Chrysler Files For Bankruptcy

No surprise really. Chrysler is a much different company structure wise then General Motors. What I find interesting the remarks from President Obama:

“This is not a sign of weakness but rather one more step on a clearly chartered path to Chrysler’s revival.”

And how about this?

“I have every confidence that Chrysler will emerge from this process stronger and more competitive”

My question would be “Isn’t this also true for General Motors”? Would have been a lot cheaper for the US taxpayers.

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