http://www.huffingtonpost.com/2011/07/21/chrysler-bailout-taxpayers-treasury_n_905999.html?icid=maing-grid7%7Cmain5%7Cdl6%7Csec1_lnk3%7C80262
In my own humble opinion, when we're trillions of dollars in debt, a business deal like this seems slightly ridiculous. It's apparently going to cost the tax payers in this country $1 billion plus. This is exactly why I thought the bailout was a bad idea. There were no guarantees that we were going to get that money back, and this move solidifies that.
Spending like this over the last couple of decades got this nation into the pinch we currently find ourselves in. As per usual, we did not change the way we do things but we somehow expected a different outcome??? With this deal in particular, what did we do to protect ourselves? Sell to Fiat for a loss?
It's things like this regarding government spending that need to be curtailed. There really was nothing in this for the American and Canadian people. We set ourselves for a loss and then facilitated that loss. As individuals, when we make a bad deal like this, we personally take it in the shorts.... then when our nation does it to us.... where's the outrage? Is this ok with American people????