Posted by Darth Venomous @ 21:21
Most of my life, I’ve owned either GM or Ford vehicles. There were a couple of years when I owned a Honda Civic – lame little thing that could literally not hit 50 going downhill with a tailwind – but it was a four-on-the-floor, and that’s what counted.
Seeing, though, as they were all Fords or GMs, I had hoped one day to own a Dodge or Chrysler, just to see what the big deal was about them.
Sadly, however, that now won’t happen – because, just like GM, Chrysler has climbed into bed with the Ayatollah Obambi.
President Barack Obama announced Thursday that Chrysler would head into bankruptcy with the aid of up to another $8 billion in taxpayer money, a last-resort attempt to quickly restructure the struggling giant.
As part of the deal, Chrysler is signing a partnership with the Italian company Fiat. The government will be an investor in the revamped Chrysler and will help choose its new directors, but the Obama administration does not plan to help manage the company.
Oh, sure. Suuuuuuuuuuuuure it doesn’t. Like ol’ Jugears McHopenchange would pick directors from a list, say, of Tea Partiers.
Pull the other one, Soetero.
Bankruptcy doesn’t mean the nation’s No. 3 automaker will shut down. A Chapter 11 bankruptcy filing would allow a judge to decide how much the company’s creditors would get while the company continues to operate. The goal is for the whole process to happen quickly, Obama said, perhaps within a couple months.
Perhaps not – but if the American people wake up and smell the coffee on this one, they’ll run so far, so fast away from Chrysler that Iacocca’s old company won’t have any choice but to liquidate.
Unless, of course, the United Auto Workers
mob union which is gonna wind up owning the company after all this has some sort of “incentive” plan to compel us to buy their P’sOS. Kneecapping, perhaps – “buy ourse carses or else Luigi’s gonna come see youse”.
An offer we can’t refuse, indeed.
Shame. I was looking forward to test-driving a new Charger.