A pink slip from Chrysler, and it's not a valentine

By Alex Koppelman

Wednesday, Feb. 14, 2007 09:14 EST

When George W. Bush held a high-profile meeting with top executives from Ford, GM and Chrysler in November, he emerged to say that he was "confident" that the automakers were "making the right decisions." "That's good news for the American people," the president said, "because the automobile manufacturers play such a significant part of our economy and a vital part of our employment base."

Bush vowed to have "a continuing dialogue" with the automakers, saying that "it's our interest that in government we find out ways that we'll be able to work to make sure that this industry is as vibrant and solid as possible."

The news this morning: Chrysler is cutting more than 13,000 jobs as part of a restructuring plan.

― Tim Grieve

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