When Will Obama Demand that Chrysler and GM Repay Their "Loans"?

B

Brutus

New member
He has been out there bashing the banks, which HE gave OUR money to, but I have yet to hear anything about the billions he gave to GM and Chrysler. Where does this guy get the gaul to blame the banks for giving bonuses when he was the one who gave them the money to do it?
 
The auto company loans, like the bank bailouts a couple of months earlier, were originally made by...George W. Bush (you remember him don't you?) in December, 2008 after Congress had rejected making them, Bush directed Treasury Secretary Paulson to make the loans to the auto companies from TARP funds.

The auto loans had terms and conditions requiring financial plans in three months, which were then reviewed by the new Administration which provided further funds in return for equity in the companies. The loans have a limited time period in which they must be repaid. They are loans, not gifts.

Therefore, your question reflects almost total ignorance of the reality of the situation which you asked about.
 
Or the AIG "loan". Everyone who isn't blind knows that these companies that put themselves in a position where the only place they could turn was the government will not be able to repay the government.

AIG, Fannie Mae, and Freddy Mac are often lumped with the banks so politicians can hide the how badly those three corporate welfare recipients are doing. The politicians also must hate Ford. Ford's success during this so-called "auto crisis" illustrates that the problem wasn't the customer or even the UAW, but General Mismanagement at GM and Chrysler. Charity should help those who are less fortunate, not those who are more fortunate but don't assume any responsibility for the risks they take.

To answer your question, never, but don't be surprised if he taxes Ford's success as a punishment for not taking part in his scheme.
 
Let's see. He has to stop bashing President Bush. After all, he did ask Bush to help with Haiti Relief efforts. ((What a f@@@@g joke ! If Bush weren't a patriot and a gentlemean, he;d tell; Obama to shove it))

For awhile,.. he was bashing to the Inurance companies, now it's the banks turn, ,let's wait awhile until the auto companies start showing a profit. Then . I guarantee he will start bashing the auto com panies.

Never let a chance to blame someone else for your own incompetency go by.
 
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