Friday, July 22, 2011

$1.3Bn Taxpayer Loss on Chrysler: ObamaNomics!

Oh, well. We NEED a debt-limit increase, see?

The U.S government has sold its shares in Chrysler LLC at a likely loss of $1.3 billion in taxpayer money, the Treasury Department said Thursday, announcing the end of a controversial investment that resurrected the troubled auto company.

The company is making money (for a change); there are no plans to recover taxpayer dollars from the profits.


2 comments:

Anonymous said...

I will never ever buy a car from Chrysler of GM. I'm so done with them. If I have a chance to influence someone to NOT buy from them, you bet I will do so.
One other thing. I have a very long memory.

Saint Revolution said...

Oh, yeah...

1.3Bn...just like that...gone...it's all Monopoly money to them...

Notice how they're dumping just before 08.02.2011?!

Kind of like they already know the pre-engineered Hank-Paulsen-like destruction is coming...

Anyone have any relatives working inside Goldman-Sachs?! Can we get an exact time on the corporatocracy blowout this time?!

Investors, take notice...think in 3D. It's coming...again...

Job = Journey Of The Broke.

Keep 'em busy and broke and they won't have the resources to revolt.