Dodging the issue

Watched the Detroit CEO's (Waggoner of GM, Mulally of Ford, Nardelli of Chrysler, and Gettelfinger of UAW) on TV, in front of the Senate banking committee, begging for a bailout. They all talked, about how hard their companies had worked, how dreadful a bankruptcy would be, how just another $25 billion would save them, how much the union had given up.
None of them mentioned the $75 an hour, plush medical and cushy retirements the UAW workers enjoy, and how Toyota, Honda, and BMW pay $25 and hour less. No one mentioned the fact that Detroit's Caliber, Focus, and Cobalt don't sell as well, and don't sell for as much money as Corolla and Civic. Detroit's designs are less desirable, and it's reputation for quality has still not recovered. No one, not even the Congressmen running the hearing, dared to say a harsh word about brain dead management and overpaid workers, the real problem in Detroit.
This taxpayer was left with the impression that another $25 billion would just stave off the inevitable bankruptcy for a matter of months. The domestic car makers cannot survive with more expensive labor and less desirable products. Why waste $25 billion? Do the bankruptcy, get the labor costs down to what Toyota and Honda pay, lay off the suits, drop the poor selling models, dump the excess dealers, cancel the golden parachutes, and get some decent cars into production.
The reason the Detroit suits are begging for my money is simple. The banks won't lend to them any more 'cause the banks figure they are headed for Chapter 11, which means the loans don't get paid back. I think the banks have it right.