Monday, March 30, 2009

Obama F's over Chrysler

Leave it to the Obama admin and his foreign car loving taskforce to force this. From Forbes magazing.

The U.S. government has threatened to suspend federal aid for Chrysler unless it secures a deal with the Italian carmaker within 30 days, senior administration officials told Forbes. (See “Obama Takes The Wheel In Detroit.”) Chrysler, along with General Motors, has already received $17.4 billion in federal loans and has asked for billions more.


So you're giving the foreign car maker all the leverage in a deal. Thanks a lot. With "friends" to America like Mr. Obama, our country doesn't need any enemies.

1 comment:

liberalshateusa said...

Barry firing Rick Wagoner was a tactical mistake. Better to have let the car companies go directly to Chapter 11 and have a judge work out the bitter medicine to the workers and bondholders.

By sacking GM's CEO, packing the new board, and giving direction as to which brands to drop and what kind of cars to make, Obama takes ownership of General Motors. He may soon come to regret it. He has now gotten himself so entangled in the car business that he is personally guaranteeing your muffler.

Swing states that loose plants will be against Barry and if the UAW contact is shredded the unions will turn on him.

Barry is a one term Prez Thank God