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To: smallbiz
If we bail them out, they will produce more cars and lose more money.
Agreed. And they'll be five years behind what the Public wants/needs. And it'll be shoddily made.The worst I see is the government muscling in with their demands as the Lender, and we'll get real cruddy small Eco-cars (which won't sell). One sidebar-Isn't Chrysler owned by Daimler-Benz, why are we bailing out a foreign company?
210 posted on 12/16/2008 3:30:11 PM PST by Aut Pax Aut Bellum (Well, at least we'll probably get another holiday out of the deal.)
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To: Aut Pax Aut Bellum
One sidebar-Isn't Chrysler owned by Daimler-Benz, why are we bailing out a foreign company? "

It's all about jobs. If Americans are not working, they are not buying. The interest rate to banks is irrelevant. Washington is on the wrong track. There is no recovery without a job recovery.

212 posted on 12/16/2008 3:58:37 PM PST by ex-snook ("But above all things, truth beareth away the victory.")
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To: Aut Pax Aut Bellum

“One sidebar-Isn’t Chrysler owned by Daimler-Benz, why are we bailing out a foreign company?”

I’m not exactly sure how it happened, but my understanding is Daimler-Benz bought Chrysler raped the company of most of its value then spun it off to a private investor.


214 posted on 12/16/2008 4:26:52 PM PST by smallbiz (Palin 2012)
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