GM wants $10 billion of your money so they can merge with Chrysler.
Recall that GM wants Chrysler’s 11.7 billion in cash so they can get rid of those pesky Chrysler employees :
Chrysler workers would be vulnerable if the GM deal goes through. GM wants to use Chrysler’s $11.7 billion in cash to shut down most of Chrysler’s operations while keeping its brands, the source says
Gosh… give me $10 billion and I’ll hire people and do cool software things, after taking out a very modest portion for myself…
What do you think? How fast will the politicians grovel over GM so they can get back pennies on the dollar in campaign donations?
Alternatively, we could let those employees go after Chrysler fails for…. hey NOTHING. That’s right, the same lousy outcome could cost nothing.