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The Great Italian Auto Bailout — Courtesy Of U.S. Taxpayers
01-02-2014, 08:21 PM (This post was last modified: 01-02-2014 08:22 PM by People4People.)
Post: #1
Shocked The Great Italian Auto Bailout — Courtesy Of U.S. Taxpayers
January 2, 2014

How long will it take American taxpayer before they finally realize that the taxes they pay their government are not for them?

How long before they realize that the Occupy movement was for real when they said

"Everyone Got Bailed Out But The People"?

At the beginning of 2014, Detroit may be bankrupt, but they’re cheering the five-year-old U.S. auto bail€out in Italy. That’s because after being the beneficiary of billions in U.S. taxpayer largesse, Fiat, the leading Italian auto company, is going to buy its final stake in Chrysler from that other big bailout recipient, the United Auto Workers (UAW).

“Chrysler’s Now Fully an Italian Auto Company,” reads the Time magazine online headline. But wait a minute! Wasn’t the bailout supposed to be about saving the American auto industry?

As Mark Beatty and wrote in The Daily Caller in November 2012, after presidential candidate Mitt Romney made the controversial claim that Fiat would be expanding production of Chrysler’s Jeep in China (a claim that turned out to be correct),

The real outrage arising from the 2009 Chrysler bailout is not that its parent company, Fiat, is planning to build plants in China. It’s that the politicized bankruptcy process limited Chrysler’s growth potential by tying it to an Italian dinosaur in the midst of the European fiscal crisis.

The Obama administration literally gave away ownership of one of the Big Three American auto manufacturers to an Italian car maker struggling with labor and productivity issues worse than those that drove Chrysler to near-liquidation.

As we noted in the piece, much of Chrysler’s profits from its overhauled line are going to prop up...

US Veterans and Americans citizens waking up to a nation that is living under fraud and treason, and actions and words of a president without a true identity should have many holding on to their guns.

US tax dollars for everything but the people of the US.

uropean Debt Crisis Greece Gets $1 Trillion Bailout Unlimited US Dollar by Federal Reserve

On September 22, 2008, Dean Baker on the Proposed $700 Billion Bailout of Wall Street, the Largest Government Bailout of Private Industry in US History

Its being described as the largest government intervention in private markets since the Great Depression. The Bush administration has asked Congress to swiftly approve a massive $700 billion package to rescue the crippled financial institutions on Wall Street.

Some analysts say the final cost to taxpayers could top one trillion dollars. Over the weekend, the size of the proposed bailout grew as the Bush administration said foreign banks, including Barclays and UBS, should be eligible for the bailout.

The Federal Reserve, Rothschild, and Vatican Banking Cartels

Stealing from the people...those that could make a difference for the better don't have that agenda in mind as history continue to prove!

No peace...

Friendship/Love/Respect for all living things..

People4People, proud member of Realist News since May 2011.
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