Posts Tagged ‘8 Billion’

$8 Billion Payback

Posted by Eric B. on May 7th, 2009 under Economics, Government Spending, Politics Tags: , , , , ,  •  3 Comments

“The White House confirmed yesterday that the $8 billion in “bridge loans” the U.S. taxpayer has given to Chrysler over the past six months, including $4 billion in bankruptcy financing, won’t be paid back.  Taxpayers also won’t be getting Chrysler stock in exchange.”  - http://tinyurl.com/dngtpl
So, President Obama has paid back the UAW for their support [...]