http://www.reynoldsdigital.com

- If GM had been allowed to go bankrupt, it would not have disappeared. It would have been broken up and sold, and those parts with good “product lines” would have been bought by investors — as was SAAB. The upheaval would have been considerable, but it would have occurred quickly instead of this slow, costly torture of government intervention.

- In the government bailouts the secured creditors of GM had their collateral seized by the government. In the years leading up to the crisis, GM could only borrow money by offering assets as collateral, but those lenders who stepped up when GM needed help were wiped out as “speculators”. Now we see Trillions of dollars in cash sitting on company’s balance sheets as the companies hoard their assets. Maybe if they could loan it in secured loans without the fear that their collateral would be seized if the government decided it didn’t like them, they wouldn’t be hoarding so much cash.

- Finally, you state that increased mileage standards are BHO’s second greatest accomplishment. Unfortunately, like healthcare, he has no idea how to accomplish this. Don’t criticize the Fiat 500 — it will be a full-size car if these crazy mileage standards aren’t repealed. The problem won’t be pickups with plastic bumpers, it will Trabants as state-of-the-art transportation.

I audited GM and Toyota back in 1989. Even back then, any outsider knew that GM products didn’t appeal to a younger market (I was the younger market then). In the car shows, people would crowd around German or Japanese models. Now I’m in my 40s, and guess what – I still think of them like Wrangler jeans.

http://nbyslog.blogspot.com/2010/08/us-p ayroll-numbers-equivocal-if-you.html

You have no clue what you’re talking about. Fiat is a completely different company from when they last sold cars in the States. They build the “greenest” (lowest emissions, highest-mileage) vehicles of any European make and their 1.4 liter MultiAir 4-cylinder just won the “Best New Engine of the Year” award for its combination of technology and efficiency (http://www.ukipme.com/engineoftheyear/w inners_10/bestnew.html).

Fiat brings state-of-the-art, high-quality small- and medium-sized platforms, drivetrains and manufacturing methods to Chrysler, something the latter company doesn’t have but needs to be a viable automaker. Fiat CEO Sergio Marchionne heads and young and smart executive team that rescued Fiat early in this decade when they, like Chrysler, were on life support due to previous bad management.

Was the Fiat takeover of Chrysler a good deal for the former? Sure, but it was for Chrysler too, as they had no other interested buyer and would have been liquidated if Fiat hadn’t taken control.

Do some proper research next time before misleading your readers.

Time to put the dirtbag union gangsters out of business and the politicians that they have bought should be thrown out of office, including all Democrats who are part of the sleazy Obama tax-and-spend crowd. This is moral, ethical and criminal corruption on the greatest scale, and will no longer be tolerated by the taxpayer.

http://www.junowebdesign.com