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I just posted the link where they did not pay back "more". We lost almost 10 billions dollars and if you figure in the other programs far more than that.
It's interesting to note your preferences for corporate welfare though.
OK, don't conflate the Chrysler bailout with "auto bailout". If you include GM's $10 billion or so of unpaid loan in the "auto bailout", of course they would be in the hole. TARP as a whole made over $15 billion for the government, if you want to talk about that.
If you count the money infused by Obama only, I've read (and Obama has stated explicitly) that the US government has recovered more than it has given. There is some controversy on the methodology, as I mentioned.
If you include the bailout money given out by Bush, then Chrysler has paid back 90% of the borrowed money and is in the hole by about $1 billion. https://projects.propublica.org/bailout/list
Corporate welfare? First of all, unlike the Wall Street, the Great Recession wasn't the fault of the auto industry. Second:
Quote:
But opting not to bail out the auto industry likely would have proven far more costly, since GM, Chrysler and many car dealers likely would have gone out of business without the government's help.
If GM and Chrysler had gone under, it would have cost an estimated $39 billion to $105 billion in lost tax revenues as well as assistance to the unemployed, according to a study from the Center for Auto Research. And the government also would have been on the hook for billions in promised pension payments to autoworkers.
OK, don't conflate the Chrysler bailout with "auto bailout". If you include GM's $10 billion or so of unpaid loan in the "auto bailout", of course they would be in the hole. TARP as a whole made over $15 billion for the government, if you want to talk about that.
If you count the money infused by Obama only, I've read (and Obama has stated explicitly) that the US government has recovered more than it has given. There is some controversy on the methodology, as I mentioned.
If you include the bailout money given out by Bush, then Chrysler has paid back 90% of the borrowed money and is in the hole by about $1 billion. https://projects.propublica.org/bailout/list
Corporate welfare? First of all, unlike the Wall Street, the Great Recession wasn't the fault of the auto industry. Second:
OK. So you agree that Chrysler was bailed out by guarantees by the US taxpayer. Unfortunately it will be the Chinese taxpayers that ultimately benefit from it. Obama's idiotic trade deals guarantee it.
8 years and you are left with blaming every stupid thing Obama did on Bush still. Bush was a moron. Obama was part II.
Sure he was, but when your predecessor commits to wars and bailouts you can't reverse those decision once the ball has started rolling. Billions were already spent on bailouts, wars.......
Sure he was, but when your predecessor commits to wars and bailouts you can't reverse those decision once the ball has started rolling. Billions were already spent on bailouts, wars.......
Yet Hillary was there during both administrations voting for and supporting every bad decision made by Bush & Obama on wars & bailouts.
As the article notes......the Renegade is not built anywhere in the U.S. Why are they building them in China? To get around import duties. I do not have a major problem with that. If they want to build these in China for the Chinese market fine. What will happen though is they will be shipped back here with NO import duties.
Look at Detroit..this is globalism on the American people and their cities.. we will become the poor nation of the world.
So you think Renegade is the only Jeep model. Just curious, are you guys even living in the US?
Blueberries are good. I can avoid the subject better than you.
The Renegade has started production in China to avoid import duties. It will be shipped back here with NO import duties. Where I live does not change that one bit.
OK, don't conflate the Chrysler bailout with "auto bailout". If you include GM's $10 billion or so of unpaid loan in the "auto bailout", of course they would be in the hole. TARP as a whole made over $15 billion for the government, if you want to talk about that.
No it did not. I have indeed talked about that endlessly. Much of what was claimed as being paid back never actually was. It was simply taking billions from new programs to pay back Tarp.
Every firm that took Govt bailout funds are using foreigners with work visas to work with lower wages and these firms are outsourcing production outside of the US as well. We are also at a point where these jobs will never return because the companies already invested provisions elsewhere that will be too costly to absorb on their balance sheet if they were asked to move back.
Govt for the big corporations.
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