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Posted by David Sherman on Thursday, April 30, 2009 at 19:21:46 :

In Reply to: whats wrong with this picture ? posted by MikeyStone, idaho on Thursday, April 30, 2009 at 15:30:18 :

Well, I just read what all Obama has done in his new career as combination automaker and investment banker. First he lambastes the hold-out bond holders for being greedy (i.e. wanting their money back). Then he decides how much of the company the government will own, and how much Fiat will own. Then as part of the Fiat deal, he tells them they have to make a 40 mpg car in the US, sell Chrysler cars overseas, operate a certain number of US assembly plants, and on and on. About all he didn't tell them is what color they have to paint the cars, unless the editor left that out of the article. (red and black would be my guess).

This isn't like the old Chrysler bail-out where the government just lent them some money. This President Obama personally managing a car company, making decisions about what to produce where and how to sell it.



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