Hey America!! Watch Us Pull a Rabbit Outta Our Hat Our Ass Pay Back These Gubmint Loans!
It’s prestadigitational!!
…While Chrysler’s borrowing its payback money from the private sector, over a billion of that money is coming from the Italian company Fiat, which would increase its stake in the company to 46%. So Americans are still on the hook* for a company that is rapidly becoming a foreign car company. That’s absolutely nuts!
And we can’t forget that the union that brought the company to its knees in the first place was given a 60% chunk of Chrysler by President Obama — who just ripped up the ownership papers of secured bondholders to hand the company to the unions.
That’s usually called theft. But in this case it was called a “bailout for the good of America.”
*We still OWN 8% of this turkey. How’s THAT for “paybacks/making it sound like we’re clear of the thing”?
Biz, Nanny State, People, Politics | tree hugging sister | 
May 25, 2011 4:25 pm
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Oh, come now, you can’t expect us to believe they would lie, do you? Of course they are paying the money back…just like GM did.
What?