The Federal Government Gave $13.79 of YOUR Money to Chrysler

That would be the honest headline…

Here is what CNN had to say:

U.S. loses $1.3 billion in exiting Chrysler

As government wraps up auto bailouts, Treasury says it likely lost $1.3 billion on Chrysler deal.

By Annalyn Censky | CNN

NEW YORK (CNNMoney) — U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.

The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto bailouts that were part of TARP.

My headline is an understatement of how much you paid, as that value is the dividend of the $1,300,000,00.00 “loss”  divided by all 311,800,000 persons in the United States, of which less than half actually pay taxes. So a more realistic value would be something like $30.00 out of the pocket of each and every tax payer.

And we didn’t even get a stupid t-shirt.

Tired Gray Crone once again caught running with Democratic Party Line
Reality Trumps Theory
  • Anonymous

    This is my shocked face.

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      I’m somewhat pleasantly surprised it was not far more.

      Still and all, it should have been zero, especially since this is Chrysler’s second trip to the well.

  • Anonymous

    So what?  At least there were American jobs and an American industrial base at stake.  The DOD’s Task Force on Business Stability Operations (Brinkley Group) spent at least $700 million on corrupt and inefficient Iraqi state companies.
    http://www.pbs.org/wnet/need-to-know/voices/heavy-on-bluster-low-on-facts/9610/
     
    Also, $1.3 billion is about ten day’s cost of the wars in Iraq at its peak or Afghanistan now.

    At least the money that went to Chrysler went into American workers’ pockets, not to Arab and Paki fuel, food and transportation contractors.

    • Anonymous

      Hey Commanderer,

       Got 30 bucks for my pocket?  I could sure use it right now. And would even say thank you on here for all to see.

      • Anonymous

        Hey, gimme my $30 first.  I am a disabled veteran.

        • Anonymous

          This is a bit old, but you get the idea:  “Pentagon spending in February [2010], the most recent month available, was $6.7
          billion in Afghanistan compared with $5.5 billion in Iraq. As recently
          as fiscal year 2008, Iraq was three times as expensive; in 2009, it was
          twice as costly.”

          http://www.usatoday.com/news/military/2010-05-12-afghan_N.htm

          So you’ll get your $30 when I get what, my $50,000 or more back?  I’m in a high tax bracket.

          • jim_m

            You can have your money when you sacrifice your life just like those brave soldiers have who are defending your freedoms. 

            Alternately, give up your freedoms and move to some worker’s paradise like Venezuela or Cuba and STFU.  Of course, places like that will just confiscate the money.

            You want to opt out of defense spending?  Just go ahead and opt out of your rights.

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            Indeed.

            Flashing through my mind as I’ve endured chicka’s latest “contribution” has been a Beatles song…

            Flew in from Miami Beach BOAC…

          • Anonymous

            Oh, right, I forgot the Iraqis were going to invade the USA and take away my freedoms.  And the Taliban too. 

            And weren’t we going after those who did 9/11?    Except they were in Pakistan, our “ally,” that we give a few more hundred billions to.

          • Anonymous

            Chico you’re a one trick pony every comment you make is all about wasted money on Iraq Afrganastan etc. what about the wasted money here? I don’t understand how it is that Toyota, Honday, Nissan, Mercedes, BMW and others can build cars in the US without bailouts…..oh wait yes I do, care to guess what the big differnce is?

          • http://www.facebook.com/profile.php?id=100000487814511 Roy R Meadows

            One big word, ‘unions’.

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            More like one little word masking incompetence and cronyism.

        • Anonymous

          This is a bit old, but you get the idea:  “Pentagon spending in February [2010], the most recent month available, was $6.7
          billion in Afghanistan compared with $5.5 billion in Iraq. As recently
          as fiscal year 2008, Iraq was three times as expensive; in 2009, it was
          twice as costly.”

          http://www.usatoday.com/news/military/2010-05-12-afghan_N.htm

          So you’ll get your $30 when I get what, my $50,000 or more back?  I’m in a high tax bracket.

        • Anonymous

          This is a bit old, but you get the idea:  “Pentagon spending in February [2010], the most recent month available, was $6.7
          billion in Afghanistan compared with $5.5 billion in Iraq. As recently
          as fiscal year 2008, Iraq was three times as expensive; in 2009, it was
          twice as costly.”

          http://www.usatoday.com/news/military/2010-05-12-afghan_N.htm

          So you’ll get your $30 when I get what, my $50,000 or more back?  I’m in a high tax bracket.

        • Anonymous

          “So you’ll get your $30 when I get what, my $50,000 or more back?  I’m in a high tax bracket.

          “That’s gratitude for You!!… Get in line Doc. You have put your life on the line, but corporate jet commander kook  ayd  wants his 50 grand back before your paltry 30 bucks.

          • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

            914,

            ‘Twas chicka demanding 50 grand back…

      • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

        914,

        For the simile to be apt, you’d have to take it from chicka without asking and pass it on to Epador.

    • Anonymous

      That’s it Chico, change topic.  Care to ask “What would Jesus do?”

      Guess you’re okay with boondoggles as long as each only costs about $30?  Given the current “transparency record” of the administration, I can only conclude the loss was substantial for them to admit ONLY $1.3 billion.

      How about the ‘too big to fail’ crap?  Was PanAm too big to fail?  American Motors?  TWA?  Companies that go under are not worth zero.  They have assets, they have inventory.  It’s purchased by others, and the business cycle goes on.  And their hands ARE NOT in the taxpayers wallet.

    • Anonymous

      Keep waving your arms around Chico–that’s about all you can do at this point. The economy stinks (and getting worse, day by day) and Obumble owns it. Stories like this are going to hurt Barry as time goes on–the only thing sinking faster than the dollar is his approval rating.

    • PBunyan

      You can’t say in all certainty that those jobs would have been gone forever.  I mean, in the Obamanation, sure, but that will eventually change one way or another.   If we had a less centrally regulated economy they’d have been replaced with something better in a short time.  Well, better for everyone but the Demcrat politicians and union bosses– just the other 99.999999999945% of the population.

    • PBunyan

      P.S. There’s a pretty strong “right to work” push in Michigan right now.  Not sure how far it will get– but the UAW might be taking a hit here shortly.  Not that these guys would ever quit the union. 

    • http://profiles.yahoo.com/u/EU5DQWQTTHTPO4A4ZYSL3AAV2U Adjoran

      You are full of crap.  Chrysler and GM could have reorganized via bankruptcy, but that would have voided union contracts.  Instead, the federal bailout screwed bondholders, stockholders, pensioners who didn’t happen to be in a union, and people who had been awarded damages in lawsuits, all to ensure the unions gave up very little.

      That’s all it was – stealing from everyone else, the legitimate creditors, and the taxpayers, to pay off union thugs.

    • http://www.facebook.com/profile.php?id=100000487814511 Roy R Meadows

      Chrysler is selling out to a foreign automaker so  there goes your American jobs. They take American taxpayer dollars and flee and you approve. When are you moving out of the country?

  • Jeff Blogworthy

    That’s three good books for my Kindle so Guido the union thug can drink and smoke dope in the parking lot.

  • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

    Jeff,

    That’s the last $30.00 that Chrysler will ever get out of me.

    • Anonymous

      Now that you mention it, that’s  the first and last $30.00 they ever got out of me.

    • Jeff Blogworthy

      That makes two. I go out of my way to avoid GM and Chrysler.

      • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

        Ayup.

        I won’t rent vehicles from either of those two companies now, let alone lease or buy.

      • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

        Ayup.

        I won’t rent vehicles from either of those two companies now, let alone lease or buy.

  • Anonymous

    I wonder if Chrysler Corp. will be issuing $30 discount coupons on new Fiat 500s to all U.S. taxpayers?

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      I somehow doubt it.

    • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

      I somehow doubt it.

  • Anonymous

    “U.S. loses $1.3 billion in exciting Chrysler”

    Nuanced

  • PBunyan

    “At least the money that went to Chrysler went into American workers’ pockets, not to Arab and Paki fuel, food and transportation contractors.”

    Yeah, and at least he didn’t order a moratorium on auto manufacturing and give the Communist President of Brazil a couple billion to develop their state owned auto industry so we could “be their best customer”. Guess those oil guys just don’t vote Marxist, err I mean Democrat. Then again, a lot of our auto industry is state owned and especially still state controlled so I’m sure Obama didn’t want the competition either.

  • http://wizbangblog.com/ Baron Von Ottomatic

    Damn, that’s like three packs of smokes.

    I could have gotten thirty-nine packs from a machine AND a coke for that when I was a boy.  Lousy Democrats. 

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  • Frank O’Connell

    $13.79 works out to less than 4 cents a day.

    Horrors… if you’re a 12 year old.

  • http://wizbangblog.com/author/rodney-graves/ Rodney G. Graves

    Hey Everybody,

    Frank O’Connell says y’all can take his money from him as long as you limit it to 12 cents a day (per person or corporation).

    Act now, don’t wait!

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