Chrysler declares Bankruptcy

[Malice]

Well Chrysler has declared Bankruptcy
--LINK--

You know, I am pissed the Federal Government is "forcing" them to join with Fiat.

 

[hippie_hunter]

After all that money we gave them and the government still let them go into bankruptcy. This just pisses me off. If they were going to go into bankruptcy, we might as well have not given them the money.

 

[Malice]

They should have told Chrysler, go into bankruptcy BEFORE we hand you money...not after.

 

[Kelly]

Bankruptcy is not an opition...

Yeah......right.

 

[Raiden]

I think Chrysler (and other automakers) were given bailout money in an effort to keep them out of bankruptcy, and they had assumed with some support they can right the ship. But now it became apparent that more money will not be able to save those companies, so the Feds had to stop the bailout. I think the money probably shouldn't have been given to the automakers to begin with, but it will be perceived as letting them collapse without offering the same help we have offered to the banks.

 

[chaseter]

What a shocker....NOT [/Borat]

 

[Addendum]

What a shocker....NOT [/Borat]

Borat: What a not shocker.
Humor Coach: Not what we intended, but that could work

 

[Kelly]

I think Chrysler (and other automakers) were given bailout money in an effort to keep them out of bankruptcy, and they had assumed with some support they can right the ship. But now it became apparent that more money will not be able to save those companies, so the Feds had to stop the bailout. I think the money probably shouldn't have been given to the automakers to begin with, but it will be perceived as letting them collapse without offering the same help we have offered to the banks.

Yeah it wasn't like there were economists right and left saying...."There is not enough money to get these car companies out of trouble, let the free market take its course and have them reorganize" or anything....and those same economists saying the same thing about the banks.

It might be time to listen to those economists.....he needs to pull out the CATO list, and give some of them a call.

 

[Addendum]

oh it's cato with "C".

I thought it had a "K" like

the above dudeman.

And then I'm left to think "The moocher from the OJ trial started an institute? The F***?"

...Please insert tongue in cheek while reading this post again...

 

[Kelly]

Haaaaaaaaaaaaaaaaaaaaa.....

No, its the list from the CATO institute that dox provided a while back...

 

[Addendum]

Gotcha. I just can't avoid cheap jokes. It's like cadillacs for grandma.

 

[Kelly]

I ain't payin you nuttin for that one....

 

[Addendum]

They'd have to pay grandma to drive one now

 

[Hypestyle]

now that the US gov't has stakeholder ownership, they must demand that GM and chrysler both radically reorganize their priorities-- alternative fuel cars and electric cars can no longer be a back-burner issue-- they must be able to start producing these cars in the immediate future--

also, GM and chrysler must be forced to get on board with mass transit development for american cities-- starting with their backyard of detroit and greater michigan.. next-generation buses, street-cars, light-rail, heavy-rail, sky-trams.. these projects can use engineers and line workers to develop and implement these systems..

 

[Matt]

now that the US gov't has stakeholder ownership, they must demand that GM and chrysler both radically reorganize their priorities-- alternative fuel cars and electric cars can no longer be a back-burner issue-- they must be able to start producing these cars in the immediate future--

also, GM and chrysler must be forced to get on board with mass transit development for american cities-- starting with their backyard of detroit and greater michigan.. next-generation buses, street-cars, light-rail, heavy-rail, sky-trams.. these projects can use engineers and line workers to develop and implement these systems..

The government has stakeholder ownership and must demand something of two of our country's older manufacturers. No, we're not becoming a socialist state at all.

Also, electric cars and alternative fuel cars are not being pushed through for a reason...do you know what that is? No one wants them. Sure, people say they do when gas is four dollars a gallon, but the second gas went back down to even 3 bucks a gallon, SUV sales went through the roof and people pushed Hybrids to the side. As long as people can still get regular, gas burning cars, there will not be a market for what you mentioned. The government forcing production on GM and Chrysler will only ensure further financial woes.

Finally, Does any one remember this? (watch first 45 seconds or so)

 

[Kelly]

So now we have the unions sitting across from "the unions"? working on a reorganization? hmmmm.....

 

[BlackLantern]

I have to agree with Matt on the hybrids.....the American public, en masse, doesn't care if the care they want to buy is fuel efficient or not

 

[bell110]

The government has stakeholder ownership and must demand something of two of our country's older manufacturers. No, we're not becoming a socialist state at all.

Also, electric cars and alternative fuel cars are not being pushed through for a reason...do you know what that is? No one wants them. Sure, people say they do when gas is four dollars a gallon, but the second gas went back down to even 3 bucks a gallon, SUV sales went through the roof and people pushed Hybrids to the side. As long as people can still get regular, gas burning cars, there will not be a market for what you mentioned. The government forcing production on GM and Chrysler will only ensure further financial woes.

Finally, Does any one remember this? (watch first 45 seconds or so)

God damn Fox News. Quit acting like this is all the Democrats fault.

 

[Addendum]

Exactly. There's plenty of blame to go around

 

[Kahoot]

Chrysler had no nice looking cars anyway but they owned Dodge does this mean Fiat will make the Vipper? http://upload.wikimedia.org/wikipedia/commons/1/15/Draginline_waiting.jpg

Also I saw this news on ABC news in the middle of the night, can Americans not say Fiat right? They say it like Fee-at, it's just Fee-it over here.

 

[Matt]

God damn Fox News. Quit acting like this is all the Democrats fault.

Exactly. There's plenty of blame to go around

The fact is, this is the Democrats fault. They dumped billions of dollars into Chrystler. No one else. They made the pledge not to let them go bankrupt. No one else. Then they let them go bankrupt essentially flushing billions of tax payer dollars right down the toilet. How Chrystler got into this position has plenty of blame to go around, but wasting the money is solely on the Democrats.

 

[bell110]

I thought it was pronounced Fy-ot.

 

[bell110]

 

[bell110]

http://www.youtube.com/watch?v=1N5kRVfmMoE

How do you put youtube videos in your post?

 

[donk70]

How about all of Chryslers vendors who'll be affected by this? The debt that they owed was staggering and now the vendors will only get a portion of what's owed to them, if any.