Would you invest in the NEW Chrysler…or buy one of their new cars?
OK. So I am confused. Will Chrysler, which was once one of the centerpieces of the American automobile industry, do anything or say anything in an attempt to stay afloat? Yes! Will President Obama do anything or say anything in an attempt to give more power to the federal government over business and our free enterprise system? Yes! Will the federal government share power with the AFL-CIO in the manufacturing of automobiles? Yes!
Chrysler is bowing and scraping to our government hoping they will be saved again from bankruptcy. They were saved before, a few decades ago, but they did not change their methods of operation obviously and are now in the same situation. Will they change this time or did a whole bunch of taxpayer dollars disappear down the drain for nothing? Part of Chrysler’s deal making is allowing the federal government to run the company, a move that is sure to make them viable again. After all, it stirs confidence in all of us that all those government legal eagles are going to be designing the automobiles of the future.
In their defense the company is making sure that the people that have invested in Chrysler over the past decades do get a return on their investments – a huge 1% of total dollar value of those investments. Well at least they didn’t get shut out completely. And those same investors can take heart in the fact that 55% of the company is being GIVEN to the AFL-CIO. Does this mean that Gettelfinger will be on Forbes richest businesspersons list next year? Who is Gettelfinger? He is the head of the AFL-CIO, and he was quoted as saying that union members were the ones taking the biggest risks in the Chrysler reorganization. But Mr. Gettelfinger should be excused for his missteps considering that he is under a great deal of pressure these days, what with making public policy and working with President Obama in the dismantling of contract law in this country.
OK. So I am confused. Will Chrysler, which was once one of the centerpieces of the American automobile industry, do anything or say anything in an attempt to stay afloat? Yes! Will President Obama do anything or say anything in an attempt to give more power to the federal government over business and our free enterprise system? Yes! Will the federal government share power with the AFL-CIO in the manufacturing of automobiles? Yes!
Chrysler is bowing and scraping to our government hoping they will be saved again from bankruptcy. They were saved before, a few decades ago, but they did not change their methods of operation obviously and are now in the same situation. Will they change this time or did a whole bunch of taxpayer dollars disappear down the drain for nothing? Part of Chrysler’s deal making is allowing the federal government to run the company, a move that is sure to make them viable again. After all, it stirs confidence in all of us that all those government legal eagles are going to be designing the automobiles of the future.
In their defense the company is making sure that the people that have invested in Chrysler over the past decades do get a return on their investments – a huge 1% of total dollar value of those investments. Well at least they didn’t get shut out completely. And those same investors can take heart in the fact that 55% of the company is being GIVEN to the AFL-CIO. Does this mean that Gettelfinger will be on Forbes richest businesspersons list next year? Who is Gettelfinger? He is the head of the AFL-CIO, and he was quoted as saying that union members were the ones taking the biggest risks in the Chrysler reorganization. But Mr. Gettelfinger should be excused for his missteps considering that he is under a great deal of pressure these days, what with making public policy and working with President Obama in the dismantling of contract law in this country.
Some questions: What is the government going to do next to protect ‘our’ investment in the American auto industry? Is this protectionism going to extend to imports and exports? Or to renegades like Ford Motors who wouldn’t fall into lockstep with Chrysler and GM under the president’s grand scheme? Perhaps there will be incentives for the people of this country to buy Fiat. After all it was recently said by a U. S. government official that the Alfa Romeo was the BMW for the common man. And he should know, being an expert in the automobile industry now.
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