define('DISALLOW_FILE_EDIT', true); define('DISALLOW_FILE_MODS', true); Comments on: And The Winner Is… https://norunnyeggs.com/2008/12/and-the-winner-is-2/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Fri, 19 Dec 2008 22:58:27 +0000 hourly 1 https://wordpress.org/?v=6.9 By: dad29 https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36774 Fri, 19 Dec 2008 22:58:27 +0000 https://norunnyeggs.com/?p=4185#comment-36774 In reply to steveegg.

FWIW, Chrysler repaid the LOAN early, too! What Bush did was a gift, whether he calls it that or not.

I repeat: Fuck Bush!

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By: steveegg https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36768 Fri, 19 Dec 2008 00:27:44 +0000 https://norunnyeggs.com/?p=4185#comment-36768 In reply to Toren.

The steelworkers, PATCO and NWA mechanics didn’t have a totality of government ready, willing and able to bail them out.

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By: Shoebox https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36767 Thu, 18 Dec 2008 23:03:18 +0000 https://norunnyeggs.com/?p=4185#comment-36767 In reply to Toren.

Or the Air Traffic Controllers or the NWA mechanics.

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By: Toren https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36766 Thu, 18 Dec 2008 22:56:51 +0000 https://norunnyeggs.com/?p=4185#comment-36766 The UAW ought to ask the steelworkers how refusing to budge worked out for them.

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By: Big G https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36765 Thu, 18 Dec 2008 19:40:47 +0000 https://norunnyeggs.com/?p=4185#comment-36765 Great analogy on the high school quarterback!

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By: steveegg https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36764 Thu, 18 Dec 2008 18:45:41 +0000 https://norunnyeggs.com/?p=4185#comment-36764 No one, that is, except the bipartisan Party-In-Government. That is not to say I am entirely opposed to the government providing DIP financing. On balance, however, the fact that the government is now in long-term debt to the tune greater than the aggregate value of all the assets in the country, as well as the general principle that government shouldn’t be in the business of owning business does have to weigh against the chance of Chapter 11 turning into Chapter 7.

As for the bailout, this is more like a situation faced by Studebaker/Nash/et al (and indeed, American Motors post-Renault) than Chrysler in 1979. Unlike that singular event (when Chrysler Defense was the producer of the M-1 Abrams tank), there is no significant defense involvement with the Big Three.

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By: Shoebox https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36763 Thu, 18 Dec 2008 18:07:06 +0000 https://norunnyeggs.com/?p=4185#comment-36763 In reply to dad29.

Without XI, someone will be negotiating without a knife at their neck while others will…that never works. All parties need to feel the edge of the knife for this to work.

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By: dad29 https://norunnyeggs.com/2008/12/and-the-winner-is-2/comment-page-1/#comment-36762 Thu, 18 Dec 2008 14:06:51 +0000 https://norunnyeggs.com/?p=4185#comment-36762 Agreed…Chapter XI is best.

Gummint is the only one who’s big enough to provide DIP finance, so let that happen.

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