While Wyatt Incumbent is out facing down all the gunslingers, showing them who’s the fastest draw in the D.C. corral, I came across some little noticed information from David Shepardson of The Detroit News, via Drudge.
According to Mr. Shepardson, Chrysler CEO Sergio Marchionne said today at the North American International Auto Show in Detroit that “As part of our global expansion of the Jeep brand, there are some cars — that because of the price position in the market — can never be made in the U.S. and exported. We're going to be announcing the first step in the globalization of Jeep (in China). There's another one that's going to come in Russia. These things are part of a natural process of expansion."
I thought Mr. Marchionnes’ announcement interesting because I hadn’t seen very much information about the auto bailouts for quite a while. So I looked Chrysler’s current financial status up to find that, according to Peter Schweizer of The Washington Times, “Chrysler and Chrysler Financial received a total of $12.4 billion and repaid $9.5 billion, resulting in a net loss of $2.9 billion.”
So, what that means is that while the incumbent’s now threatening to shut down payments to veterans and Social Security recipients if the debt limit isn’t quickly raised by Congress, another $2.9 billion has been lost due to his bailout of the auto unions. And, as for me, I think there’s something terribly wrong in that.
But if nothing else, what today’s news proves is that if you don’t care about anyone but yourself, and don’t even think twice about abusing power, you don’t need guns at all to steal money hand-over-fist from the folks who earned it.
That’s it for today folks.
Adios
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