So now bankruptcy is OK.
Now going under is OK.
Now talking about a formal filing to get your debts in order is OK.
Now going through a well-established legal process is OK.
It's all OK.
Even though just a couple of months ago, it wasn't OK. The president said it wasn't OK. Nancy Pelosi said it wasn't OK. Even mentioning the word bankruptcy wasn't OK.
Because merely uttering the "B Word" was all but screaming the "D Word": depression.
That was then, when auto companies were pitching for cash. That was Washington, when that was the pre-condition for getting that cash. We'll fork it over, if you don't go under.
Now, lo and behold, Chrysler is going under. “Temporarily,” it says. “Hopefully,” the president says. “What the heck!” the average taxpayer says.
A pity we're just finding all this out now. Something that was never, ever, ever considered an option back then. Something we committed billions avoiding back then.
Yet here we are now. After spending money we didn't have on a company, in the end, we didn't save.
Chrysler's decided the markets will determine that. It'd been nice to know months ago they were considering that.
Before they fooled us and drained us and lied to us after all the spending. And now... we’re all just spent.
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.