John McCain (the 2008 Republican Presidential Candidate – for those who don’t know who that is) doesn’t believe that Chrysler will survive. He thinks that the $80 billion in government aid given to General Motors and Chrysler is a waste and that Chrysler should have filed for bankruptcy from the beginning. McCain blames the unions and their generous contracts as a reason for the government putting so much money into the automakers (maybe because the unions support Pres. Obama?).
John McCain put up some interesting things on his Twitter account:
“Chrysler finally filing for bankruptcy! Wish they would have done it months ago as I called for — could have saved taxpayers $26.7 billion!”
“President (proposes) government/union takeover of GM and Chrysler — Lenin would be smiling.”
“UAW eventually owning 55% of Chrysler stock and the U.S. Gov owning the rest — if that isn’t socialism, what is?”
Dude, give it a rest! First of all, you’re a hypocrite; you were in favor of the bailout at the very beginning. And, you’re just bitter because you lost.
Read the article at The Detroit News.
Tags: bailout, bankruptcy, Chrysler, General Motors, GM, John McCain
