Thursday, December 18, 2008

Wouldn't Chapter 11 be better?

Did you ever wonder why the Big 3 are in trouble. Maybe it is because of decisions like this: Autoblog reported Chrysler is shuttering all of its plants for one month, beginning December 19.... Chrysler plant workers will have a really, really long Christmas break at 95% pay. So they stop making cars, but keep paying their workers 95% of what they would pay them if they were making cars. And they wonder why they are losing money. And want the government to give them a lot of money while they try to figure out why they are losing money. Wouldn't Chapter 11 be a better idea?

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