On Chrysler and the Autos

The President explains his most recent decisions on the auto industry: "While many stakeholders made sacrifices and worked constructively, I have to tell you some did not. In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices, and they would have to make none. Some demanded twice the return that other lenders were getting. I don't stand with them. I stand with Chrysler's employees and their families and communities. I stand with Chrysler's management, its dealers, and its suppliers. I stand with the millions of Americans who own and want to buy Chrysler cars. I don't stand with those who held out when everybody else is making sacrifices. And that's why I'm supporting Chrysler's plans to use our bankruptcy laws to clear away its remaining obligations so the company can get back on its feet and onto a path of success." (public domain)

Category:

News & Politics

Tags:

• President
• Barack
• Obama
• Auto
• Industry
• Chrysler
• Workers
• Hedge
• Funds

[cosmeticnerd]

thank god no more bailouts

ITS THEIR FAULT FOR NOT USING STATISTICAL PROCESS CONTROL

if you know statistics you know what i am talking about

[algeriechat2]

hello it's for the handicapped....

[V0DEAN]

he's not doing a very good job fixing it

[samsunguitar]

Watch "The Obama Deception" in HQ! This is the truth about Obama that you must know!

[thevanni]

I hope Americans won´t keep buying these SUV or only german cars, Chrysler and Fiat may be a success !!

I cross my fingers

[dodgechryslersucks]

A multi-billion dollar corporation purchased Chrysler (Cerberus) and they have REFUSED to invest any of THEIR OWN BILLIONS into Chrysler, THE COMPANY THEY PURCHASED. How is that possible?

[masculinesensuality]

genie0390 GET A DICK AND DIE YOU REDNECK S.O.B.! Bush messed your country up. This man, our President your's too, is fixing it. Make funny of him all you want. Because the more he fixes this mess the more he makes you look like your stuck on stupid.

[genie0390]

why not make fun of the little creep?

remember how all you progressives made fun of Bush for not speaking well?

it seems that Obama without his teleprompter fumbles around MORE than Bush

[dkkght46]

The new 2009 Obama Chrysler Coercion comes with a broken compass, a backseat driver, fine corinthian leather and a bumper sticker which reads

"I pay lip service to the troops"

For your best deal see Barack, the $99 dollar down man...