[quote=SD Realtor]Aside from FIAT, (which by the way I think either Chrysler or GM paid a serious lump of money to GET OUT of a deal with them) the biggest scare to me is that this is our government. Seriously our government and the united auto workers union running a company. GM is not far behind.
Seriously, does anyone think that if the government would have let the company reorganize without any intervention that things would not have taken care of themselves.
Does anyone really believe the company will operate efficiently now with the owners? Lets see… medicare, social security… hmmm… call me skeptical but I don’t believe the government can even run themselves efficiently. Does anyone really believe that they and the uaw will run the automakers successfully? Doesn’t anyone have any concerns at all that the entity WE ALL PAY OUR TAXES TO now runs an auto firm?
Seriously… this is scary sh-t to me. [/quote]
That poison pill (in hindsight poor choice of words) I was referring to was that Chrysler is trying to force this merger to go through by adding conditions that if it didn’t they would have to comp Fiat for the breakup. Kinda sweet deal for Fiat…I guess I meant more of a poison pill for the existing Chrysler creditors trying to thwart the merger.
As far as can the U.S. government run a car company efficiently. Sure, as efficiently as the U.S. Postal Service….Oh wait….never mind…
The way I look at it…The worst thing that can happen is the Fed runs Chrysler(and Fiat) and GM into the ground. But that won’t happen because to make up for lost sales, the Fed will just budget in replacement vehicles it needs for the Postal Service, government workers,etc and then purchase them from the companies that it owns, courtesy of our tax dollars mind you.
Must be kinda cool to work for the U.S. government.
You’re soon to get a GM/Chrysler car, insurance from AIG, and free checking from Bank of America or Citibank.
Oh well, we’re on our way to socializing banking. Now we’re on our way to socializing manufacturing of cars. Next up, high tech…Pretty soon it will be “Fed Inside” on your PCs.
