Remember who opposed aid to auto firms - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 2 (permalink) Old 01-10-2012, 07:13 AM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,847
Remember who opposed aid to auto firms

Letters: Remember who opposed aid to auto firms

Jan. 10, 2012

Had President Barack Obama listened to Alabama Sen. Richard Shelby, Kentucky Sen. Jim Bunning and now GOP presidential hopeful former Massachusetts Gov. Mitt Romney and let GM and Chrysler go bankrupt as they espoused, and not continued the loans to the two automakers started by former President George W. Bush, there would not be a "Big year, brighter road for Detroit 3" (Jan. 5), as GM and Chrysler would not be in business.

There would have been an economic tsunami of epic proportions, and the country very well would have been pushed over the edge into a depression as upwards of a million people would have lost jobs. Auto suppliers, possibly along with Ford, would have gone out of business.

Since the loans were continued, GM and Chrysler entered and successfully exited bankruptcy. GM had a successful IPO. Both are selling more vehicles since the auto downturn, gaining market share and getting back to profitability with a brighter future ahead.

Thomas A. Wilson Jr.




Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links
post #2 of 2 (permalink) Old 01-12-2012, 06:30 PM
Senior Member
dhh3's Avatar
Join Date: Apr 2011
Location: Fort Wayne, Indiana
Posts: 719
Who ever this guy is, he needs to get his head out of the sand: GM's successful IPO has already dropped over 1/3 in value. I'd like to meet the idiots that gave their $ to GM. As far as the bailouts, neither would have gone out of business, but would have continued on, leaner and meaner. GM is just continueing on it's merry way - nothing has changed! A lot of what we see today from Chrysler was already in the works before the bankrupcy. Just my 2c.

2011 Nitro Heat 4x4: Bright Silver Metallic, Dark Slate Gray; Customer Preferred Package 24C; Trailer Tow Group; Hood-to-Fender Stripes; Navus 2; Uconnect.
MODS: Sunroof; S/S Nerf Bars; Mopar CAI, Pedal Kit, Chrome Rear License Plate Brow, Chrome Exterior Package, Production Style Cross Bars, Deluxe Molded Splash Guards, Cargo Security Cover, Door Sills & 3.7L Emblem; Media Center 430; Kicker Speakers, Sub and Amps; Carbon Fiber Dash Kits; Heated Katzkin Leather.
dhh3 is offline  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Prediction of U.S. auto firms demise is premature rickaren Chrysler/Dodge/Jeep News 0 03-26-2009 06:02 PM
2009 Detroit Auto Show / North American International Auto Show (NAIAS) rickaren Chrysler/Dodge/Jeep News 0 01-11-2009 07:04 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome