Being a liberal isn't a dirty word in Canada.
Both GM and Chrysler got a massive bailout by hiving off their bad debts (Old Carco?) even before the government took share positions in the parts that are still running. That in itself is a bailout to allow those shenanigans to happen.
Being a liberal is what happens when you decide to replace knowledge and wisdom with belief and hope...in other words, it's on the same plane as severe mental retardation. This affliction could very well result in one moving to a place like Canada or California.
You are referring to their bankruptcy filings, which was not a "bailout" so much as it was a relief from the burdens of pensions and other nonsense. Both companies were being plagued by the UAW and still are - unions are a disease that just won't go away, much like liberals.
The government purchase of their common stock was an effort to prevent the company from completely closing up shop, which worked out better for Chrysler than it did for GM.
Lord, you really are terribly uninformed. We lost $1.3b in the deal.
http://money.cnn.com/2011/07/21/autos/chrysler_government_exit/index.htm
Grow up with your childish behavior.
I like how this guy talks about losing $1.3B on Chrysler - something not disputed - while ignoring the fact that GM is still on taxpayer life support to the tune of $20 billion, is still bleeding taxpayer money since it would need a 400% plus increase in stock price for the taxpayers to even come close to breaking even. Another way to look at it is that Chrysler got a $12.5 billion in bailout money after their Chapter 11 bankruptcy, which they repaid $11.2 billion of in 2011 and are no longer a taxpayer liability as GM STILL IS.
Oh, and a big cause of this problem - the UAW - still exists. Let's keep paying unskilled workers $60K year plus benefits to turn a wrench or drive a few screws. That makes sense...to a liberal...but so does global warming.
The UAW is currently a major shareholder of Chrysler's stock - which I find hilarious, because they are also a big reason why the company can't or won't flourish.
