Italian Fiat Finishes Buying Out Taxpayer-Funded Chrysler

Remember how Obama summed up his first-term successes with the pithy “Bin Laden’s dead and GM is alive”? Well, I think reports of GM’s life have been greatly exaggerated.1 Fiat just finished buying out Chrysler, propped up by billions of your tax dollars. One of the big three, Chrysler was apparently saved by a merger with Fiat, itself a failing car company. It turns out Fiat’s credit rating was already “junk” even before the Obama Read more […]And for that matter, where’s Osama’s body? [↩]

Tax Fed Auto CEO Tells Plundered Public To Stop Complaining

I respect the Obamaphone lady far more than this man: “CEO Dan Akerson said it’s time to end the debate over whether the government’s 2009 bailout of the automaker was worth it. ‘Four years afterwards, it’s pretty hard to debate (that) it wasn’t successful, $25 billion in profits later,’ Akerson said Thursday at GM’s annual meeting, in response to a shareholder question suggesting that some people won’t buy GM cars until taxpayers are repaid. Akerson noted President Bush and President Obama Read more […]