Damn Glad We Didn't Listen...
May. 24th, 2011 02:27 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
chris_gerribI'm damn glad we didn't listen when Mitt Romney, auto industry expert (an expertise he gained the same way I did, from listening to his dad) told us that we should let Detroit go bankrupt. You see, Chrysler corporation just paid back every bailout penny SIX YEARS early.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: 2011-05-24 09:56 pm (UTC)"I'm glad they took all that money from other people and gave it to me. I deserve it more than them, and it's made me rich, so it must have been a good thing!"
no subject
Date: 2011-05-25 01:21 am (UTC)We (the taxpayers) gave them a loan, and they (Chrysler) paid us back early. On what planet is this anything other than a smashing success?
no subject
Date: 2011-05-25 02:34 am (UTC)no subject
Date: 2011-05-25 02:43 am (UTC)no subject
Date: 2011-05-25 01:39 pm (UTC)No bank would have made the loan *in 2008.* In better years, they would have made the loan.
Which "less politically connected competitor" was allowed to fail? Even Toyota got government loans (from Japan) in 2008.
Again, "looting" is not equal to "loans."
no subject
Date: 2011-06-05 04:19 am (UTC)http://washingtonexaminer.com/blogs/beltway-confidential/2011/05/truth-behind-chrysler-s-fake-auto-bailout-pay-back
"...the Obama Energy Department is loaning a foreign car company $3.5 billion so that it can pay the Treasury Department $7.6 billion even though American taxpayers spent $13 billion to save an American car company that is currently only worth $5 billion."
no subject
Date: 2011-06-05 06:17 pm (UTC)