By on February 18, 2009

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14 Comments on “Bailout Watch 406: The Safe Word Is “Billion”...”


  • avatar
    ZoomZoom

    The safe word should have been “UNCLE!”

    That guy was using so many management weasel-terms that my eyes were starting to glaze over.

    Apologies for my ignorance. I know it’s Chrysler, but who was he? I get a lot of news from radio and newspaper, so I see very few images of the players.

    I need to know who he is so that I can warn my neigbors and prevent him from coming to my neighborhood when he finally loses his job and has to become an ice cream man.

  • avatar
    Robert Frankfurter

    If one looks for the pure definition why Communism works here is the video to support the claim.

    Support the unsupportable, sell un-sellables via the helpless john-six-packs tax sheet just to defy evolution and stem and fight against common sense & nature.

    I’m flattened to see this as crude as perverse propaganda speech brought by a USA channel, to the the US people by a leading US capitalist.

    Sanctioned by his holiness BHObama himself – Unbelievable

    Funny times…

    o wait…

    Carnival has started.

    aha.

    Now I know.
    Its only a joke – is it?

    Dont tell me it is true – PLEASE!

  • avatar

    Capitalism without Failure is like Religion without Hell.

    If you fail, you die. Simple.

    I don’t care how “little” of my “tax filing” you need to stay afloat. That is not the duty of Government. My taxes are not to be used as welfare for a failed private corporate enterprise.

    CHRYSLER: YOU HAVE FAILED. Now please just die.

    You too GM.

    –chuck

  • avatar
    Point Given

    Warning: Code Brown

    It’s all horseshit. You’ll never see any of that money again.

  • avatar
    Robert Frankfurter

    chuckgoolsbee :
    February 18th, 2009 at 11:02 am

    I could not have said that better.
    I second your statement in full.

    Chapeau!

  • avatar
    TonyJZX

    doesn’t this all come down to:

    pay $60-$70 per ‘tax filer’ now

    or

    pay $1,200 if you don’t?

    extortion isn’t it?

  • avatar
    Robert Frankfurter

    or pay $1,200 if you don’t?
    extortion isn’t it?

    Thats exactly how the mob makes you an offer

    “you cannot easily refuse”

    If it talks like the mob,
    walks like the mob,
    looks like the mob and
    hits you in the wallet like the mob

    it is most certainly the mob –

    pls. correct me if I’m wrong

  • avatar
    wsn

    TonyJZX said:

    doesn’t this all come down to:
    pay $60-$70 per ‘tax filer’ now
    or
    pay $1,200 if you don’t?
    extortion isn’t it?

    One minor correction:
    $60-$70 per ‘tax filer’ per quarter
    ($100 per quarter when Ford is forced to join)

  • avatar
    jkross22

    Nardelli speaks to protect his personal interests and the interests of Cerberus. He is not there to protect taxpayers, employees or the government.

    Any ‘facts’ he presents are simply more of the Kabuki theater we’ve been seeing from him and Wagoner. They ought not be believed.

  • avatar
    bluecon

    So you pay $60-70 now and when eventually they go bankrupt anyways you pay $1200. What a deal!

    The government owns them now so they don’t need to worry. Soon the cars will be as good as the 1950’s road system.

  • avatar
    andrichrose

    How could anyone in their right mind given
    their present collection of offerings, think that
    Chrysler could ever become competitive, Beats me !

  • avatar
    DrBeets

    Did anyone else notice his tic…when his chin deviates to the left side of his body every few words?

    I think he does this everytime he tells a lie.

  • avatar
    autoemployeefornow

    Al Pacino from Scent of a Woman “This is such a crock of shit!!!” applies here. Money will not keep Chrysler going if they don’t sell cars. What a waste of the taxpayers money. Think of all that could be done with the billions that are being thrown out with the trash. Such a shame. America deserves better.

  • avatar
    SKT

    Did you hear him say “Interest Holiday”?

    Nice very nice. I’ll try that with my banker the next time I see him.

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