Hey Sen. Bob Corker ... do you and Sen. McConnell really want to be responsible for bringing down the auto industry? Then get off your ass and FIX IT!
No one is questioning there are problems in the industry that need to be addressed, but let's compare how the auto industry and banking industry have been treated.
When they initially requested $34 billion, auto makers and the union were asked to jump through numerous hoops, yet you didn't ask the financial institutions for a plan before giving them $700 billion!
And what are the banks doing with all the money we gave them, because they are certainly not extending credit to people who want to buy cars.
Citing a credit crisis and dwindling sales, Chrysler LLC on Wednesday said it would shut down all of its manufacturing operations from the end of this week for at least a month. [...]So what did we get for our $700 billion? I'd really like to know.
Chrysler said its dealers were getting car shoppers into showrooms but losing between 20 percent and 25 percent of those potential sales because of the lack of consumer financing for new car purchases.
"As a result of the financial crisis, the automotive market remains depressed due to the continued lack of consumer credit for potential buyers," the automaker said in a statement.
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