{OT} chrysler bankrupt but getting more bailout money

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badgolferman - 30 Apr 2009 17:28 GMT

What happened to the only way to save the auto industry? Weren't we
told the bailout was absolutely necessary to prevent the companies from
going under? Why didn't they just go bankrupt before the government
insisted we MUST bail them out?

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WASHINGTON – Chrysler will file for Chapter 11 bankruptcy protection
in New York on Thursday and will be eligible for up to $8 billion in
federal aid to rebuild the ailing automaker, according to senior
administration officials.

The officials say bankruptcy is necessary after talks with some of
Chrysler's holdout creditors over the company's $6.9 billion in debt
fell apart last night.

http://news.yahoo.com/s/ap/20090430/ap_on_bi_ge/us_chrysler_13

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"The human race divides politically into those who want people to be
controlled and those who have no such desire." ~ Robert A. Heinlein

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bogusmailmark@yahoo.com - 30 Apr 2009 18:54 GMT

Chrysler could probably blow up its plants and make itself eligible
for $5B in bailout funds for reconstruction.

When all you have is a hammer (our $$$), everything looks like a nail.

On Apr 30, 12:28 pm, "badgolferman" <REMOVETHISbadgolfer...@gmail.com>
wrote:

> What happened to the only way to save the auto industry? Weren't we
> told the bailout was absolutely necessary to prevent the companies from
[quoted text clipped - 17 lines]
> "The human race divides politically into those who want people to be
> controlled and those who have no such desire." ~ Robert A. Heinlein

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badgolferman - 30 Apr 2009 19:05 GMT

Obama's "necessary" plan to save the car companies from bankruptcy
failed. This is the issue. He has been a complete failure since
taking office, and an expensive one at that also.

>Chrysler could probably blow up its plants and make itself eligible
>for $5B in bailout funds for reconstruction.
[quoted text clipped - 20 lines]
>>
>> http://news.yahoo.com/s/ap/20090430/ap_on_bi_ge/us_chrysler_13

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CharlesTheCurmudgeon - 30 Apr 2009 19:22 GMT

When all you have is an a$$hole, the world looks like a giant toilet bowl.

And believe you me, that's all we've got in Washington is 538 a$$holes. 435
Congressa$$holes, 99 SenatorA$$holes, 1 PresidentA$$hole, 1 VP A$$hole, 1
Chief of StaffA$$hole and one SenatorWannabeA$$hole.

Charles Grozny

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