Talk of The Villages Florida - View Single Post - Is The Chrysler Plan Of Reorganization Fair??
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Old 05-10-2009, 08:28 AM
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It al boils down to this: Why wasn't your last car purchase a Chrysler product, and will your next car purchase be a Chrysler product?

All of the employee compensation plan changes, and executive pay changes, and factory consolidation plans and so on ad infinitum ignores the obvious. No customers means no company - period! Companies provide products and/or services that customers want. If there are no customers, companies shrivel an die. It's been that way since the first fisherman sold his first fish.

Government intervention with Chrysler - without resolving the no customers issue - is WELFARE. The scope of the Chrysler welfare plan is enormous, but it is indeed welfare, as there is no good business sense to it.

So, we stumble along, throwing taxpayer money to insure union contracts are fulfilled by a dead company. I guess the UAW vote must be worth it......