Chrysler's strong in bankruptcy! - Says Obama

The government gave $4 billion (thats with a 'B') dollars to Chrysler because the failure of the company would have a long and lasting negative effect on hundreds of thousands if not millions of people (or so it was said).

Now the company files for bankruptcy. Obama says this is not a sign of weakness. Then what is it? Since when did bankruptcy provide a sign of company worth and power? When you consider investing - do you look for the "strong" companies - who are filing for bankruptcy? I wonder if Obama does.

Now - the government will give the 'strong' company another $8 billion (yes, another 'B') to hold them through this bankruptcy.

I can't even express my disgust with this situation. The company won't operate plants during the bankruptcy which is said to be as short as 60 days. Uh huh - I'll put my money on 3 months at least. That's 90+ days of NO WORK for those employees. Those same 90+ days will not produce a single car, so part suppliers will have a significant decline in demand, if not go out of business themselves.

Maybe they should file for bankruptcy - I hear it's a sign of strength!