US to Give Chrysler $500 Million, GM Up to $5 Billion

http://www.cnbc.com/id/30320178 ^

[FromLori]

The Obama administration will make about $500 million available to Chrysler through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said on Tuesday.

RELATED LINKS Obama Proposes $100bn Loan to IMF Gov Feels Pressure To Up Green Spending Behind the Wheel with Phil LeBeau Separately, the United Auto Workers (UAW) union urged its members to lobby the White House by phone or email to ensure that workers and retirees are treated fairly in negotiations at both companies on new concessions, which are considered vital for the automakers' to survive.

"We need President (Barack) Obama and his auto task force to stand up for the interests of workers and retirees in these restructuring negotiations," the union said in an appeal on its Web site to members.

[FromLori]

Don't you love that title US (us) to give

[Rebelbase]

Millions here and billions there, I’ve lost track of who got what. How much was the industry given just a few months ago?

[4rcane]

i want free money too, first

[FromLori]

lol you could probably sign up at Acorn and get some

[DooDahhhh]

We should all sign up for welfare; with no one to pay taxes; oh, my, what would they do?

[Spktyr]

Tax welfare.

[Spktyr]

Bend over, here it comes again....

Soooo.... anyone else noticed that the FR UAW apologists have been distinctly absent of late?

[bmwcyle]

Corporate Welfare and nothing more. The DEMS are scum.

[Night Hides Not]

That “gift” to Chrysler is five times the savings that 44 announced to great fanfare yesterday.

[Son House]

Article author is confusing, but it seems Chrysler is getting off Ødumba’s hand-outs, knowing they come with strings(rope)

Official: Chrysler Turned Down Loan Over Exec Pay Limits

http://www.foxnews.com/story/0,2933,517216,00.html

Chrysler LLC’s financial arm turned down additional government aid after some top executives refused to accept new limits on executive pay, according to a government official with knowledge of the negotiations.

The Washington Post reported on its Web site Monday that Chrysler Financial turned down $750 million in aid on top of $1.5 billion it already has received.

Chrysler Financial denied the allegation. It issued a statement saying it has enough private capital to meet its short-term needs of lending money to dealers and customers, and it doesn’t need more money now from the government’s Troubled Asset Relief Program, or TARP.

[RU88]

Where’s my bailout?

[veritas2002]

You know what we’re gonna do you dumb idiot, Obama? We’re NOT going to buy Chrysler or GM cars. Just to point out to you that it’s the market that dictates the economy, not the fiat of the government bailouts.

The deconstruction of the USA by Osama Obama

[DooDahhhh]

Good comeback! You may qualify to be a Obama advisor!

[gakrak]

Print it and spend it as fast as they can. Amen.

[WVKayaker]

Suggested dollar replacement has better value!

[gakrak]

Amen and Amen. I have already taken an oath never to by cars from those who took bailouts ever again.

[pnh102]

More money from my baby’s pocket into the worthless UAW.

[caver]

You are right. I will never buy a GM or Chrysler after this stuff.

[LibLieSlayer]

Enough... even Mora Liarson said to give more would be political suicide for hussein... hmmmm... may not be a bad idea after all.

LLS

[LibLieSlayer]

All of my life I have driven GM cars and trucks... never a thought otherwise. I am driving my last GM product. If it were not paid off... I wouldn't even be driving it. Mississippi built Toyotas for me from now on.

LLS