Obama gives Fiat $1.3 billion of taxpayer money

THE LONELY CONSERVATIVE:

CNN reports:

... Originally, the government committed a total of $12.5 billion to the struggling automaker, Old Chrysler, and the company’s newly formed Chrysler Group. Of those funds, $11.2 billion have been returned through principal repayments, interest and cancelled commitments, the Treasury said. The new Chrysler Group paid back $5.1 billion in loans in May.

Even though that means $1.3 billion will not be recovered from the bankrupt Old Chrysler, the Treasury called it a “major accomplishment.” …

Only in the age of Obama is losing more than a billion bucks considered a “major accomplishment.”

IF THIS MONEY WAS COMING OUT OF THE DEMOCRAT PARTY COFFERS - OR GE'S - THEN ALL HELL WOULD BREAK LOOSE.

BUT SINCE IT'S ONLY TAXPAYER MONEY, THE LEFT COULDN'T GIVE A CRAP.