Chris Berry On The Net

While grandstanding politicians and the mainstream media continue to fan the flames of populist rage over the AIG bonus scandal, little attention is being paid to other critical issues taking place in Washington. Even though GM and Chrysler have yet to submit their viability plans due on March 30th, the Obama administration has already announced [...]

The heads of the Big 3 automakers are heading back to Washington this week for another round of congressional hearings on a proposed bailout package. There is little question that the Democrats in the House and Senate will eventually pass a relief package, but what remains in doubt is where the money will come from. [...]

In 1979, the federal government provided $1.2 billion in loan guarantees to help the ailing Chrysler Corporation fend off bankruptcy. The company was teetering on the brink of failure because it produced poorly designed and poorly built vehicles that consumers rejected in favor of Japanese and European brands. They were failing because they were unable [...]