If a business or a business model cannot sustain itself then Bankruptcy allows it time to re-evaluate, make the necessary changes, get lean and efficient again, restructure debt, and give it another shot….along with PUTTING EVERYTHING OUT ON THE TABLE to see what is really going on…..
If a UAW worker does not want to accept a pay cut then he or she can go get another job somewhere…this is happening everywhere right now…
If an executive at GM and FORD does not want to take a pay cut then they can find another job.
Too much fat in these organizations…they need to BK and clean house and start fresh….
