Buy American they would Cry…but now most Definitely—would NOT buy there products now new or Used!! Think about the people whom currently own Chrysler products.
Could they or will they pay higher for parts to repair due to import taxes?

Reported on national news yesterday:
That if there is a defective part that could cause or has caused bodily injury, disfigurement and or death. There will be no more massive recalls as in the past to correct it.
Because all owner’s that operate a dodge trucks, Chrysler autos and or Jeep products no longer have any recourse to stand on, for any type of liability or law suit!!!

Because Chrysler had been exonerated from any and all liabilities in the bankruptcy process and now is ‘Free and Clear’ of any responsibilities whatsoever to the consumer.

I see your point.

Wow! What a mess we are in.

But, we have been in worse shape in the past and pulled through. I am saddened when corporations fail. Not just for the job losses but for the dream losses. On one hand I ‘cherish’ capitalism, on the other, a strong, supportive and caring government. I guess even my own house is divided.

How do you think a corporation can pay its workers and its shareholders (many of whom are pensioners) if they do not make a profit? Have you ever managed a business and needed to pay salaries, taxes, and other expenses?? Corporations make a profit not just by printing money, but by selling reasonable services, as GM and Chrysler are finding out the hard way, and that often helps benefit others.

Governments are being “bailed out” all the time by corporations, because they are partially financed by corporate tax dollars (which the consumer pays for in increased product costs to pay those taxes).

Government has a job to do, and they should deserve to be paid enough for it, but the taxpayer (and the Chinese bond-holders who buy US government debt and help finance our government’s lifestyle) pays for it. Of course, those Chinese bondholders now seem justifiably worried that our government could again pull a GM/Chrysler vanishing act and stiff the bondholders (or severely inflate the currency, which would be essentially the same thing).

I don’t mind helping companies like this out, any time. Our government pisses our money away in a lot worse ways. I’d feel this way even if I wasn’t from Detroit. I’m an appreciative, supportive, and thankful, American. Sometimes you help those that have helped you.

There are those of you who would choose trusting a corporation, who’s sole purpose is profit, over a government (of the people, by the people, for the people) who’s sole purpose is to serve its citizens… No Thank You! Our goverment is not perfect, it never will be. But how many governments have been bailed out of financial disaster by a corporation? None to my knowledge.

Also, the Billions of dollars given to the Auto Industry, the Banking Industry, etc., etc. are LOANS, LOANS, LOANS.

It is past time to appreciate the hard work they are doing on our behalf since no one has come up with a better alternative. I own an electric car and it is great, but they are not yet for everyone or every purpose. It is not a question of “either or” but a question of “both and”. The time will come when Petroleum is gone. Those who will live with that had better be ready or it will be tough, really tough.

And no Joe, Obama is making no law. He is just doing something for a change.

As for comments from Otter & PW above about socialism, will that is a bunch of crap. Private markets and government involvement in those markets have, and always will exist. Get over it! Trying to save GM and Chrysler was important and it goes beyond just those who lose their jobs but affects entire communities and consumer confidence in raising capital through investments in the stock market. Also powering say U.S. Postal trucks via hybrid or EV vehicles is smart and yes requires a massive upfront cost but overtime it pays off and you advance private innovation to make their products better while reducing CO2 and other gasses. Governments role is to spur private innovation and interest by tax credits to consumers to choice new technologies that help us move away from a oil dependent economy, doubt that’s socialism but as long as you can scare someone with that word you gain good political points in the U.S.