http://network.nationalpost.com/np/blogs/fullcomment/archive/2009/05/10/david-fum-quick-fix-today-crisis-tomorrow-in-obama-s-white-house.aspx

The Obama plan to save Chrysler would have sold Chrysler's most valuable assets into a new company co-owned by the U. S. and Canadian governments, Fiat and the United Auto Workers (UAW) -- with the UAW getting the biggest piece, 55%.

The trouble was: those assets belonged to somebody else. They belonged to the company's bondholders, who had a legal first claim. Under the administration's plan, those senior-secured creditors would have received just 29¢ on the dollar.

1. Bailout to keep running for few months

2. Let Fail

3. Payoff union supporters with the assets

heard a funny saying today:

A recession is when the guy down the street loses his Job, depression is when you lose your Job, and Recovery is when Obama loses his job.

The sad thing about that, is it's true, and we have well over 3 years to go.