Tuesday, May 05, 2009
Why the Chrysler Bankruptcy Deal is Dangerous
I have never owned a Chrysler vehicle. Actually, I am not sure I have ever been in one. Maybe a Jeep Wagoneer, but it was not owned by Chrysler when my friend had one. I am also not particularly pro-union, though from a historical view, I think they played an important role. But whatever your view of unions, the Chrysler name, or President Obama, you should be very worried about the deal worked out between the Obama administration and Chrylser last week that has now gone to the bankruptcy judge.