Keyword: chryslergate
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Evidence appears to be mounting that the Obama administration has systematically targeted for closing Chrysler dealers who contributed to Repubicans. What started earlier this week as mainly a rumbling on the Right side of the Blogosphere has gathered some steam today with revelations that among the dealers being shut down are a GOP congressman and closing of competitors to a dealership chain partly owned by former Clinton White House chief of staff Mack McLarty. The basic issue raised here is this: How do we account for the fact millions of dollars were contributed to GOP candidates by Chrysler who are...
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The blogosphere has, once again, proven itself a worthy investigator. Unsurprisingly, that same investigatory spirit is nearly nonexistent in the mainstream media. This morning on Fox and Friends, Michelle Malkin gave an interview on a story that she and HotAir have been following for several days (video embedded to the right). Apparently, many of the Chrysler dealers that have been chosen for closing have made a habit of donating money to Republicans, or nobody at all – and those who donate to Democrats are miraculously safe. Why is it miraculous? The odds are massively against this pattern emerging – to...
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As more than 2,000 fuming Chrysler dealers rallied outside the Jacob Javits Center Tuesday to protest the closing of 789 Chrysler franchises and the company's planned sale to Fiat, a lawyer for some of the dealers said it appears Chrysler executives aren't happy with the proposals, either. Chrysler intends to sell the bulk of its assets to a group led by Italy's Fiat Group as part of its restructuring to emerge from Chapter 11 bankruptcy protection. The automaker says it will cut costs by ending some dealer-franchise agreements. A hearing on the motion to terminate the franchise agreements will be...
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Are we looking at the biggest political scandal since Watergate? Big Dem Donor Group allowed to keep all 6 Chrysler dealerships open.... Local competitors eliminated by Obama's task force!! Earlier it was reported that the Obama Administration may have targeted GOP donors in deciding which Chrysler dealerships would have to close their doors. Now there's this... RLJ-McLarty-Landers is owned by three men. One was the former Chief of Staff for President Clinton. One is the founder of Black Entertainment Television and a huge Obama supporter. All 6 of their Chrysler dealerships will remain open. And, get this... Their local competitors...
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The use of a sham sale of the sort the New Dealers thought they had forever eliminated will cause mischief in future bankruptcy cases. The Obama administration has closely patterned itself on the famous opening year of President Franklin D. Roosevelt’s New Deal. But the plans the administration has rolled out for Chrysler and is now cheering on in the bankruptcy court would make a true New Dealer turn over in his grave. In the early 20th century, large troubled corporations did not file for Chapter 11 like they do today. They used a process known as “equity receivership,” which...
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One of the arguments against big government and government interference in the economy is government’s unique position to grant political favors to political allies, or to punish one’s political enemies. One of the many reasons Conservatives believe in limited government is to reduce the potential for corruption, political favors, and political punishment from the government. A story began to unfold yesterday that illustrates this concept perfectly. As part of the bankruptcy proceedings, Chrysler announced the closing of 25% of its dealerships. At the time, Chrysler announced that it was eliminating dealerships based on location, sales volume, and other business factors....
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** Earlier it was reported that the Obama Administration may have targeted GOP donors in deciding which Chrysler dealerships would have to close their doors. ** Last night it was discovered that a Big Dem Donor Group was allowed to keep all 6 Chrysler dealerships open.... And, their local competitors were eliminated by Obama's task force!! 2008 Red and Blue Counties (Flickr) Now here is the latest on the Chrysler closings-- I was sent this earlier today: I have obtained two pdf files from the bankruptcy court. One is the list of dealers to close and the other is the...
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I wrote yesterday of the possibility that Chrysler dealers who had been given the ax were disproportionately Republican - many of them large contributors to GOP candidates and the RNC. Now comes more evidence that these dealer closings were politically motivated. Through Reliapundit at Astute Bloggers, we learn that the lawyer for the dealers being torpedoed believes that the closings were ordered not by Chrysler, but by the White House: (via Reuters ) A lawyer for Chrysler dealers facing closure as part of the automaker's bankruptcy reorganization said on Tuesday he believes Chrysler executives do not support a plan to...
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