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”?
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?