Winners: The People Who Are Evading Responsibility for Chrysler's Bankruptcy
Losers: Consumers Who Want to Buy Good American Cars
The end result of the rigged Chrysler bankruptcy is that two political entities whose priority is winning votes (the Federal Government and the UAW) now have majority ownership of a commercial entity whose priority should be making good cars.
And despite his protestations that he wants to get out of the auto business, President Obama has some definite ideas about what kind of cars Chrysler should make. Announcing the bankruptcy, he blamed Chrysler's troubles, not on its uncompetitive labor costs, but on its "failure to make the fuel-efficient cars like its foreign competitors."
Politicians, not businessmen and women, are
calling the shots at Chrysler. America, get ready for the Model O.
The UAW has stated they don't want the car company. They stated they will sell their shares and give the money to the union.