"That's Not the American Way": Chrysler's Bailout and the Road to Ruin

Obama's decision on this legal situation is disturbing

We will not come out of this recession until 6-9 months before the next presidential election. And if you want to get re-elected its a smart strategy. Works well for Obama but he is screwing the American people out there for political gain and the best part for him is he is still blaming Bush on all of these problems for the next 2-3 years.

Japan had america to get out of its problems! Japanese Banks encouraged carry trade to keep their balancesheets okay! japnese companies sold everything to americans ! even then their stock market is down 80% what do americans have to sell?lies and straight lies who is buying anything at that scale to compensate for 60 trillion dollars Depression is here!as with recession it will be diagnosed one year later

Wow Obama's the man soon we'll have his picture & statues in every town square in the nation. Where is the backbone of the American Businessman to take this latest bond security loss to the courts I guess they've sold out and will let the chips fall where they may. Now GM is next will the bond holders collapse like Chrysler's did. All I know is that as a shareholder getting 1 share for 100 means I'll never buy a GM auto again, still have ford shares through so unless I get screwed there I'll still buy a N.A. auto. Good luck America you'll really need it in the next 3 years.

WHATS DISTURBING IS THEY LET MORONS LIKE YOU HAVE AN OPINION

No bailouts! It's like giving a TV to a crack fiend for safe keeping! Let the good succeed and the bad suck it!

Davidowitz is a ranting idiot. No solutions, just ranting nonsense. You can bet that Davidowitz has his lobbyist or his industry lobbyist making every attempt to get laws written to benefit him or get government contracts that make them wealthy. If he thinks he can do it better, then why doesn't he run for office and do it better. Of course not... he's too busy like the rest of Corporate American trying to get rich by stealing eveything they can from Main Street.

POKECZECH, how come your opinion is any better than the one you didn't like? Instead of taking the "cheap shot", take a better approach and explain your position. Why do you not agree with their opinion?

AUW and chrysler control by organize-criminal.

TO THE GENUIS WHO CANT UNDERSTAND WHY AMERICAN AUTO MAKERS DID NOT MAKE ELECTRIC CARS IT BECAUSE THE AMERICAN PEOPLE WOULD NOT BUY THEM. UP UNTIL LAST YEARS FLEECING OFTHE AMERICAN PUBLIC BY OIL COMPANIES EVERY ONE BOUGHT BIG SUVS BECAUSE THAT IS WHAT THEY WANTED!

Dear Mr. President, Take your hand offs and let these companies dying in veins. Do not try to save them. Save your energy and resource on more priorities. Build a modern transist system, grow jobs, improve schools, infrastructures, etc. Their management and unions are crooks and effectively destroy everything under their wings. These companies cannot be save and let a good strong companies grow. Same basic principel apply to finance and everywhere else. Sincerely yours;

Capitalism and free enterprise are the true victims of this fiasco. And in case no one is looking, our Democratic way of life is teetering as well.

You can bet when Chrysler files for bankruptcy, the US govt will be at the top of the list to get paid back, stockholders and bondholders will get nothing. Personally, I think they should have just let Chrysler go bankrupt in the first place. The resources would have been better used to capitalize new companies with new products and new ideas. Obama is trying to save the union jobs but it will be to no avail when the company goes under anyway. Maybe he thinks they will still be around in 3 years to vote for him again.

Who needs the automobile. Before the car and highways, mankind had two feet ( no shoes) and had to walk with mud up to his/her ankles. Is what we are experiencing now called progress? When the demand dries up so will the supply. Then the entire social system will enter into what will be regarded as a complete reversal, things and commodities of long ago will have to be "reinvented". Learning to walk may be one of them. Be brave folks, between golbal warming, decaying eco system and man's inhumanity to man, there would be nothing left.

I'm really confused by you people wanting to blame all this on Obama. Guess you don't do much reading. It was Bush's administation that handing the auto companies billions with no strings attached. At least Obama had the guts to require a plan before receiving more money and forcing them into bankrupcy where they belong. I don't agree the companies should be turned over to the unions. The company clearly belongs to the bond holders. The people who helped destroy the company shouldn't be receiving any of it.

Obama may have cheated the bondholders, but he screwed the workers. They just haven't realized it yet. Even though Obama brokered the deal between Fiat and Chrysler, Obama is going to tell the workers that he wasn't responsible for the job losses and plant closings. GM is 3x the size of Chrysler. Watch what de does to those workers.

The Indian made air-powered car is a joke. Anyone who has a knowledge of science knows that compressed air is one of the least efficient forms of energy. Takes a lot of energy to compress the air, a lot is lost in heat, and cumbersome to store.

Howard tells it like it is... America is becoming Socialist Europe with one step away from South America... I thought Aaron was going to cry he was so sad... he has such a tingle up his leg for the Bamster obama.. The moochers, takers and non producers who voted for b. HUSSEIN obama can't quite see this tool obama is just PAYING OFF his supporters... Notice how obama just doesn't even care??? The man is a SOCIALIST and hates America like Michelle... she even said I WAS NEVER PROUD OF AMERICA IN MY ADULT LIFE... great first lady.. blame America first goon... Obama is a DISASTER, RUINING AMERICA..... 10 trillion in debt... and keeps printing more.. POS OBAMA

Bond holders get screwed. Threatened with public humiliation and the union runs through. Surely surely surely illegal, somewhere, somehow. Makes the equity markets super high risk.

He said "big unions and big government". What planet is he on? Unions have been in decline for decades and our government is so small it is ineffective.