[jfelbab]

You all seem to assume that they will go down for the count if not bailed out. More likely they would file for Chapter 11 protection and continue operating. This would give them the ability to renegotiate all their supplier and employee contracts as well as restructure their debt. This most likely would result in a reduced size but they would continue in a restructured and quite possibly a more economical manner. This doesn't mean that they would not be in business at all. It means smaller, leaner and hopefully on a competitive basis with the imports. I'm against this bailout.