Thursday, April 30, 2009

Chrysler Files For Bankruptcy, Taxpayers Can Kiss Their Bailout Money Good Bye

Via Associated Press

Fear mongering. Less than 6 months ago, Chrysler Exec said that bankruptcy of one of the big three automakers could result in a Depression. Taxpayers gave Chrysler $4 Billion Dollars and an additional $1.5 Billion to Chrysler Financial.

We can kiss the Bailout money good bye.

Why is Bankruptcy such a good thing in April 2009 and was so bad last year?

Today, Obama said, Chrysler Bankruptcy not a sign of weakness but
in November, he urged then President Bush during a meeting at the White House, to support immediate emergency aid to the auto industry.

Chrysler files for Bankruptcy Court Protection taxpayers to throw more good money after bad, Obama says U.S. Taxpayers will purchase 8% of the failed auto company