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Obama wins Chrysler Loses
Obama’s Auto Industry failure *is* successful
Obama sells bailouts as only way to save auto industry
gives money and dictates what to do with it, how to spend the money
doesn’t work, billions of your tax money spent (Obama plan fails?)
political solutions to business problems don’t work - no secret
chrysler is forced to go bankrupt - no secret
Bankruptcy after banks are nationalized - on purpose
bond holders are forced to give up stakes, company is going down
privated banks are forced to give up
national banks go along of course, Obama silent partner
company is turned over to the UAW, exactly what Obama wants
A privately owned company has just been dismantled and turned over to the UAW (Union friends of Obama Administration) backed by banks which are partly run now by the government. Socialism is alive and well.
GM is next.
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