There are a few takes on the new owners of Chrysler, which is being purchased by Fiat.
This version is what many in the media want you to think is the news, but there'a another article about this purchase, which isn't such a rosy picture of a successful business venture.
Long story short: The current administration pumped 12 billion of taxpayer dollars to put substantial amounts of money into the hands of political friends; at the cost of not only tax dollars, but in the theft of pension funds for those that weren't such good friends of the Obama Administration. To add insult to injury, unsecured creditor were included in those that were left with damn near nothing.
So how does this play out? Fiat hasn't been doing well either, so to make all this work, it will need to push the manufacture and sell of the "environmentally unfriendly" vehicles that Chrysler is making money by selling. I'm guessing this fact will be overlooked by an administration that has pissed off billions into renewable energy at the cost to taxpayers, who not only lost the money, they're now required to pay interest on the money borrowed and used for this fiasco.
So, due to the circumvention of law, a failing Italian automaker will soon be owner of an American automaker, thanks to an administration that had no qualms about stealing the company from honest individuals for political gain. Think about this the next time you see one of those Dodge truck commercials. I don't know about you, but I think it's unpatriotic to purchase one of these vehicles. Any profits go overseas and you only perpetuate a criminal enterprise.
In Case You've Wondered
My blog is where my wandering thoughts are interspersed with stuff I made up. So, if while reading you find yourself confused about the context, don't feel alone. I get confused, too.
If you're here for the stories, I started another blog: scratchingforchange.blogspot.com
One other thing: sometimes I write words you refuse to use in front of children, or polite company, unless you have a flat tire, or hit your thumb with a hammer.
I don't use them to offend; I use them to embellish.