Quote:
And every GM car dealer that was closed, when GM got into financial problems
and had to be saved by the fed's, was a Republican party donor, except one black dealer.
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@Adak: Your cherry Kool Ade got mixed in with the lemon.
If you're going to re-post libertarian views from the
DailyPaul,
you should use copy/paste. The bullet point was Chrysler, not GM.
And just as with any Karl Rove award-winning utterance, it takes a few paragraphs get into back into the real world.
Here is
FactCheck.org
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There are a couple of nuggets of truth in this broadly distributed e-mail,
but its main point is dead wrong on a couple of counts.
Quote:
Q: Did the Obama administration target Chrysler dealerships for closure according to their political contributions?
A: The best evidence shows that dealerships with Republican donors weren't disproportionately targeted
– auto dealers overall tend to lean overwhelmingly Republican.
FULL ANSWER
Chrysler announced the planned closing of some dealerships back in February 2008,
months before Obama was even nominated, let alone elected.
The list of 789 dealerships to be shuttered wasn't announced, however, until more than a year later.
Both Chrysler and the Obama administration say that investment banker Steven Rattner,
who had been brought in as head of the White House's Auto Task Force
to make some tough decisions about the U.S. auto industry at a time when it was running on fumes,
did not select which dealerships would live and which would die.
The list was a Chrysler product and was based, according to the company,
on such factors as sales volume, local market share and location.
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And for what it's worth...
On May 24, 2011, Fiat paid back $7.6 billion in U.S. and Canadian government loans.
On July 21, Fiat bought the Chrysler shares held by the United States Treasury.