Would republicans have been happier to see Chrysler fail rather that see us get

[DocHolliday]

back the 7.6 Billion we? loaned them?

Just askin

 

[BobbyTims]

Since Obama was for the bail out, then yes - the republicans would be happier if it had all gone south.

 

[TenthAmend]

Hey Doc - Newsflash - Chrysler already failed!

 

[GOZ2FAST]

If a car company makes crappy cars that cost more to produce than they can sell them for, they should bankrupt so a better company can take their place...GOVERNMENT SHOULD KEEP THEIR STUPID PAWS OFF PRIVATE COMPANIES.

 

[sparky]

If we hold another cash for clunkers party at cost to taxpayers $10 billion, perhaps Chrysler will pay back $5 billion more.

Good business model.

 

[OlderisBetter]

If it would have embarrassed Obama, yes they would.

 

[RickyRocker]

It would have advanced their agenda. If the USA fails, republicans succeed.

 

[TicToceeee]

I don't care because the only good car they ever made was.

http://fc02.deviantart.net/fs15/f/2007/012/9/2/ACdesign_1970_Dodge_Challenger_by_AC_design.jpg

 

[JohnHinkle]

As much as I'd like to see US companies succeed, sometimes you have to sit back and watch as bad management and bad choices run there course. (aka file for bankruptcy and work it out).

Wouldn't it have been better to have put that 7.6 billion toward paying the debt?

Just askin?

 

[entropy]

Chrysler did fail. they declared bankruptcy, and that allowed them to restructure their debts and obligations, which they needed. The loans before that just delayed the inevitable by a few months.

 

[InGunsWeTrust©]

They paid it back before. I had no problem bailing out Chrysler.

As for GM, did they repay their bail out? No. They shouldn't get another one.

 

[MatthewD]

Yep. Shareholders could have made a bundle if they were allowed to fail.

 

[WhiskeyWhiskey]

1.The premise that the Obama administration had "loaned" the money is false.
2.That the TARP money used was allowed to be used in that fashion, it was not.
3.The Obama administration bought stock.
4. The purchase of stock allows the government at enact laws that would put up barriers to competition to look out for its interest in the companies. Talk about anti-trust issues.


You and I are in the same competing businesses. I have the government writing laws or building situations to put you out of business.I have a unlimited line of credit, incentive program to have customers buy are protected, unfair access to government contracts and the full weight of the government to pass any law to protect its interest in my company.