30 May 2009

Iacocca losing pension



Chrysler CEO Robert Nardelli told a U.S. bankruptcy court on Thursday that Iacocca's pension would be among the obligations Chrysler will no longer have to pay if it gets bankruptcy court approval to sell itself to a "New Chrysler" to be owned by its union, the U.S. and Canadian governments and Fiat SpA (FIA.MI).

Well, I won’t be buying Chrysler or Government Motors. Looks like Ford will be getting my business for a while. While some may see the restructuring of Chrysler as a God send, I say its a load of crap. Don’t believe me, how many of us could see this coming with the advent of Government Motors.


Meanwhile, the Kool-Aid is starting to take effect. The American people have started to lose all sense of reality, caught up in the hope and change that the Spender-in-Chief has sold them. You suckers!!!!

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