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old progrmr Wrote: Jun 11, 2012 12:06 PM
Both Chrysler and General Motors could have entered a traditional bankruptcy proceeding and a court ordered re-organization and came out of it in about the same or better shape than they are now. Chrysler would still have been absorbed by Fiat, but GM would not have been owned by the UAW and the Federal Government. Many dealers would have been saved, bond holders would not have been damaged so badly and jobs would have been saved. Remember, both companies still went bankrupt.
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Becca in TX Wrote: Jun 11, 2012 4:03 PM
old-AND they would have been able to renegotiate their union contract to something a little more reasonable and would have been a stronger company.
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His boss stepped in a deep pile of it -- then desperately backtracked -- on Friday, so this line of questioning was 100 percent inevitable on the Sunday morning chat shows. Like any spinmeister worth his salt, Axe was prepared for Candy Crowley's excruciating cross-examination, equipped with unresponsive talking points and a condescending smirk:
Axelrod didn't have much of a choice here -- he had to reiterate what the president meant to say at his presser scorned 'round the world: That the real problem...
Video: Axelrod Strangely Evasive on Obama's 'Private Sector' Wisdom