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Old 03-30-2009, 07:31 PM   #1
Splum
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Obama to give 6 billion to ITALIAN company

Your tax dollars at work! Pay up bitches.

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After President Obama's speech, Fiat and Chrysler announced they had reached the framework on a global alliance. The US government would provide working capital for a further 30 days while a merger was discussed, it added. If a merger is successful, then the government will consider investing up to $6bn.
http://news.bbc.co.uk/2/hi/business/7972464.stm
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Old 03-30-2009, 07:32 PM   #2
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Spending other people's money is so much fun.
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Old 03-30-2009, 07:33 PM   #3
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fiiiiiiiiiiiiiiiiiiiiiiiiiiiigs
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Old 03-30-2009, 07:35 PM   #4
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consider and give are two very different things.
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Old 03-30-2009, 07:42 PM   #5
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WASH YA ASS SPLUM
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Old 03-30-2009, 07:43 PM   #6
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and they would be giving it to Chrysler... not to Fiat.
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Old 03-30-2009, 07:43 PM   #7
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Yeah man giving bailout money to a company that employs American's is the dumbest shit evar I BET THEY'RE ALL GOD DAMN TERRRRRRRISTS TOOOOOOOO. Fiat have a partnership with Chrysler that enables them to be a more efficient company, it doesn't say money is going to Fiat, but infact only mentions Chrysler and GM.
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Old 03-30-2009, 07:53 PM   #8
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he needs to give me 1 million bucks and I will stimulate the economy
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Old 03-30-2009, 08:11 PM   #9
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and they would be giving it to Chrysler... not to Fiat.
What part of "merger" dont you understand?
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Old 03-30-2009, 08:14 PM   #10
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Splum is Obamas best PR guy
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Old 03-30-2009, 08:17 PM   #11
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Splum is Obamas best PR guy
You should see my salary.
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Old 03-30-2009, 08:30 PM   #12
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so what are you going to do about it ?
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Old 03-30-2009, 09:20 PM   #13
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Forgetaboutit.

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Old 03-31-2009, 12:30 AM   #14
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Old 03-31-2009, 09:16 AM   #15
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Cheney Bush Bush Bush Cheney Bush Bush Bush
Dude what the fuck does Dick Cheney have to do with Obama giving 6 billion of taxpayer dollars to an Italian company? GEORGE W BUSH IS NOT IN POWER. Lol you people will use anything to excuse Obamas fuck ups.
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Old 03-31-2009, 10:34 AM   #16
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well more billions being passes around
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Old 03-31-2009, 10:35 AM   #17
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Yeah man giving bailout money to a company that employs American's is the dumbest shit evar I BET THEY'RE ALL GOD DAMN TERRRRRRRISTS TOOOOOOOO. Fiat have a partnership with Chrysler that enables them to be a more efficient company, it doesn't say money is going to Fiat, but infact only mentions Chrysler and GM.
Yes, it is dumb because government is not the most efficient or honest allocator of capital -- the free market IS.

When you subsidize corrupt and inefficient companies you get more expensive disasters in the end, and you lose better opportunities.

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Old 03-31-2009, 10:48 AM   #18
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Yes, it is dumb because government is not the most efficient or honest allocator of capital -- the free market IS.
That's right, because it was government out there buying all those CDO's and credit default swaps.

Errrrr, wait.
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Old 03-31-2009, 10:51 AM   #19
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Originally Posted by DaddyHalbucks View Post
Yes, it is dumb because government is not the most efficient or honest allocator of capital -- the free market IS.

When you subsidize corrupt and inefficient companies you get more expensive disasters in the end, and you lose better opportunities.

You know what dude, you're like the kid in the 9th grade who still believes in Santa Claus.
Everyone else has figured it out by now.

The invisible hand of the free market just got done anally fisting us, it's time to move on.
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Old 03-31-2009, 11:07 AM   #20
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It was only a few years ago that GM tried to make a deal with Fiat -- and it ended up costing them $2billion just to get out of the worst deal ever!

See the story here

The joining of the most inefficient company in America (Chrysler), and the most inefficient company in Europe (Fiat) will surly make the most inefficient company in the world

Like an owner so attached to their old dog, the American government just cannot muster the strength to call the vet and have their pet put out of it's misery.
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Old 03-31-2009, 01:58 PM   #21
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That's right, because it was government out there buying all those CDO's and credit default swaps. Errrrr, wait.
I suppose the government is responsible for homes defaulting and unsustainable credit cards debt too?

The blame here starts with YOU, the consumer, then the free market, THEN the government. Guess who ends up paying for it?
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Old 03-31-2009, 01:59 PM   #22
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Like an owner so attached to their old dog, the American government just cannot muster the strength to call the vet and have their pet put out of it's misery.
Well said.
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Old 03-31-2009, 02:10 PM   #23
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Splum
This message is hidden because Splum is on your ignore list.
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Old 03-31-2009, 02:15 PM   #24
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Investing not Giving
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Old 03-31-2009, 02:16 PM   #25
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get a life.
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Old 03-31-2009, 02:16 PM   #26
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He didn't give it yet..
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Old 03-31-2009, 02:17 PM   #27
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The government giving money that pretty much doesn't exist to a company called Fiat is one of the biggest ironies ever, lol.
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