exactly. he (noblama) did the so call 'chrony" capitalizm he constantly bashes by giving the uaw all the money.
GM and Chrysler needed to go bankrupt thru the proper channels to make things right. to structure settlements with the suppliers and to break the uaw contracts.
I think Sergio Marcheone (sp?) will make a go of it with Chrysler as i think they've already paid things off. GM WILL need another bailout. (someone write that down). nothing has changed or improved. same old business as usual.
The problem with all of them (US, Jap, Korean, european) is society. We are in this information society that wants the latest and greatest and they want it now. SO the automakers are changing stuff every2-5 years. All that design, testing, tooling, ect costs a fortune. thus the cars cost a fortune. My "middle-class" wages haven't kept up with regular inflation let alone the high automotive inflation rate.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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