As the debt ceiling debate rages on this is what conservatives are up against. The insane, failed fiscal policies of the left are still being pushed by the Senate and Harry Reid. After the Chrysler bailout cost American taxpayers over a BILLION DOLLARS is there any further reason to take these people seriously?
The U.S. government recovered $11.2 billion of the $12.5 billion it loaned to Chrysler under Washington’s multibillion dollar rescue of the American car industry. The Treasury Department, which ended Chrysler’s rescue with the sale of its 6 percent stake in the company to Italian carmaker Fiat, said on Thursday it recovered 90 percent of the money.
Assistant Treasury Secretary for Financial Stability Tim Massad said that despite the $1.3-billion lost by American taxpayers, the bailout was a major accomplishment for the federal government because it helped save a million jobs in what was considered the worse economic crisis faced by the U.S. since the Great Depression. LINK
You have to love government math. 1.3 BILLION to “save” 1 million jobs. Made up statistics and fuzzy math doesn’t make economic policy. We are in DEEP trouble folks. Better call your congressman and tell them NO DEAL on the debt ceiling. We are just mortgaging our children’s future if we allow the status quo. DON’T TREAD ON ME!