Chrysler begging for money

Robert Nardelli, the CEO of Chrysler Corporation was on Capitol Hill today begging for money. Chrysler Corp. has a bit of a sorted past, lets look at some key dates:

May 7, 1998: Daimler-Benz's Juergen Schrempp and Chrysler Corp.'s Robert Eaton announce US$36 billion merger that creates DaimlerChrysler AG.

Oct. 26, 2000 Chrysler posts US$512 million loss for third quarter.

April 2005: Cash cow Mercedes Car Group posts its first quarterly loss in more than 10 years.

May 14, 2007: DaimlerChrysler announces end of nine-year merger as it agrees to sell 80 percent of Chrysler to private equity firm Cerberus for US$7.4 billion (€5.5 billion).

Chrysler merged with Daimler Benz (Mercedes Benz) one of the most profitable and well run corporations in the world, and after 9 years the Daimler folks finally figured out Chrysler was dragging them down and sold them off.

Mercedes figured the Chrysler brand and it's management style sucked so bad that it would cost way to much to fix, save or even think about repairing, and now the current CEO of Chrysler wants the government to give it money?

Can you guess where the money will come from?

Your wallet and my wallet, yes us the tax paying public is where they want to get the money to save this dying brand.

Let me see if I understand this right - a bunch of really smart business guys from Germany try to save this big U.S. auto company, but find that it can't be done - so the current CEO figures maybe ask some not-so-smart people to give him a bunch O' cash so he can give it the old college try.

Why in the world would I believe Robert Nardelli could do something a bunch of smart business guys from Germany COULDN'T do!

Clearly Mr. Nardelli is not the brightest bulb on the string.

Wait, where have I heard that name before, Nardelli, Stinkie, Smelli, oh yea isn't he the guy that pissed off the Home Depot stock holders so bad?

Home Depot CEO Robert Nardelli resigns - Jan. 3, 2007

Robert Nardelli named CEO of Chrysler - Aug. 5, 2007

Seems like the guy needs to be on the job a little longer before he starts begging for money!

Dear United States Guberment,
Please, oh please don't give my money to these jerks,
Signed,
John Q. Public