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Love the latest anti Mitt Romney ad that states that Mitt Romney would have just allowed..?
Chevrolet and Chrysler to go bankrupt. Didn't they go bankrupt even with Government bail-outs?
7 Answers
- Anonymous9 years agoFavorite Answer
It doesn't surprise me about Chrysler going belly up again. Has anyone ever owned one of those P.O.S? Mine was constantly in the shop with electrical problems, and after it reached 80,000 miles it was tired and fell apart. My Toyota Camry XLE has 171,000 and I finally had a brake job done on the front, and one that was done 30,000 miles prior to that to the rear ones. I have an older Porsche that requires a brake job about every 20,000 miles and needs a annual tune up, but at least it still runs and has no real issues for a car that is now 17 years old.
GM was hoping to turn the tide with the Chevy Volt and the some of the Malibu models, just as Lee Iacocca had got Chrysler back on track with the K-care models and the Omni and Horizon after Government bail out no. 1. Then the Mini Vans became quite popular and that was their only saving grace until other car manufacturers started making similar items and was killing them because of poor quality issues.
Japanese car companies will own a great portion of our economy unless we rid ourselves of Unions and folks who drive up those prices to create vehicles. Their cars simply cost more because they are made to last, and don't put parts in them meant to break after the warranty runs out at 60,000 miles or before that period. The Japanese DON'T HAVE UNIONS and that is why they make better stuff.
- daisyLv 69 years ago
and they could have gone through bankruptcy court, and survived, and also have saved the american taxpayers billions in the obama give away to the unions. recall the only individuals who lost their pensions were non-union employees. do you honestly think that money will be repaid? since the unions won should we keep track on how long before they do go bankrupt again. i will never buy another gm car, and i have lots of non-union unemployed friends who feel the same way.
- Anonymous9 years ago
There were a lot of economists that thought GM should just file for bankruptcy and re negotiate contracts with the unions, that would have saved taxpayers lots of money. GM is going bankrupt again and wants another bailout, i think we should stand aside this time and let them deal with it without more of our money.
- ?Lv 69 years ago
And you should let them fail. People have to choose what works and what doesn't. If the country doesn't want a bank or business than we should let it go and not save it even at a major social cost. It is not nice to pick winners this way. They are not going to save small businesses the same way to save jobs so this was not fair.
- 9 years ago
Yes they did and I do not see the problem with the stance that he would have let them go bankrupt. Why do we need poorly run companies sucking on the taxpayers' teat? If a company cannot be run profitably it should not be there. Let somebody else who can run a profitable business step in and fill the gap.
- regeruggedLv 79 years ago
Especially in the case of GM, investors got screwed royally. Obama stole their money and gave it to his union buddies.
- Blue T TLv 69 years ago
Yes, but DEM's always say "HE will do-and some really bad thing they do. It is just there way.