Chrysler's first hearing in a New York courtroom Friday morning may offer a clue about whether a quick, "surgical" bankruptcy is possible. The nation's third-largest automaker filed for Chapter 11 bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner, more nimble company.
And now after months on government life support, the federal government has agreed to give this clearly dying company 8 billion more tax payers dollars. I for one cannot stand this.
When Chrysler came out with a vehicle in 1924, they then had to ask the federal government for a loan then, I'm pretty sure that was a sign of things to come. Personally, I don't like the fact that we are keeping a company alive that hasn't made money since 1992, and all they have been doing is asking for federal loans, and the reason for this...corporate greed. The CEO's of these major automakers are getting paid way to much, and the little guy is the one getting fired when the company can't meet their budget.
Cut your loses and head home, sucks for the blue collar worker, but we are Americans and we built this great country on hard work and sweat. We didn't build America on sitting back and just taking handouts left and right and not having any responsibility for our actions. Goodbye Chrysler i don't even think a great company like Fiat can help you now.
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