Wednesday, March 4, 2009

The Illusion Of Saving GM and Chrysler

The Illusion Of Saving GM and Chrysler

Is this guy's job or family more important than yours? Then why are we as taxpayers going to subsidize his right to earn a total of $74 an hour in total compensation?
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"Look, we're too big to fail. They've got to give us whatever we ask for without asking any questions. Don't worry about a thing Wagoneer."
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These people are celebrating ripping us off. Wouldn't you?
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Good job guys. If you would have went into bankruptcy I might have thought you were in FINANCIAL TROUBLE and not bought a car from you. But given that you only need a $20,000,000,ooo (billion) taxpayer infusion every 3 months I consider you as strong and viable as any company in the world right now.


General Motors and Chrysler Restructuring Still in Limbo

The government expected GM and Chrysler to have their restructuring plans and major concessions complete by February 17th. The Automakers and UAW did not get to work until a few days before the deadline. Little has been accomplished before or since.
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