[Hoot Gibson]

You wanted them to let the auto industry fail, and go bankrupt, so why do you care who they sold it too? BTW, I haven't read anything official where he forced them to sell to Fiat, please show us some links to documents that say as much.

Bankruptcy is the legal consequence of not being able to pay bills in this country. The reason that it is important that Obama pressured Chrysler into agreeing to sell to Fiat is that it weakened Chrysler's negotiating position and resulted in a bailout of a foreign auto maker.

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Fiat CEO: Cut Wages or No Chrysler Deal

The Obama administration's attempt to shepherd a shotgun marriage between Chrysler and Fiat appears to be in serious trouble. Fiat CEO Sergio Marchionne is demanding major concessions from labor unions before agreeing to any deal — and is offering next to nothing in return.

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Company Profile

By January 2009 Fiat put itself forth as savior for U.S. automaker Chrysler, which was struggling after ending its marriage with Germany’s Daimler. In fact, the Obama administration made the completion of the partnership deal a precondition for additional federal bailout money for Chrysler, and then pushed Chrysler to file for bankruptcy to force the marriage. Fiat ended up with an initial stake of 20 percent with options to increase that to 51 percent after Chrysler pays off its loans from the federal government.

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Chrysler, Fiat May Face ‘Impossible Goal’ on Alliance (Update4)

Completing the Fiat deal is a precondition for loans beyond Chrysler’s first $4 billion, the task force said, which listed debt restructuring among six additional requirements. Chrysler, dependent on light trucks and on the North American market, can’t exist as a stand-alone company, Obama’s advisers said.

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