Last winter when Chrysler was groveling and crying about having to go bankrupt the Obama Administration took control of the company and struck a deal to justify putting $12.5 B of our tax money in its bank accounts. Chrysler promised it would produce a 500,000 vehicle fleet of practical “electric” cars in just four model years!
Chrysler was merely the United Auto Workers’ bagman. Chrysler got our money then funneled it to the very unions that are killing the American auto industry.
Last week these thieves quietly announced the end of the “electric car” scam which they knew was a fake promise to begin with. The government’s money has run out so there’s no need to keep up the charade.
Thursday, November 19, 2009
Just one example of thousands...
Posted by traderrob at 4:48 AM