Obama tells Chrysler to merge with Italian company or no money

[proudmama]

OK, so the President just wipe his hands of the auto industry and say no more money for you. You can keep your current staff you have and figure it out for youself.

Then what.. The auto industry collapse. Unemployment increases even higher, stock market goes down to 2k points, more businesses file bankruptcy. Then what?

I guess i could go into business with someone to open a soup kitchen, because thats where we are headed with this hands off approach.

[seamusnh]

Originally Posted by vec101

Think we will have any US automakers left?

BTW: A new White House position will be created to oversee the process - Director of Recovery for Auto Workers and Communities.

Hey, a position for Michael Moore. Remember how he went after GM in a movie years ago. I wonder if he speaks Italian?

[seamusnh]

So, if Chrysler merges with Fiat, they can get Federal money.
If Chrysler remains an independent American company, they don't get any Federal money.
I can see how that helps the US auto industry....