Tag Archives: Chrysler

Obama outsources auto industry jobs

While Obama continues along the campaign trail praising himself for the auto bailout, “Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.”

Update: The hilariously named “politifact.com” announced that its “Lie of the Year” was Mitt Romney’s campaign statement that Jeep was moving its U.S. production to China.  Well, now it’s been confirmed: “Fiat… and its U.S. unit Chrysler expect to roll out at least 100,000 Jeeps in China when production starts in 2014.”

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Auto Bailouts and Union Priority

Chrysler and GM bailouts cost taxpayers billions of dollars, and then Obama violates the rule of law by unfairly giving Union members priority over other creditors.

Obama’s thug-like ruthlessness

“A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration’s Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration’s Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation.”