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Obama’s Stupid Car Tricks
National Review ^
| April 14, 2011
| Henry Payne
Posted on 04/23/2011 6:59:00 PM PDT by george76
Fiat just earned 5 percent more ownership in Chrysler for creating a product no one has bought yet.
Payment for non-performance. If you suspect this is government’s benchmark for success, you’d be right. More precisely, this is how the Obama administration measures success.
Let’s rewind the tape. Under King Obama’s gift of 20 percent of Chrysler to Fiat in 2009, His Highness decreed that Fiat would assume another 5 percent of the company upon production of a 4-cylinder engine in the United States. Not selling it. Simply producing it.
...
But wait, there’s more. The Italian automaker will gain yet another 5 percent ownership (35 percent total) of Chrysler later this year when it introduces a 40-mpg car. But, you might ask, surely the Fiat 500’s 1.4 liter, 100 HP, 4-cylinder mouse engine gets 40 mpg? Nope, it gets a mere 34 mpg.
Obama is transforming the U.S. auto industry as promised. Into what is anybody’s guess.
(Excerpt) Read more at nationalreview.com ...
TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: chrysler; fiat
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Suicide clown cars ....
ht comments
1
posted on
04/23/2011 6:59:02 PM PDT
by
george76
To: george76
Paying for designing and not producing an engine is far better than cash for clunkers, when he spent our tax dollars to destroy functional cars.
2
posted on
04/23/2011 7:05:26 PM PDT
by
Pollster1
(Natural born citizen of the USA, with the birth certificate to prove it)
To: george76
If this were anything but the US Gov’t, the contract grantor could be sued for fiduciary negligence.
3
posted on
04/23/2011 7:12:07 PM PDT
by
XHogPilot
To: george76
This is what "change" looks like.
4
posted on
04/23/2011 7:12:31 PM PDT
by
E. Pluribus Unum
("If you wish to be a success in the world, promise everything, deliver nothing." -Napoleon Bonaparte)
To: XHogPilot
Not to mention outright fraud.
5
posted on
04/23/2011 7:15:56 PM PDT
by
AmericanVictory
(Should we be more like them or they more like we used to be?)
To: george76
The one thing no American has ever done is purchase a second Fiat.
6
posted on
04/23/2011 7:16:55 PM PDT
by
muir_redwoods
(Obama. Chauncey Gardiner without the homburg.)
Comment #7 Removed by Moderator
To: muir_redwoods
8
posted on
04/23/2011 7:30:10 PM PDT
by
umgud
To: umgud
9
posted on
04/23/2011 7:33:47 PM PDT
by
Stosh
To: george76
Since Mr. Obama and his main advisors (including his wife) have never run so much as a hot dog cart or a Subway sandwich shop, why does this surprise anyone?
10
posted on
04/23/2011 7:41:36 PM PDT
by
2ndDivisionVet
(A thorough knowledge of the Bible is worth more than a college education. TR)
To: umgud
Good one, better than the fiat currency line I was working on
11
posted on
04/23/2011 7:41:44 PM PDT
by
muir_redwoods
(Obama. Chauncey Gardiner without the homburg.)
To: george76; All
12
posted on
04/23/2011 7:53:54 PM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: 2ndDivisionVet
A lemonade stand would be beyond their pay grade.
13
posted on
04/23/2011 7:54:27 PM PDT
by
reg45
To: george76
Fiat 500: manual transmission, with “semi-automatic” transmission option, whatever that is. Leave it to the Italians to come up with a qizmo like that! I’m sure Americans are going to be beating down the dealership doors to buy a car that has a wheelbase the size of a piece of plywood, tops out at 80 mph and comes with an optional “semi-automatic” transmission. Sounds an awful lot like the gubmint car in “Brazil”.
14
posted on
04/23/2011 8:10:24 PM PDT
by
catnipman
(Cat Nipman: Made from the right stuff! "Anybody but Obama in 2012!")
To: george76
Trump can take back Chrysler just after taking all the oil. Why didn’t Honda get Chrysler or another of the real car makers?
15
posted on
04/23/2011 8:16:52 PM PDT
by
UncleSam
(Palinista,Paulite,Trumper, Birther,Proofer,TeaParty-Northside,RackHead and yesterday,called a Moron.)
To: UncleSam
Why take a loser? Honda is kicking GM’s ass.
16
posted on
04/23/2011 8:19:09 PM PDT
by
eyedigress
((Old storm chaser from the west)?)
To: muir_redwoods
My BIL had one in 1973. It was what you could do to get around.
17
posted on
04/23/2011 8:21:12 PM PDT
by
eyedigress
((Old storm chaser from the west)?)
To: george76
18
posted on
04/23/2011 8:36:10 PM PDT
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole...)
To: george76
19
posted on
04/23/2011 8:47:56 PM PDT
by
Nat Turner
(I can see NOVEMBER 2012 from my house....)
To: george76
Quite possibly my next car.
20
posted on
04/23/2011 8:53:41 PM PDT
by
BigCinBigD
(Northern flags in South winds flutter...)
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