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To: cbkaty
Not relevant...Chrysler paid back every penny of that bailout.

It is very relevant.

The government has absolutely no business or right to subsidize private industry with tax money.

When they do, as with every other government intervention, the government gets to decide the terms. Assuming he benefited in 1979, it's hypocritical to complain now because the terms don't suit him.

16 posted on 05/22/2009 9:21:15 AM PDT by mountainbunny (Mitt Romney: Collect the whole set!)
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To: mountainbunny
Not relevant...Chrysler paid back every penny of that bailout. It is very relevant.

I agree that the government should not be involved in private business...I meant that the 1st Chrysler bailout did not include the government being part owner nor the taking of the bond holder's equity.

Iaccoca and team paid it all back.....

36 posted on 05/23/2009 3:36:28 PM PDT by cbkaty (I may not always post...but I am always here......)
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