We could send her in to sell those corporate jets, the car executives flew in, to the meetings in DC.
I just watched a broadcast of Charlie Rose on public TV - about the car industry bailout(s) and boy was it depressing. It seems to me, Chapter 11 would give the industry a bit of time to regroup, get new *&^%^&* management, negotiate new union contracts and supplier contracts, etc. etc. I sense, that unless they change the boards and the management, they will go deeper in to the dark hole. I learned lots about the dealer contracts with each car company and how difficult and expensive they are to get out of.... You just cannot close a dealership. From what I heard, the only way to close some dealerships and stop selling some of the hogs they produce, is to go into Chapter 11.
I respect Charlie Rose, for some reason and hope that what I saw just now, was not faulty information. He had two spokespersons on - I liked both persons, but seem to think the bailouts would be just a waste of taxpayers money at this point.
I think the car industry, including the foreign cars and manufacturers, is/are on the edge right now and within the big three here in the USA, their edge has been near for a long, long time. Who didn't expect this?
I am sick just thinking about the number of jobs that will be lost no matter what direction this mess goes..... jobs, homes, educations, retirements. It isn't going to be pretty.
Its a good thing I work 5 days a week and don't get to see the news each day or I'd be suicidal by now.
We all have to be grateful for what we have, however much.
Ugh x 1,000,000 ...... here is the link to the interview
http://www.charlierose.com/view/interview/9591
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