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? [↩]