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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (1243)2/26/2001 11:44:34 AM
From: ahhahaRead Replies (1) of 24758
 
I predict that Daimler-Chrysler will go bankrupt. No early '80s bailout for it this time. The bailout was the factor that destroyed company. It took 20 years before the final blow. Government always props up an untenable circumstance and thereby creates a false reality which ends up in chaotic destruction. If Chrysler would have been allowed to fail, it wouldn't have gone bankrupt. It would have down sized tremendously and then would have been in the position to form itself into a viable company. Instead, it was allowed to go on with its misery until dumb foreigners came in to finish the job. The government could care have cared less about Chrysler. The bailout was only provided because Chrysler was a symbolic employment engine. Government which then was still heavily dominated by Democrats felt they had to make an example, and they did.
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