GM, Ford & Chrysler to go into Bankruptcy?

At this time, the situation doesn't look good for the "Big Three" bailout from Congress. Perhaps our Congressional representatives shouldn't bail out these corporations anyway. The re-organization Bankruptcy proceedings would force upon the Big Three would probably be economically healthier in the long run for all of us despite the loss in jobs that would ensue as a immediate result. Re-organization would force our domestic automakers to be more efficient in their manufacturing models and allow them to select their most successful car models and drop those that aren't so successful despite any owner loyalties. The end result would be leaner, more competitive corporations that could meet Toyota, Nissan and Honda on far more even footing within our domestic auto market. My next postings will detail my estimation on what a re-organization would look like as applied to each of our domestic car makers.