If Chrysler was allowed to file for bankruptcy when the credit markets were still shutdown, only thing we would be talking about is liquidating Chrysler's assets. You have to remember 8 billion dollars is a drop in the bucket to the government look here at the waste during the war in Iraq.
. Don't be mad at Obama he just inherited a mess he didn't create the mess. What about management like Tom LaSorda, the management of Daimler Benz that actually drove the company into the ground. What did Obama have to do with the bland vehicles that Chrysler produced. You have to remember this is a long term turn around not over a few months. Shockwave I'm not trying to make this a political discussion but what don't u like about Obama and his leadership( u can pm so we keep this on topic). I believe Dodge will come out with better products because of this merger.
Oh man you need to do your research. I can understand the need for optimism but there is a real need to seeing it for what it is. The Obama Gov backed by the liberal power is behind the failures of GM and Chrysler. They could still make the cars they have without retooling but the new “global warming agenda” has killed the US car market. It is too expensive for them to meet the new ridiculous demands.
We all know that the Unions are behind the failures just like our politicians are. The UAW gave the Obama DNC 1 billion for campaign contributions. Now as the new administration is regulating EVERYTHING they have removed oversight on the union dealings!? What does that tell you?
I find it funny that you even brought up War spending. What is that 500 billion over how many years…. Obama has made the Bush white house look like school kids, they have spent and pledged over 13 TRILLION!!!!!! And look what it has done man, -nothing. Everything is still failing and no one can show me numbers that anything is turning around.
Obama leadership, can you say the biggest power grab in American history? Cap and trade, national police force, impending high taxes, gun control on the horizon, unending spending. Remember the bailout? What ever happened to transparency in government when he forced 700 billion to be signed without 1 person reading it? Then he took off with his wife for days then returned to sign it.
Nation healthcare is very much connected to the car company’s failure. As when the union dies and 3 million have no health care will be his event for implementation.
I recommend reading the 1000 year leap and see the connections to what is happening.
GM is next. If we had an economy thread I can lay it out how the Gov knows all it is doing is still going to fail. They are just placing themselves in positions to pick up the pieces.