UpstateNYUPSer(Ret)
Well-Known Member
Why is the Treasury forgiving the $1.6 billion loan to Chrysler ???????????????
Because they asked nicely.
Why is the Treasury forgiving the $1.6 billion loan to Chrysler ???????????????
As Obama fixes Bush's mess more people will vote Democrat, that is your fear. You can try to twist my words all you want because the truth hurts, but the fact is the economy is improving and its a direct result of good leadership.
So...how long 'til the teamsters need their bailout money?Your biggest shortfall is your only capable of thinking short-term. GM will need another bailout in the future. It may be 10+ years from now, but its going to happen just like how Chrysler received its 2nd bailout. Their pension funds are way underfunded, and now they have little incentive to produce higher quality cars because they know uncle sam has their back. When you remove the fear of failure from a private company that company has no reason to try as hard as its competitors to compete. Sort of like giving a drunk a drink, it does little to help them in the long run.
Didn't Chrysler also take a big chunk of bailout money?
Didn't Chrysler also take a big chunk of bailout money?
To be honest, don't care if you dislike GM. They just opened up a brand new plant here, hired about 3000 new workers. And thats what counts for me.
Jobs for the people !!!!