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 - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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