exactly. he (noblama) did the so call 'chrony" capitalizm he constantly bashes by giving the uaw all the money.
GM and Chrysler needed to go bankrupt thru the proper channels to make things right. to structure settlements with the suppliers and to break the uaw contracts.
I think Sergio Marcheone (sp?) will make a go of it with Chrysler as i think they've already paid things off. GM WILL need another bailout. (someone write that down). nothing has changed or improved. same old business as usual.
The problem with all of them (US, Jap, Korean, european) is society. We are in this information society that wants the latest and greatest and they want it now. SO the automakers are changing stuff every2-5 years. All that design, testing, tooling, ect costs a fortune. thus the cars cost a fortune. My "middle-class" wages haven't kept up with regular inflation let alone the high automotive inflation rate.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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