Chrysler

On Friday, Dec. 19, workers at 30 North American automobile plants will punch out for an extended period of time.

The New York Times, Nick Bunkley reports Chrysler is shutting down all its plants for at least a month due to the dwindling money in its reserves and no sign of a government bailout.

Is this a political move by Chrysler to force the government to concede a bailout package in order to save union jobs and wages? These jobs are made up pf men and women from the working class, the so-called blue-collar workers who have often been said to be the backbone of this country, yet they constantly get used for political or monetary gain and usually end up with their heads flushed in the toilet.
These workers are the ones that will suffer first and severely, long before the Caucasian CEO's. Unless, the CEO's had their money tied up with Bernard L. Madoff who is now under house arrest with an ankle bracelet in his $7 million home (now that's American justice).I think in this picture Mr. Madoff, a former chair of the NASDAQ is gesturing how much he cares about screwing his investors who have pretty much lost their money to his ponzi (pyramid) scheme.

It is always rare for a corporation to admit and/or correct its failures.

NPR adds:

In a statement Wednesday, Chrysler said tighter credit markets are keeping would-be buyers away from its showrooms. The company said its dealers are unable to close sales for buyers due to a lack of financing, and estimate that 20 to 25 percent of their volume has been lost due to the credit situation. Sales in November slid 47.1 percent.

What Chrysler won’t say is their crisis (along with GM and Ford) also has to do with the choices they made in car design and efficiency. They messed up and now like scared spoiled children they have come back like prodigal sons and rainy day relatives looking for a handout.