D Day

Tomorrow is the day that GM and Chrysler are to present to Congress their "plans" for how they are going to restructure their companies and become profitable. It should make for interesting theater, if nothing else. But does anyone really believe, short of a forced bankruptcy - which would facilitate their ability to close dealerships, kill some brands and make the UAW see reason - any of these restructuring plans will work?

With the car industry currently in a free-fall, you would think this might prompt some quick, decisive action from Congress.

Who am I kidding? My guess is they get a six-month extension.