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Companies have gone through Chapter 11 and come out of it before. Chapter 11 gives companies the ability to re-write contracts. Why do the Democrats not want this to happen -- because it'll break the back of the unions. Without re-writing those contracts it's a bail out to just give them more time to ship our jobs overseas.
I'd be more open to a bail out of the auto industry if they forced whoever gets a bail out to have to employ Americans at 80% their work force, including their vendors in future contracts.
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