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Why does Obama hate Chrysler that much that he wants to Sell it to Fiat?
- Thread starter Samm
- Start date
God of Thunder
New member
He doesn't care about that.
He took over Chrysler so he could give the UAW a 55% stake in the company. Now when the deal with Fiat goes through and they turn a profit, the UAW is going to be flushed with cash and guess who they'll donate it to?
Obama and the Democrats.
It's political payback.
He took over Chrysler so he could give the UAW a 55% stake in the company. Now when the deal with Fiat goes through and they turn a profit, the UAW is going to be flushed with cash and guess who they'll donate it to?
Obama and the Democrats.
It's political payback.
Booyakasha
New member
Have you forgotten that Chrysler was just recently owned by Daimler (a German company) from 1998-2007? Chrysler hasn't been an American car company for over a decade. Obama has nothing to do with it.
Actually, Fiat is only going to have a 20% stake in the company, so in comparison to other times that the company has been sold, that's not too big a deal.
You should research the company's history.
Actually, Fiat is only going to have a 20% stake in the company, so in comparison to other times that the company has been sold, that's not too big a deal.
You should research the company's history.
MoltarRocks
New member
He doesn't. He had a sweet deal in place to give the UAW a 55% stake (which they, as an unsecured creditor, don't deserve).
Maybe if Chrysler made cars that were reliable and that people actually liked, they would not be in this position.
Maybe if Chrysler made cars that were reliable and that people actually liked, they would not be in this position.
desotobrave
New member
Actually, if the government would get out of the way, this problem would already be solved.
M
Marcia N
Guest
He isnt selling it to them. He's giving away 20 percent of ownership even though they havent invested one penny.
Neat, the american government confiscates a company and starts giving part ownership away for free to a foreign entity.
Neat, the american government confiscates a company and starts giving part ownership away for free to a foreign entity.