Change we can beleive in

[joecoolfreak]

What product was that? The business was profitable, therefore financially sound.

The Chrysler vehicles produced by Chrysler. In case you missed the news, they filed for bankruptcy. That means they weren't profitable or financially sound. They were producing the products he was selling through a contract he signed with them. That means he wasn't very financially sound. This also didn't happen suddenly. He had plenty of opportunities to try and prevent himself from getting into this mess.

The financed value just means that it what the vehicles on the lot cost. They may or may not be paid for. Then he was forced by Dodge to perform multi-millions worth of renovations. In a bad economy he didnt have the cash on hand to pay for it.

They aren't paid for, he borrowed money to sell product he didn't own:

My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars.

That means he still owes 3 million.

This is not a function of a free economy though. The dealership was profitable. Profitable businesses are not shut down by a free economy.

His source of income was selling a product under contract with a failed business. When the manufacturer of your products goes out of business, it doesn't matter if you were successful at selling those products, the free market has still shut you down. You should have known better than to sell a product under a contract that was not likely to exist in the future.

I wonder if this holds true for the parasitic unions that DONT make money and simply cost money.

I hope so. I would love for anyone that goes bankrupt to void their contracts with the unions and start a more profitable business. Irrelevant to this discussion though.

But they are devaluing his inventory by ~50% with no compensation.

Who is? No one is devaluing his inventory. He just can't sell his product he bought (on credit) without rebates from the manufacturer (who doesn't have to give him those incentives). That sounds like a bad businessman to me.

Your messiah is doing with with people that lied on their mortgage applications, why not someone owning and running a profitable business?

My messiah? I have never stated as such. I just don't blame him for everything under the sun. And again, an irrelevant point.

Name a single portion of this is the result of a free market. The free market does not force a business to shut down a profitable franchise. The free market forces a business to eliminate unproductive portions of their business, such as the unions.

All of this is free market. Chrysler was a crappy business. They filed for bankruptcy. Most of the Chrysler dealers are getting the shaft. That is because they chose to do business with a crappy business. The only thing that wouldn't be free market, is if the courts or the current administration did something to force Chrysler to buy back the inventory or uphold the franchise contracts.