CHRYSLER ON THE DOLE….PAY BACK YOU CAN BELIEVE IN…WITH YOUR MONEY
Few Americans realize the reality of the saving the auto manufacturers so that they could be given to the unions. From the American Spectator website Eric Peters explains about Food Stamps for Chrysler:
Chrysler is building cars again. The problem is, they’re the same cars Chrysler was building before it collapsed.
Many of these—like the Sebring and Avenger—have been obviously uncompetitive for years. Others—like the PT Cruiser—are completely out of date. (The PT’s basic chassis dates back to the 1990s-era Dodge Neon.)
Thousands of them, built pre-bankruptcy, remain sitting on storage lots all around the country. Yet Chrysler is cranking up to build more of them.
And the government is paying Chrysler to do this.
More accurately, the American taxpayer is providing the financing to Fiat—the foreign car company that now owns a majority of Chrysler—in order to make it possible for Chrysler to keep on building lemons.
And why is the future bleak? The article continues:
But the money to rehab its product line was gone with the wind. The Germans, wisely, pulled out in the nick of time—leaving a now cash-poor Chrysler to face an unprecedented downturn with no reserves to design and tool up new models to meet the changing times.
Which brings us back, full circle, to the bailout and the massive, taxpayer-funded make-work project.
How is this all possible? Or more exactly why? Payback. Oama must repay the unions who along with trail lawyers keep the Democrat Party alive according to the American Institute for Economic Research:
Since 1990, labor unions have contributed over $667 million in election campaigns in the United States, of which $614 million or 92 percent went to support Democratic candidates. In 2008, unions spent $74.5 million in campaign contributions, with $68.3 million going to the Democratic Party. Already, unions have contributed $6.5 million to the 2010 elections, and $6 million has gone to Democrats, according to the Center for Responsive Politics in Washington, D.C
.
Comments from the N.D. congressional delegation regarding this insanity has been………?
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