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Think you are being helped by all the 'bailouts'? Think again.
"As part of the company’s bankruptcy filing, Chrysler LLC will not repay US taxpayers more than $7 billion it received as part of the company’s bailout earlier this year. Instead, the US will get an 8% ownership in a firm whose value continues to deteriorate by the day."
Raw Story » About that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler (http://rawstory.com/08/blog/2009/05/05/about-that-loan-obama-team-agrees-to-write-off-7-billion-it-loaned-chrysler/ - broken link)
He will claim.....O.....I take full responsibility. Because that does a lot. He will then say it's Bush's fault. Then write another check.
Chrysler was taken over by the one company in the world who makes less reliable cars than they do, and now we own 8 % of that stinking pig - God help us.
Cerebrus now gets to dump a unprofitable company at minimal loss to them. They don't care that our grandkids are going to be stuck with the bill; that was the plan all along.
Think you are being helped by all the 'bailouts'? Think again.
"As part of the company’s bankruptcy filing, Chrysler LLC will not repay US taxpayers more than $7 billion it received as part of the company’s bailout earlier this year. Instead, the US will get an 8% ownership in a firm whose value continues to deteriorate by the day."
Raw Story » About that “loan”: Obama team writes off $7 billion taxpayers loaned Chrysler (http://rawstory.com/08/blog/2009/05/05/about-that-loan-obama-team-agrees-to-write-off-7-billion-it-loaned-chrysler/ - broken link)
I bet he won't be scheduling a prime time news conference to tell us about THAT now will he?
I bet he won't be scheduling a prime time news conference to tell us about THAT now will he?
Obama will do well to buy billions of GM fleet vehicles - not Chrysler-Fiat fiascos.
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