CloroxCowboy

Friday Outlook: Commodities, Global Markets

On May 01 10:33 AM History Buff 24/7 wrote:

> CloroxCowboy,
>
> Let's ignore the self-evident, that Chrysler was a walking corpse
> way before yesterday.

Why ignore it? I'd rather not if you don't mind. It's is the whole issue in my opinion. A walking corpse is something you should put out of its misery by killing it swiftly. If it can be brought back to life in a healthier form, then all the better.

> Obama's comment WAS Orwellian, in the context that it is beyond nonsense,
> absolute nonsense, it is a contradiction in terms. That's what's
> Orwellian, "slavery is freedom", "war is peace". A lie is not any
> less a lie just because it comes from the mouths of the powerful.
> Saying that a company being placed into bankruptcy is not "a sign
> of weakness". What is it a sign of, pray tell?

You're confusing Chrysler with its (soon-to-be former) management. Bankruptcy is a huge sign of weakness for Nardelli et al, proving that they are ineffective at dealing with their creditors, unions, etc. On the other hand, Chrysler, the company, the distinct corporate entity will emerge stronger because of bankruptcy, which is the entire reason Chapter 11 exists. By your line of thinking, a doctor giving his patient medication would be an Orwellian act. You're confusing the patient with the virus.

> In Obama's doublespeak, I guess what he was saying is "don't stand
> in the way of an orderly settlement", we will steam roller you. "We"
> being the government of the United States of America.

Yes, I imagine that would happen. A big reason he was elected was the concept of change, therefore it's his mandate from the majority of Americans. Changing things doesn't always equate to asking nicely.

Friday Outlook: Commodities, Global Markets

What a crock...how else did you expect this to play out, David? Chrysler forfeited ALL their rights the day Nardelli flew in his private jet to beg Congress for spare change. From that moment on, the company existed at the pleasure of the Federal govt. Had money not been forth-coming, the company would have and should have died at that time.

I don't see what's so "Orwellian" about Obama's statement. You kill a sick company, then revive it in a much healthier form. What's hard to understand about that?