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 - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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