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Old 04-30-2009, 02:07 PM   #5
JohnnyD
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Join Date: May 2008
Location: Mansfield, MA
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You stating that "Most are now on the brink of closing I'm sure" is not fact based, merely speculation.

I think you might be a bit confused as to what is actually happening.

Chrysler is not closing their doors. Economists are actually predicting that more people will benefit from the company filing bankruptcy and restructuring than if they continued down the road they are on.

Sure, companies are owed substantial amounts of money. However, you can't get water from stone. Chrysler doesn't have the money and no way to get it. The Debtors decided they didn't want to restructure the payment agreements to eventually get their money back, now they'll only receive what's left over after the bankruptcy hearings.

If they didn't file bankruptcy, the government would be giving them another blank check.

You position confuses me. You don't want to pay to save 60 teacher jobs in the town that you live in, something that has a direct effect on you and your kids. But you want to pay to save a company with a failing business model, where the effects of them failing will go largely unnoticed by you personally.

I think you're setting yourself up for another "I told you so" by me.
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