04-30-2009, 10:45 AM
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CC Member
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Join Date: Apr 2007
Cobra Make, Engine: # 757 ERA 427 SC , 482 Al. big block
Posts: 897
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Not Ranked
I would like to put this out for discussion .... did anyone notice that Chrysler is taking bankruptcy after the Govt. gained control of most of the banking system ? Also , it was announced the GMAC will now finance both Chrysler and GM cars/trucks .... and the UAW now controls both GM and Chrysler .... and the private bond holders get the shaft .
Other than Ford , the Govt . now controls the automobile industry in this country .... and how long can Ford hold out in the face of govt. backed competition ?
Also just heard that Cessna is handing out 1600 termination notices in Bend , OR since they have lost the fight with the govt. on the evil Corporate jets that were to be made there .
Looks like an Argentina style takeover of private industry is now in place .
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