Re: Obama orders Chrysler to merge with Fiat


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Posted by David Sherman on Monday, March 30, 2009 at 21:19:56 :

In Reply to: Re: Obama orders Chrysler to merge with Fiat posted by Ken Sterrett on Monday, March 30, 2009 at 20:30:10 :

Well, the government got that power when GMC and Chrysler went to the government, hat in hand, asking for a loan. At Ford, Mr Mulally was smart enough to see what was coming a year ago and line up plenty of private financing while he still could, so he hasn't had to ask for any bail-out money, and he doesn't have to bend over when Obama tells him to.

Without government intervention, Ford would come out of this recession the strongest. It must bother Mulally just a bit to have successfully out-managed his competition, only to have the government stop in and prop them up.

Maybe it torques Obama a bit too, that Ford isn't begging, and that's why he told Chrysler to merge with Fiat rather than with Ford. Or maybe he's just a "globalist".



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