The truth behind Chrysler’s fake auto bailout pay back Conn Carroll Beltway Confidential Washington Examiner
"But as The Truth About Cars reports, the loan pay back is just another Obama con job:
Back in November of 2009, when GM announced that it would repay its government loans, it didn’t take much investigation to realize that The General was simply shuffling government money from one pocket to the other and that true “payback” was still a ways off. …
And now that our government finds itself “contemplating a runaway deficit and getting rid of its 8 percent of Chrysler’s equity,” would you believe that a similar federal money-shuffle is under way?
Believe it.
American taxpayers have already spent more than $13 billion bailing out Chrysler.
The Obama administration already forgave more than $4 billion of that debt when the company filed for bankruptcy in 2009.
Taxpayers are never getting that money back.
But how is Chrysler now paying off the rest of the $7.6 billion they owe the Treasury Department?"
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