The bailouts of GM and Chrysler were set up not to help the auto companies but to help the unions and to buy votes for 2012. The unions made out with loads of taxpayer dollars and stakes in the companies that they had no business getting — at the expense of the bondholders.
BOTTOM LINE: The bailouts were simply a means to launder taxpayer money back to the DNC.
“So, to recap, the Obama Energy Department is loaning a foreign car company $3.5 billion so that it can pay the Treasury Department $7.6 billion even though American taxpayers spent $13 billion to save an American car company that is currently only worth $5 billion.
Oh, and Obama plans to make this “success” a centerpiece of his 2012 campaign.
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/05/truth-behind-chrysler-s-fake-auto-bailout-pay-back#ixzz1OGuET9GM";
TH - TH - TH - THAT’S ALL FOLKS! .......................... FRegards