Comments on: Senator asks Obama to require Chrysler to payback loan if Fiat takes control

By: zermatt

zermatt — Sat, 24 Jan 2009 03:53:32 +0000

neil,

Your observation is (as they say in the UK) spot on.

I am afraid that the UAW will be allowed to make minor concessions (none to wages) and the greens will dictate product offerings. Chrysler will fail and GM will become a shadow of its former self.

This is what will happen if market driven decision making isn't allowed to happen.

By: ottoau

ottoau — Sat, 24 Jan 2009 01:55:19 +0000

Dont be stupid, they SHOULD NOT pay it back.
If they have to pay it back, Chrysler dies, THE DEAL ID OFF.

The money is to be spent in USA then is no issue

By: neil

neil — Fri, 23 Jan 2009 20:47:33 +0000

Zermatt - you are right the whole thing is nationalization

Just like the British government did with the car industry in England in the seventies.
the unions were rampant and the quality was crap. now 30 years later there is NO mass production in England, except Indian owned Jag and LR and factories that make very high quality Honds'a, Nissan's and Toyota's without the big old unions getting in the way.

Sound familiar

By: zermatt

zermatt — Fri, 23 Jan 2009 19:53:32 +0000

By: ottoau

ottoau — Fri, 23 Jan 2009 17:55:19 +0000

Dont be stupid, they SHOULD NOT pay it back.
If they have to pay it back, Chrysler dies, THE DEAL ID OFF.

The money is to be spent in USA then is no issue

By: neil

neil — Fri, 23 Jan 2009 12:47:33 +0000

By: zermatt

zermatt — Thu, 22 Jan 2009 23:45:26 +0000

We are moving away from capitalism and more to nationalization.

The loans that GM and Chrysler took had strings attached and future payments to these companies will have even more. Think of these strings as payback to the environmentalists and unions that brought the Democratic majority to Congress and POTUS.

I can only hope that Ford remains strong and free of governmental control.

By: Pat

Pat — Thu, 22 Jan 2009 23:17:22 +0000

i agree and these senators hardly know what's going on with the automotive industry anyway so making a call such as this is totally stupid on their part

By: chris

chris — Thu, 22 Jan 2009 22:53:21 +0000

Ok…so we're discriminating against foreign companies now? What kind of capitalist society is that? Not sure if we're even a capitalist society anymore.