Posted on 06/08/2009 9:42:25 AM PDT by St. Louis Conservative
Can't post due to copyright agreement. Here's the link.
Chrysler executives still hoped to avoid bankruptcy. The UAW had ratified a second round of concessions that froze wages, cut retiree health care benefits and agreed not to strike the company for more than six years. All but a handful of lenders had signed off on the U.S. Treasury's offer of $2 billion to write off $6.9 billion in Chrysler loans.
Reluctantly, however, the leaders were recognizing the harsh decision Rattner made weeks earlier: Chrysler was filing for Chapter 11, no matter what.
Rattner had met with Ron Kolka, Chrysler's chief financial officer, and told him how it would go.
I like how Bob Woodward, Dan Rather, all these truth to power types are nowhere to be found.
Our family has bought Mopar for the last three vehicles. I have no idea who are next car will be made by. It certainly won’t be a Chrysler or a GM..
Obamaloon czar checklist:
1) Is it unconstitutional? Check
2) Is it completely idiotic? Check
3) Will it hurt the country? Check
4) Will it help the dim-bulb-crats to steal the next election? Check
5) Could a high school grad (private school, of course) immediately see through the complete lack of logic? Check
6) Is the chief of this project chosen for a complete lack of competency in this area? Check
Good! Let’s go for it.
Signed, President ObamaLOON.
When I see an article about “bankruptcy” being sourced from a DETROIT paper....wel, the word “Schadenfreude” comes to mind.
Imagine the mental gymnastics they go through to rationalize their faux courage.
I keep pointing out the same with the Question Authority button wearers whose buttons changed at noon on January 20, 2009 to Accept Authority.
Don’t know if you saw this one ...
http://www.businessinsider.com/new-emails-reveal-the-chrysler-fiat-forced-marriage-2009-6
Wonder what the Supreme Court will do with this. Bankruptcy is covered by Federal statute. I don’t see how actions taken ad lib by the White House can survive judicial scrutiny.
that’s what a Czar does, he calls the shots
(give a man an inch and he thinks he’s a ruler...)
I adjusted my button accordingly, see my tagline...
Us to have been long, long time GM buyers. Last Friday we took delivery of a brand new Honda Accord coupe, V6,(Damn the enviro’s), built by non-union Americans in Marysville, Ohio. Damn nice car.
Way to go, Biff. I’m on my 2nd Accord in 21 years and pretty soon to have a 3rd. Hope you enjoy yours, mine have been everything I could have wanted for the money and more.
It is actually wifey’s new car. Her old one was a 91 Accord EX with spoilers and gold trim, black paint, with 190K on her. Nice car but she is getting kinda tired. I will keep her to drive around town and save mileage on my F150 with a 302, which will probably become a thing of the past shortly.
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