[ken21]

there are numerous other problems with the big 3 undiscussed here.

for example, for decades in car mags and in newspaper articles,

people criticized the huge bureaucracies in the auto industry.

welfare for the unions, welfare for management.

no, you don’t know what you’re talking about the auto co’s said.

and they continued to make cars that people didn’t want.

here look at our super concept car! but buy our pos.

i don’t feel sorry for the big 3.

chrysler should not have been bailed out.

[Spktyr]

Eh.. I think the Chrysler “Bailout” was actually not a bad idea at the time, as Chrysler was, at the time, a critical defense contractor (they made our main battle tanks).

The other reason the Chrysler bailout wasn’t a bad idea was that Chrysler showed up to ask with a clear business case, clear business plans, and competitive/comparable new product in the pipeline. GM and Ford at this point have none of the above. Chrysler said “We have a plan, we have product, we just need a little time and money to fix our problems.” GM and Ford are saying “Give us money and by doing business as usual we will fix our problems.”

Also, don’t forget that Chrysler was required to divest themselves of all but their core car business as part of the terms of the bailout. GM and Ford 1) don’t make any critical defense industry product, and 2) don’t have any non-core businesses left to sell.

[MaxMax]

chrysler should not have been bailed out.

I have to agree, but they played into politicians hands and they're still being padded for it. IMO.
Unions should be left to destroy the companies they shake down.
It's a good way to get rid of the corruption.