Quote:
Originally Posted by bigunde
Then based on what you are saying Chrysler shouldnt be here either ????? Thats alot of automotive jobs(including vendors) that would be at the soup line right now. I agree the "new GM" should pay ALL of the cash back.
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Big differance. Chrysler got loans which they paid back. They didn't have the government take over the company or hand a big chunk over to the UAW while leaving the investers with nothing.
And champ, Fords "start up" companies may have failed twice a hundred years ago but he filed bankrupcy (like every other company) and started over(like every other buisness). THE FORD MOTOR COMPANY has(since IT came to be) has NEVER filed bankrupcy.
NEVER had the president fire their CEO and replace him with a government picked man.
NEVER had the government steal at gunpoint the investers money.
NEVER turned over a big chunk of the company to the UAW.
NEVER handed over ownership to the government.
and NEVER made a car just because the government said you must make and sell this car to the public.