US Taxpayers rejoice as this Administration's meddling ends at bankruptcy court - where it belonged many BILLIONS ago!
I would ask that you step back to look at the larger landscape this episode portends.
ADMINISTRATION FAILS TO STAMPEDE THE RULE OF LAW
I would quickly point that any resolution other than one that comes as a
result of The Rule of Law, i.e., in this instance, one appropriately deliberated and decided upon by bankruptcy court and judge has every appearance of one which is extra-legal, and stands to be challenged.
If the judge were to determine it's more appropriate to put Chrysler into Chapter 7, (Liquidation), there is no Reorganization required, and the issue of union's "senior" position v. lenders is moot. So then would be the US Taxpayers cost to bail out a privately-held company (Cerebus).
A BAD INVESTMENT AT THE TAXPAYER'S CONTINUED EXPENSE
In the US, we don't make simply make it up as we go along, and then compound that error, (i.e., rule by fiat no less), by relying on people who have no experience in the car business - that's zero! - in the so-called White House Auto Task Force, to consort with no less than likes of Fiat, (who failed in the US previously and capitulated that would be "pulled out" years ago--look it up), and, perhaps, most ironically, the UAW (who's legacy cost in great measure threw Chrysler under the bus, and is not a disinterested 3rd party) to now be elevated - a reward no less -to be provided a big seat at the governance table to have a 55% ownership position in a US car company.
In another real crisis, another US President felt differently (see below) about US relations with Italy and Germany: