One day Obama says Chrysler is going bankrupt, will reorganize and come back stronger than ever, and calls on everyone to “Buy America” so that our automakers can be saved. The next day Chrysler files for bankruptcy, and announces that it is going to sell most of its assets to Fiat, an Italian car maker. How is purchasing an Italian car “buying America”?
Their UAW workers will be paid to loaf, but take a guess what is happening to the supply base and dealers. I heard we are putting another 85 people at my plant out for the duration, on top of hundreds already gone. That's going to be multiplied across the industry. Those monthly unemployment figures are going to be spiking up from this event alone...