The Observation Deck

Our elected leaders still don't understand the new political environment.

http://www.cleveland.com/business/index ... ysler.html

The laugher line was from Steve Latourete, " I think we might have been misled by officials from.. the White House". well duuhh.

There have been recent stories touting the efficiency and quality of work at the Twinsburg plant. When the government runs the car companies efficienty and quality do not matter. It is political power. It is the back room bribe (political contribution). It is the willingness of the players to look the other way when laws are ignored.

Look to Argentina.

Hey Bill get a load of this....

Rattner Involved in Inquiry on Fees

Turns out the fella that heads Obama's auto task force, the folks who are deciding what to do with Chrysler and GM, may be up to his eyeballs in the New York pension fund kickback scandal. Apparently, while employed at one of the implicated hedge funds, he met with a politically connected “placement agentâ€

there hasn't been any real reason for Microsoft to make new operating systems or office software since at least 2003.

Maybe they'll buy up these automobile plants for pennies on the dollar. Like how Ross bought LTV's assets. Microsoft can design new cars integrated with all this digital stuff...so that they are enormously expensive or impossible to repair after five years.

So my guess is that from this day forward, heavily unionized companies had better be able to fund their operations COMPLETELY from accounts receivable. Because nobody in their right mind will lend them even a nickel. At least until Obama upholds the rule of law and decides not to govern by executive decree.

What a nightmare....

none of the big banks were Unionized. they got at least 700 billion pretty fast. maybe more. It was Legal. Apparently they may or may not have quickly gone bankrupt without said bailout.

Tim Liston wrote:Turns out the fella that heads Obama's auto task force, the folks who are deciding what to do with Chrysler and GM, may be up to his eyeballs in the New York pension fund kickback scandal.

I've resigned myself to the fact that hundreds of billions of stimulus funds are simply going to be stolen. In that political environment what is important to me is that our region get a piece of the action.

The Obama administration intends to close the Twinsburg Stamping plant. That decision is not an economic decision but a political decision. Our representatives either do not recognize that fact or do not know how to respond to that fact.

While a stamping plant in our area is closing Chyrsler is going to spend nearly $2 billion dollars to expand a plant in Michigan.

http://www.wwj.com/pages/2776871.php?

Our representatives should put sand in the gears of the Chysler bankrupty until we get our piece of the action.