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Chrysler begs for additional bailout money

Posted 12 Jan 2009 in bailouts, economy, outrage

Unbe-freakin’-lievable.

DETROIT – Chrysler LLC is seeking $3 billion in additional government aid and its finance arm is in advanced talks with the U.S. Treasury to obtain a multi-billion cash infusion that could be finalized by Friday, officials said.

Chrysler is the only one among Detroit’s Big Three automakers seeking immediate additional aid. General Motors Corp. said it had no plans to seek more aid beyond the $13.4 billion the U.S. Treasury Department is loaning it from the $700 billion Wall Street rescue fund, known as the Troubled Asset Relief Program, or TARP.

But wait, it gets even better.

Detroit’s automakers also are seeking loans from a $25 billion Energy Department retooling program to help modernize factories to build more fuel-efficient models.

If, instead of paying your car payment on time, you were to call and let them know you’re going through tough financial times and need some help, what do you think they’d do?

They’d tell you, “Tough s#!t, pay us right now. Or we’ll ruin your credit rating and take away your car.”

That’s precisely the kind of thing that should happen to these buffoons. Their financial ineptitude got them into this. Let them declare bankruptcy and reorganize, just like anyone else would have to do when facing insurmountable financial difficulties.

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

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