How Government Owned Chrysler Plans on Succeeding…

Posted by skipd on Jun 11, 2009 in News | 0 comments

You have to read the article I linked to the end to gain insight into Obama's plan to make Government owned Chrysler successful after he gave it away to Fiat.

"A lot of us have residual memories of Fiat that are less than stellar," Dilts said. "But I think the product looks good. They've got some great small engine capabilities. With a little bit of pressure on gasoline, I think they're going to give Fiat a look."

(Dilts is Gary Dilts, senior vice president of global automotive operations for J.D. Power and Associates.)

Problems of old Chrysler linger at new Chrysler by Tom Krisher - AP Auto Writer

Here is the quote: "With a little bit of pressure on gasoline, I think they're (American drivers) going to give Fiat a look."

The truth is that American drivers will not buy itsy bitsy Italian cars unless the gas prices force them. This venture of building enviro-marxist prescribed cars is doomed to fail unless government pushes the gas prices up by taxation and other means. This is how government motors works folks. Get ready for a $5.00 plus / gallon gasoline.

This utopian, delusional ideology combined with Obama's tyranny will bring more misery, poverty and death to millions of Americans. Fix It Again Tony!

Government Motors

Fiat is committed to get Chrysler for Free

Posted by skipd on Jun 9, 2009 in Main | 0 comments

Look at this headline:

Fiat commits to Chrysler deal despite court delay. Fiat says it won't walk away from Chrysler deal despite US Supreme Court delays.

by Colleen Barry, AP Business Writer at Yahoo! Finance

You get the sense that the FIAT is the good guy here, don't you?

Italian automaker Fiat said Tuesday it will not turn its back on a deal to acquire a controlling stake in Chrysler despite a U.S. Supreme Court stay on the sale.

What is it again Fiat offering for Chrysler? No money, nada, nothing, zilch! Fiat is going to get upto 35% of Chrysler initially. It may get a lot more if UAW decides to sell or give away its share. So, how much money Gaddafi's Fiat putting up to buy Chrysler again? A big ZERO! It is so nice for them to not walk away from this deal.

This is exactly what Fiat is offering:

Fiat has offered its small car and environmentally friendly engine technology, as well as management expertise, in exchange for an initial 20 percent stake in Chrysler, which will grow to 35 percent in 5 percent increments.

A purely political decision made by Kenyan-Indonesian-muslim president's administration is to give an American company to Gaddafi owned Italian company, Fiat, for free. Who wants to buy a Fiat 500? If Fiat was that viable in the United States, why doesn't it go about selling cars in the United States as other foreign car manufacturers?

This whole deal stinks folks!

Why did Obama sell Chrysler out to Fiat?

Posted by skipd on Jun 8, 2009 in Islam, News, Politics | 0 comments

Chrysler executives still hoped to avoid bankruptcy. The UAW had ratified a second round of concessions that froze wages, cut retiree health care benefits and agreed not to strike the company for more than six years. All but a handful of lenders had signed off on the U.S. Treasury's offer of $2 billion to write off $6.9 billion in Chrysler loans.

Reluctantly, however, the leaders were recognizing the harsh decision Rattner made weeks earlier: Chrysler was filing for Chapter 11, no matter what.

Rattner had met with Ron Kolka, Chrysler's chief financial officer, and told him how it would go.

"We need a deal with Fiat today. We were told to pretty much take it," Kolka wrote in an e-mail to Nardelli, Vice Chairman Tom LaSorda and Robert Manzo, a financial consultant Chrysler hired in November. Rattner and his colleague Ron Bloom "will call the union in and tell them what will happen. Then they'll tell the banks, 'Here's the deal: take it or liquidate it.' "

Obama's man called shots on bankruptcy BY GREG GARDNER - Detroit Free Press

This whole thing stinks folks.

Why Fiat? I thought one reason Obama and liberal democRATs sold out Chrysler to Fiat was to force production of tiny cars here in the U.S. I thought the enviro-communists saw a great opportunity in taking over a car company. I still believe this was one of the reasons but why was Obama so eager to sell Chrysler out to Fiat? Were there other reasons?

Whose interest was President Obama serving when on March 30 he ordered Chrysler to either conclude a merger with Italian automaker Fiat within 30 days or lose federal bailout funds? That untimely announcement placed Chrysler in the untenable position of accepting whatever Fiat offered, literally cutting the legs out from under the struggling American carmaker’s negotiating platform. Some financial analysts had already determined that what Fiat was offering was a very bad deal for Chrysler. “The steal of the century,” Forbes columnist Jerry Flint wrote of the deal back in January, “Fiat gets Chrysler for next to no money, and American taxpayers must throw in $7 billion to make it happen.” By most accounts, Chrysler was in real trouble, but by announcing to the world that Chrysler had no other alternatives Obama effectively told Fiat that Chrysler would accept whatever they offered, eliminating Chrysler’s ability to cut a better deal.

Why would President Obama undercut a US company, involved in a heated negotiation, in favor of a foreign company’s interest? Clear answers are not available, but there is one very curious shareholder in Fiat that raises some interesting questions. The African nation of Libya owns at least a 2 to 3 percent stake in Fiat and thus makes Muammar Qaddafi, who controls the wealth of Libya, a direct beneficiary of the deal favoring Fiat.

Does Obama owe Qaddafi? That is a tough question to answer, but Obama’s record-shattering 700 million dollar presidential fundraising operation and a revealing speech made by Qaddafi nearly a year ago seems to undress Obama’s inexplicable sabotage of Chrysler’s negotiating position with Fiat.

Obama - Qaddafi Coincidence? by Scott Wheeler - Townhall.com

We know that Obama is paying back the unions who helped him get elected. Is he also paying back Gaddafi?

Let's go back to 1986:

Because of Libya's investment in Fiat, the Pentagon has decided not to award a proposed $7.9 million contract to the company under which it would have built 178 earthmovers for the U.S. Marine Corps. Reason: the Reagan Administration does not want any American money to flow--even indirectly--into the coffers of a government that sponsors international terrorism.

Fiat's Silent Partners - Time.com

This was back in 1986. In the year 2009, the United States has a Kenyan-Indonesian-muslim president who is paying back people who helped him fraud Americans electing him by raising $700 million during the presidential campaign. Is the terrorist Gaddafi one of his fund raisers?

Barack Hussein Obama seems to be taking Gaddafi's advice also:

Gaddafi said Obama should adopt a policy of supporting poor and weak peoples such as the Palestinians and be a friend of what he called free Arab peoples rather than U.S. "agents" in the Arab world who, he said, were hated by their own people.

"We still hope he will be proud of Africa and change America and free America of its past policy, namely with the Arabs," said Gaddafi.

Gaddafi warns Obama against "inferiority complex" - Reuters - Jun 11,2008

Islamic socialism and pan-arabism / pan-islamism... Look at Hussein's address to the muslims where he addressed the world's muslims as a monolithic group that supposedly suffered under western economic and cultural imperialism...

This whole thing stinks...

Looting of The USA – Chrysler LLC Version

Posted by skipd on May 1, 2009 in News | 0 comments

Our Kenyan-Indonesian Anti-American President announces bankruptcy filing of a private company he invested with billions of dollars in our hard earned tax payer money.

He blamed some small hold out of investors / creditors for not agreeing to his plan of selling out this private company to its workers who happened to be part of UAW union that helped him get elected. He used the office of presidency to intimidate bondholders of this company to give up their claims; tried to influence the bankruptcy judge to agree to government's scheme and finalize bankruptcy within 30-60 days. The scheme that pays back to a union by giving majority ownership of a company they helped destroy. The scheme that gives 20%-35% of an American private company to an Italian for free so this italian company bring supposedly "green" tiny cars that are designed for tiny Italian roads to the U.S. to make delusional enviro-marxists happy.

Our president also pledged another $8,000,000,000 of our hard earned tax dollars to this now bankrupt company. This guy is making the crappiest investments with our money. Keep in mind folks, there is no discussion of the factors that brought Chrysler LLC to its current sad shape. Chrysler LLC makes small cars it can't sell. The only reason it is making these cars its customers do not want is to satisfy a government regulation that is there to satisfy enviro-marxists. A car company like Chrysler LLC that has a competitive advantage in designing, building and selling Sport Utility Vehicles, Minivans and Trucks is not allowed to capitalize on its competitive advantage. It is forced by the government to make cars it loses money designing, building. Government not only forced this company to make cars it can't sell, but also intimidated into giving into the demands of its union. I don't mind if you want to add other factors like management incompetency or general economical conditions. My point is that none of these factors are discussed and this whole think is not about sound business decisions. It is all about political expediency of a radical president who is using tax-payer money to reward his constituency. He is giving 55% of a private company to the union that helped him get elected. He is giving 35% of an American company to a foreign company so the environmentalists will be pleased to see itsy bitsy foreign cars are being sold here in the United States.

This same president is also committed $8 billion of our money for his grand experience in running a company based on political decisions. What happens when things don't go as planned by the supreme ego of Barack Hussein Obama? What happens if the bankruptcy judge sticks to the rule of law and ignores the orders of a tyrant in the White House and takes all the time to sort this thing out in a fair way? What happens when Americans refuse to buy these itsy bitsy Italian cars? How will we get our money back? Are we going to be forced into buying what government backed car companies produce? Will we be not only out of our money but also out of our freedoms?