That thing got a HEMI?

Chrysler has now filed for backruptcy, after a trip or two to the taxpayer bailout trough, and a swilling of a few billion. Today, what should have happened from the git-go finally did.

President Obama predictably railed against some Chrysler investors, who took a huge risk by buying debt in the hapless automaker, and who wanted more than 30 cents on the dollar:

“Some demanded twice the return that other lenders were getting. I don’t stand with them,” Obama said of the hedge funds. “I stand with Chrysler’s employees and their families and communities. I stand with Chrysler’s management, its dealers and its suppliers. I stand with the millions of Americans who own and want to buy Chrysler’s cars.”

This from a man who wants the private sector to get involved. Sheesh.

Anyhow, with Chrysler soon to be in Fiat’s capable hands, Chrysler is sure to rise, phoenix-like. Yeah, right. The Fiat 500 pictured here gives me great hope. It couldn’t hold the corners in Martinsville, let alone on a Bristol, Daytona, or Talladega.

First, fiat money. May as well drive cars with the same name. No, I think I’ll wait for the GM/Yugo team offerings.

-k-