Friday, July 22, 2011

Surprise! (Not.) Chrysler's going to cost taxpayers

Word's out today that with the federal government unloading its (our) shares of Chrysler, taxpayers are likely to lose up to $1.3 billion.  Fiat will own more than 58% of the company after the dust settles, and the Democrat-friendly auto workers union will own the rest.  As for those shareholders and bondholders who were left with nothing because of the Obama-brokered deal?  Obama and Democrats have one word:  Tough.

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