From a letter sent June 11, 2009.
To Congress,
These bankruptcies are wrong and unfair in so many ways. Their legalities are questionable. These companies were not allowed to go through normal bankruptcy. Our bankruptcy laws were not followed. These were "structured" bankruptcies. Who made up that term? The sole purpose seemed to be to protect the unions and too bad for everyone else. Those who should have been reimbursed first were put at the end of the line. Unions are bragging that they kept their base pay, benefits, and pensions and now own part of the company too.
If we are a nation of laws, why didn't we follow them? Dealers were hung out to dry. Using some unknown criteria profitable dealers were terminated - even though dealerships do not cost the auto companies anything. Whom you knew or whom you supported seemed to effect whether or not you were terminated. This is cronyism. It's not just politics as usual, it's Chicago politics as usual. These dealers have an inventory of millions sitting on their lots. Within a certain time frame they may sell them for whatever they can get. After that date if they sell them the warranty will not be honored. If Chrysler or GM made these new cars, they should honor the warranty even from a dealer that they do not now authorize.
Many of these dealers will be forced into bankruptcy, but they won't get special deals. They will have to abide by regular bankruptcy laws. Due to government intervention auto dealerships are going to fail and jobs will be lost. That should help the economy! But at least the unions are safe!
Signed,
The Electorate
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