go into bankruptcy and come out the other side in much better shape. The bailout is for the Union. That's why a better strategy for the CEOs would be to say, "We don't need your money". They should be threatening to file bankruptcy. Call the Democratic bluff. Pelosi and Reid will still be desperate to give them a fat pile of cash anyways because the UAW needs it far worse than the executives do. I'm forever amazed at how politically hopeless these CEOs are, though. It's not surprising that we are in the shape we are. __________________ This Monkey's Gone to Heaven