re: There are many other sites to read about Chrysler besides the NY Times Besides, there are so many other quality newspapers out of NYC...like the Post for example.

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what a waste of money...been throught this b4.tool and die maker 20 yrs...my wife also in automotive..laid off today..does anyone belive that this company is going to survive?!F fiat , no way are these going to catch on here.Company will be gone in 3yrs at most..to expensive to import fiats...can't retool a whole new line of cars in such a short time...even if they did what do u think the quality would be like..lol...turn out the lights already....they go under there will many other car makers to pick up the slack...

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LOL @ The Post. It's normal for a company to try Chapter 11 first. Chapter 7, which is bye bye forever, is last resort. How do you know when a politician is lying? His mouth is moving.

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The hole Chrysler, as well as the other two BIG U.S. automakers found dug themselves in weren't just dug yesterday: It dates back half a decade. Arguably, the business model devised back then made perfect sense to the geniuses who crafted the "competitive" employee emolument package at the time -- pay employees less in the form of salary & save a ton in operational cost on the front-end. But offer a mellifluous incentive in the form of lucrative retirement programs on the back-end with the hopes that it would all pan out invariably since those costs didn't matter much then nor even have to be recorded on the balance sheets for decades to come anyway. Fast forward to now & it's pretty clear-cut that you don't offer free lunches on a postpaid arrangement unless you are absolutely sure you've got a bottomless pocket. Jabbering Idiots: Everywhere You Look!

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Don't blame the employees. The problem didn't start at the bottom. It didn't start in the middle. It started at the top. Bad foreign policy & deficit spending forced economic growth the leave the national borders decreasing the value of the dollar to the point where the workers could no longer afford the very products they produce, if they were working at all. Deficit spending only worked in the 50s when the rate of profit was greater than the accumulation of debt. That is no longer true. Leasing was rare 40 years ago. Now it's common. The car is never bought for cash when it reaches the showroom. How do you know when a politician is lying? His mouth is moving.

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Obama should give out another 50 Billion dollars to help. He likes pissing away our money, then asking how to cut spending.

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guapo, The Management v. Labor argument has been beaten to death & that was not the focus of my response. But now that you bring it up, I feel I should state this: if you think employees had zero liability in the whole auto industry situation, then you are not really keen on the problem but the participants. The top vs bottom argument is good stuff for the media, beyond that, it becomes moot. The reality is, some major screwing went on both ways & I agree with you on who & where the screwing first started -- the top. But don't kid yourself by thinking the employees didn't or weren't on a mission to extract their pound of flesh. You know, 30-50 years ago, the country's economy wasn't hurting nearly as bad & everyone benefited from the contract. GM for example, rewarded its shareholders quite handsomely at the expense of their employees. Would they be in better shape now had they paid the employees more & been more conservative with the benefits package? Heck yeah! On the other hand, the employees didn't mind what they were being paid because times weren't this bad & they frankly didn't see anything wrong with GM screwing itself over also in the process, since they (employees) stood to gain a dollar & change back in retirement benefits on every dollar GM was going to withhold from them despite their hard work. The part about leasing is ancillary, legacy -- retiree pension & healthcare -- cost is by far burdensome for the auto industry. As it's turned out, it is also burdensome for our country's economy by proxy. Let me ask you this? If you know any GM retiree on those mellifluous "for life" healthcare programs, ask them if they'd ever consider Medicare. The above is not the only factor in the auto industry's dilemma, there's the global angle too & more. But it underscores what happens when everything that can go wrong starts to right around the same time. Jabbering Idiots: Everywhere You Look!

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I base my world view, particularly economic, on the fact that "only labor creates value" & therefore, the worker should be held in the highest regard instead of the lowest, which is what's happening. The idea is to increase the size of the American pie for all to have a decent slice instead of trying to redistribute the left over crumbs. Total desperation hasn't hit full force yet. Chrysler is a small part of a bigger picture. I don't know how much longer capitalism will last but it's decaying a lot faster than I thought it would. How do you know when a politician is lying? His mouth is moving.

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Be careful there guapo... ... not very long ago, Socialism was the new Marxism. These days, Fascism is the new Socialism ;-) Jabbering Idiots: Everywhere You Look!

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Fascism is based on capitalism. It can never be socialism but certainly could be the next new world disorder, since only 20% of the population at best, would protest it. How do you know when a politician is lying? His mouth is moving.

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I've said it before and I'll say it again. "Let the bloomin car companies go already. They are a very small part of the problem. Things are not going to get better as long as greed is all that runs this country. When the greed is broken and prices and salaries go back to what they were 20 years ago naybe we can dig our way out. Until then don't be looking up expecting to see light all that is there is another storm cloud." 20 years ago the average salary was in the neighborhood of $25,000.00 per year. The average home price was in the neighborhood of $68,000.00. Now the average salary is $37,000.00 a year and the average home price is $118,000.00. How did things get better yeah the salary went up but not nearly as much as everything else. I remember both my parents worked and dad had his navy retirement. Between the two they mad about $38,000.00 a year the poverty level( which I have never understood ) was about $18,000.00 a year. We were not rich but we were doing pretty good. Dad had a car and a truck mom had a car, I had a car a motorcycle and a racecar and a truck to tow it with. I remember thinking if I could just make half of what they were making I would be doing great. Then I got out on my own (late 80's). Sure AI struggled at first but I bit the bullet busted my butt and worked my way up the food chain pretty quick just to find out that then I was making more than the two combined and the poverty level was now $100,000.00 a year. i never will get that poverty thing. I know where I am now, at the bottom. I haven't had a real job in almost two years. I do some side work and cut grass and whatever my kids all have part time jobs and amongst us all we can't be making $20,000.00 a year right now. We aint havin' parties or jetting to the orient but our bills are paid and we eat every day. According to the Fed we are so far below the so called poverty level that we are not even listed on their surveys anymore. I voted for Obama! After watching this country die under the fat cat plan of the republican party. Now I don't blame Bush or the republicans for anything but, all the things that went down in the past year that they all were clamerring to get free money to fix didn't just pop up.Maybe it was started by Clinton maybe it was Carter heck I don't really know. However all these things were going on while Bush was there and him and his pals either chose to ignore them or chose to profit from them. None of them made any attempt to put a stop to it. I too don't believe however that we need to be bailing these inept, corrupt, greedy, self serving, etc.... etc......out. Let them die and fade away. If you invested well sucks to be you you took the risk. Those of us that haven't been making between $32.00 and $41.00 per hour for the past 10 years and could not afford to invest in these failed policies should not have to bare the brunt. Those that were acustomed to those paydays that are now looking for work as detroit moves to tokyo get in line and get used to doing it with less the rest of us have had too!!!! Sorry for the little rant there. I kinda lost it. Likely Practice makes perfect but only if you practice perfectly!

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You are 100% correct when you said, "They are a very small part of the problem." but very few people understand that. They point fingers as who is to blame but it's a system & the top people in the system, that is to blame. We don't even know who some of them are. They don't care about republican or democrat. They are both & they know idiots like us are missing the boat in our ANALysis. Did you ever hear of Bilderberg? How do you know when a politician is lying? His mouth is moving.

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I drive a Chrysler. EEOC

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