This is one big reason why I am very much against taxpayer bailouts to the banks, AIG, or the Detroit automakers. The taxpayers just lost $7 billion dollars to a badly run company, and it's infamous UAW. If I absolutely have to choose between using my tax dollar to bailout private corporations or using my tax dollars to get free healthcare, then I'll choose the latter. At least I get something. And gifting 55% of Chrysler to the UAW, while shafting the secured creditors and bondholders, is just plain wrong. If I were a auto parts supplier I wouldn't want to supply Chrysler or GM with parts anymore. Bailing out a select group of private corporations ... what a waste of our money.

I mean, are we surprised? I could've bet money that we were never going to see that money again. Good job tax payers, give yourself a pat on the back. Chrysler is thankful of our money.

Party affiliation means nothing. Let those who think remember that this is government and especially "centralized/group thinking". Government is centralized, Chrysler management is centralized, UAW is centralized.
My curiosity is which group is most against individuality.

The Chinese will bring the Russians with them.

kind of guy. But the more that comes over the wire, the sweeter the Tundra & Titan look. I own 6 vehicles and all are domestic. That figure includes 2 Harleys. I am also largely anti-union. Their use was pretty much obsolete 20 years ago. But ya gotta stay in the money, correct? I condone the use of a bargining unit otherwise the power and greed to be would come out & plow over the work force. But the mission of a bargining unit is far different from that of a "union". Now we (the tax payers that don't belong to a union) are stuck with not only keeping the Fed in the money, but also the spoon-fed union members. I know, they pay taxes too. But their share that's contributed fits in my charge jar.

I recommend that anyone who feels, as I do, that the government has no authority to give our tax money away, read this, written by Colonel David Crockett, and entitled "Not Yours to Give."
http://www.fee.org/pdf/books/Not%20Yours%20to%20Give.pdf

Why would we expect Chrysler to pay back TARP money when they won't even allow the banks to pay it back?

I gave up on American cars in the 80s with all the crap they produced. When the foreign carmakers (some built in the states now) continued to build a better car, the American carmakers wised up and improved their quality. For many, the UAW will be the final straw.

What fool believed that a dime of that “stimulus” money or any other money that’s been wasted in the name of stimulus would be paid back. What we have been witnessing since TARP, is massive government self preservation, plain and simple. Washington needs to be fired!

I agree with ignoring "copyleft". By reponding to him, you are enabling him to hijack the discussion into the realm of ignorance.
Be your own editor on these posts.

....man you hit the nail squarely on the head. You are absolutely right that Mccain would have supported this tyranny and legal plunder. When are people going to wake up?! What is it going to take? Guys head over to Campaign for Liberty...do it today!

Honestly I am worried about having a blog right now. People with views similar to mine are trying to lay low right now for the most part simply out of fear. The government calls people like me a "rightwing extremist". I know that the masses of conservatives believe that the DHS was targeting every conservative, but the real truth is that they are specifically targeting those that really have their agenda pegged. I am no more radical than any other conservative honestly, but I do know that I am a little bit ahead of the curve when it comes to what is actually going on right now. Once things really start changing more Conservatives will understand the problem we face and will stand up. The problem is that there are too many Conservatives out there as well as Democrats that think that this is just going to be business as usual. It ain't. All those crazy scenarios that just couldn't happen are happening. The reason these scenarios could never happen is because it would require insane amounts of corruption for it to even work. This is why people do not believe this stuff is happening even while it is in full swing. Our government has literally been working off the cliff notes of Horace Liveright's famous 1928 work, Propaganda. I wouldn't be surprised if Rahm has a copy in his suit pocket. Scary times people. Get with it or see it go away forever.

I have always bought Chevies--never again. Nor will I ever buy a Chrysler.

I will not support corporations and unions who stay afloat with billions in tax-payer dollars.

My next new vehicle will be a Ford or Toyota.

But won't the $100 million that Obama wants his government to cut going to make up for the $7 billion?

LOL, no your response didn't post but you might have a point there!

Ok Ivan, I've asked before, do you have a blog?

I'll probably regret this:

http://libertarianwoman.blogspot.com/

No trolls allowed!

So now the UAW is on welfare!

I will no longer buy a single vehicle that is produced with a unionized workforce. I am sick of their antics and thievery. I will purchase cars and trucks made in southern plants with non-union labor.

Chrysler's quality has been so poor for so long it would be more effective to ship inventory directly from the assembly line to the scrap heap. The only parties that would shed a tear if Chrysler went under would be its employees, our socialist government and, of course, hundreds of thousands of tow truck owner-operators who will now have to find second jobs.

You can bet no one will be buying bonds, making loans or helping companies get off the ground if there is even a tiny little chance that the government might step in. More lost jobs, more lost revenue.

But it's a good thing according to the trolls!

...sigh....

...the effects of voting for a non-conservative almost 3rd party type like Amnesty Mccain and splitting the conservative vote to give Obama the win when there were available conservatives like Chuck Baldwin and Bob Barr...no reason to complain now. We amongst the Ron Paul Republicans have been trying to warn about this stuff for about the past year and a half before Obama was even elected. You're KIDDING yourself if you think this is where Obama's radical lawlessness ends. Remember we're still in the first year.Mccain voters you made your bed, and allowed the media to convince you that REAL conservatism(Paul,Barr, Baldwin) could not win. We have a chance in the mid term to listen to Paul, lets see how many have the courage to insist that Republicans destroy the leftist neo-con world police mentality and return to traditonal conservatism and the constitution......it starts with overturning the Patriot Act and bringing troops home from everywhere and forging a new non-interventionist non-nation building foreign policy with secured borders. The ideas of the founders. Now I guess its time for the neo-cons to attack my traditional conservative stance, since they usually have a naturally occuring fear of freedom and responsibility.

They were never going to pay it back. The fed is only going to give TARP/Stimulus money to the companies they KNOW will never be able to pay it back. That is how they are killing our economy. This is how they plan to convert our economy to a socialist one. There really is no other way to handle this. They give the money to companies that are surely going to die. Once everything goes to hell they swoop in with a solution. Little did we know this was the plan all along.

This is exactly why I was upset when Bush decided to sign this bailout for the auto industry.Although,had he not, people would be blaming him for the failure of the auto industry because he did not sign it. He could not win, but I wish he had thought conservative on that one. At least he could have spared the taxpayers those billions, at least until Obama came in and spent it on them since he was so for it -which we know he would have.

Where did that money exactly go ? Did it pay off debt ? Wasn't anyone "stimulated" with $7B ? I would.

Well, the UAW may be a signioficant owner but owner of what? Since their interest is most often at odds with mangement, do you think they will be able to make decisions that will return the carmaker to profitability so the stock will be worth something to the UAW trust? We shall see but I bet not and the retirees of the UAW trust will be the individuals most effected.

The fact that Neal would heap all the blame for this squarely on the government, and completely exonerate (or simply not mention) the greedy, incompetent looter CEOs who trashed the company in the first place.

No, they're the REAL victims in all this, aren't they? Hounded by those all-powerful unions, forced to accept bailout money at gunpoint by those scheming congressfolks... and now defaulting on the loan because they simply had no other options!

I wonder if there's some sort of charity fund Neal could set up to help these sad, sad victims of circumstance? Perhaps a "Save the Looters" foundation. We need to help these poor victims!

This is completely against any bankruptcy law or presedent(sp?) ever.

Wonder how Lauria's lawsuit is coming?

BOHICA