tag:blogger.com,1999:blog-6239694080870817712.post2189677718085702867..comments2024-03-01T01:07:13.368-07:00Comments on No, but seriously: Chrysler to America : "Screw You"Steven Pricehttp://www.blogger.com/profile/01856604112181023270noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6239694080870817712.post-21547058405077326292009-01-07T08:02:00.000-07:002009-01-07T08:02:00.000-07:00That's true, but I still don't agree with rewardin...That's true, but I still don't agree with rewarding them for shoddy practices. Look at GM for example. As soon as they had the bailout, GMAC starting offering 0% financing again. That's giving away money, which is no way to run a business. They haven't learned, and they won't learn until they're forced into receivership. Mark my words - come the middle of the year, all the big three will be going cap-in-hand to the government again asking for another bailout because they'll have squandered this first one.Chrishttps://www.blogger.com/profile/15322134770888868709noreply@blogger.comtag:blogger.com,1999:blog-6239694080870817712.post-50014578940577715542009-01-06T20:43:00.000-07:002009-01-06T20:43:00.000-07:00Interesting article, but there is one point that I...Interesting article, but there is one point that I think a lot of people miss about the auto bailout. Even if we let them fail and go into receivership, the federal government will still be out billions. Why? Because the union autoworker pensions are insured by the federal government. Look up the Employee Retirement Income Security Act of 1974 and the following laws modifying it. A significant portion of the bailout money is being used to pay pensions of retired auto workers. If Chrysler and GM were to fail, the taxpayer would end up paying these pensions anyways.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6239694080870817712.post-35083514763017768852009-01-03T02:26:00.000-07:002009-01-03T02:26:00.000-07:00Seriously, why would they want to make a better ca...Seriously, why would they want to make a better car, especially when the government and hence the people are ready to fund them for their failures.<BR/>Its like giving a snake some more mice, its not going to change its food habits. Not giving it mice might make it consider alternatives.<BR/>(aplolgies to all snake/mice lovers)Anonymousnoreply@blogger.com