Much to my surprise, it looks like the imbeciles running congress (and Obama and Bush) have realized that giving the Big Three $25B is the financial equivalent of flushing it down the toilet. Please understand, I do hate unions (indeed my wife is a member of one). Nevertheless, a bailout will require the following:
- Bankruptcy – this will allow the big three to cancel their union contracts and rehire workers without legacy costs (Retiree Healthcare).
- Restructure their plans to a word dominated by cars – not SUV's.