Red Hat 7.1 refuses to boot

This is what I get when trying to boot the server:

INIT: Entering runlevel:3
INIT: Id "1" respawning too fast: disabled for 5 minutes
INIT: Id "2" respawning too fast: disabled for 5 minutes
INIT: Id "3" respawning too fast: disabled for 5 minutes
INIT: Id "4" respawning too fast: disabled for 5 minutes
INIT: Id "5" respawning too fast: disabled for 5 minutes
INIT: Id "6" respawning too fast: disabled for 5 minutes
INIT: No more processes in this runlevel


Also I tried running chkconfig and ntsysv to check the startup files and I
got this:

Failed to open /etc/init.d
No such file or directory

does anyone have any ideas on how to fix this so the server can boot again?