Chrysler Declares Bankruptcy

You’ve probably heard about it now, but Chrysler LLC earlier today filed for bankruptcy protection. The company will continue to operate and has an agreement with Italian carmaker Fiat to utilize some technologies, cars, etc. to help Chrysler going forward.

As far as I’m concerned, it was about time, and probably a little too late. Chrysler should have filed for bankruptcy before they used my (and your) tax dollars to avoid the inevitable. The U.S. government (we) already gave Chrysler $4 billion! And now they’re going to get another $8 billion?!

I don’t know about you, but I want to have a say about where my tax money is going. And I definitely don’t want to invest it in a bankrupt company who obviously didn’t have enough cash and too much debt to run. So you and I own Chrysler. Not by choice.

What has America become? End rant. And by the way, America’s still the best country in the world, but if we keep making bad decisions, I don’t know where we’re headed as a nation, as a culture, and as a people.