Bailout Watch 515: President Obama's March 30 Statement on Chrysler

Robert Farago
by Robert Farago

And that’s why we’ll give Chrysler and Fiat 30 days to overcome these hurdles and reach a final agreement—and we will provide Chrysler with adequate capital to continue operating during that time. If they are able to come to a sound agreement that protects American taxpayers, we will consider lending up to $6 billion to help their plan succeed. But if they and their stakeholders are unable to reach such an agreement, and in the absence of any other viable partnership, we will not be able to justify investing additional tax dollars to keep Chrysler in business.

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  • Mikey Mikey on Apr 30, 2009

    @lw Every 65 hours?Really!I did not no that.Over eight hundred people an hour,truly frightening.

  • Carguy Carguy on Apr 30, 2009
    ZoomZoom - I agree about ending the bailouts but trying to get any sympathy from folks overseas about paying the low personal tax rates that we enjoy here in the US will probably not fly.
  • Mikey Mikey on Apr 30, 2009

    I hear you Zoom Zoom I just E filed mine{April 30} here.In 2008 I was a high paid auto worker and in Canada my taxes are obscene[free health care don't you know LOL} If I'm lucky and the GM pension survives. Next year I will pay half as much.My former employer has shrunk by about 6000 jobs in 2 years. I wonder who is going to pickup the slack?

  • Toxicroach Toxicroach on Apr 30, 2009

    What is with the ads linked to words in the comments?