Big difference.
The Obama Admin can TRACK those buck$.....unlike the BU$HCO Bank-Buck$......much like those Iraq Football$
If your system of "tracking" is anything like recovery.gov, then we have no idea where any of the money has gone.
Big difference.
The Obama Admin can TRACK those buck$.....unlike the BU$HCO Bank-Buck$......much like those Iraq Football$
asur;95093]This statement shows how foolish Obama is -
As Obama himself put it, "If the Japanese can design an affordable, well-designed hybrid, then, doggone it, the American people should be able to do the same.
Lol - I never saw the Duke brothers get hurt too bad in the General Lee.
Lots of genuine metal and none of that cheap Fiat plastic!
I want a nice big SUV or crossover as long as it isn't made by Chrysler
and it has some weight to it. Maybe Nissan, Honda or Toyota will have to do.
It doesn't have to be a big gas guzzler like the Hemi Obama used to drive.
I care about my health unlike Obama.
The begging for bailout money has left a bad taste in my mouth also.
Big difference.
The Obama Admin can TRACK those buck$.....unlike the BU$HCO Bank-Buck$......much like those Iraq Football$
I also base my car ideas of redneck tv shows.
If your system of "tracking" is anything like recovery.gov, then we have no idea where any of the money has gone.
"President Obama's harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker's debt.
"Some of the characterizations that were used today to refer to us as speculators or to say we're looking for a bailout is really unfair," said one executive who spoke on condition of anonymity because of the sensitivity of the matter. "What we're looking for is a reasonable payout on the value of the debt . . . more in line with what unions and Fiat were getting."
"In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout," Obama said. "They were hoping that everybody else would make sacrifices, and they would have to make none. Some demanded twice the return that other lenders were getting. I don't stand with them."
.....Kinda like those anonymous hedge-fund members, huh?
I'd say this qualifies as The President's "Bring 'em ON!"-moment.
It doesn't matter a hill of beans if we can track a dollar that is wasted. We tracked the billions straight to a garbage can. Whoopty freakin doo.
"But now that these hedgies are looking at the butt end of a government-imposed cramdown that would give them only 30 cents of each dollar owed by Chrysler, suddenly they're all about fairness and the rule of law.
What you need to know about these vultures is that their idea of fairness is throwing 100,000 people out of work and denying retirees their pensions and their health benefits just so they can liquidate the company and maybe squeeze an extra 15 cents on the dollar from their Chrysler debt."
Those people did nothing illegal.
I really wasn't planning on it, but now that
the Gov't and Union own much of Chrysler and run it, I will
make a point not to ever look at one.
Why? Because buying a Chrysler will be helping
the big, corrupt Democratic machine.
Chrysler is no longer an American company in my mind.
...Chapter 11 bankruptcy is the one where you reorganize. Many companies declare chapter 11 and come back in short order after they can restructure.
Filing for bankruptcy up front would not have resulted in their elimination, it would have resulted in a quicker reorganization (or sell off) which would have saved billions of taxpayer dollars.
First... Letting Chrysler collapse back at the beginning would have almost certainly have soured the merger with Fiat... and without a partner Chrysler was doomed regardless.
Secondly... Chrysler sales will almost totally tank and a whole lot of good hard working people with families will be out of work for at least 2 months even now with everything in place... even with the Fiat merger and the government guaranteeing warranties and helping them through bankruptcy.
Had this just been a regular tank out reorganization it could have taken much, much longer. And with none of the moves that have taken place there quite likely might not have even been a viable market left for Chrysler on the other side.
So taking everything into consideration personally believing Chrysler was about a dying breed anyway I could have went along and said, roll the dice I don't really care if they make it or not... sometimes bad things happen.
But on the other hand I think President Obama did the right thing to do everything he could to save the United States THIRD LARGEST EMPLOYER!
That's a lot of families. Hind sight being 20/20 so it won't matter but if Chrysler comes out of this mess and the Fiat merger saves the brand here in the US I'm calling it a HUGE... ENORMOUS... VICTORY for President Obama.
Lol - I never saw the Duke brothers get hurt too bad in the General Lee.
Lots of genuine metal and none of that cheap Fiat plastic!
I want a nice big SUV or crossover as long as it isn't made by Chrysler
and it has some weight to it. Maybe Nissan, Honda or Toyota will have to do.
It doesn't have to be a big gas guzzler like the Hemi Obama used to drive.
I care about my health unlike Obama.
The begging for bailout money has left a bad taste in my mouth also.