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share save 120 16 The Reason.TV Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad
Clint Eastwood The Reason.TV Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad

It’s Halftime in America. And our second half is about to begin. All that matters now is looking ahead and finding a way forward.

I like Clint Eastwood and have enjoyed his films for decades. And, I do not have a problem of him making some money on this ad for Chrysler.

What I do object to is my tax money being spent on bailing out poorly run automobile manufacturers in Detroit.

Here is ReasonTV’s parody of the Clint Eastwood ad:

share save 120 16 The Reason.TV Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad
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share save 120 16 Rush Limbaughs Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad
Clint Eastwood Rush Limbaughs Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad

It’s Halftime in America. And our second half is about to begin. All that matters now is looking ahead and finding a way forward.

I like Clint Eastwood and have enjoyed his films for decades. And, I do not have a problem of him making some money on this ad for Chrysler.

What I do object to is my tax money being spent on bailing out poorly run automobile manufacturers in Detroit.

Here is Rush Limbaugh’s video parody of the Clint Eastwood ad:

share save 120 16 Rush Limbaughs Parody of Clint Eastwoods Chrysler Halftime in America Super Bowl Ad
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share save 120 16 American Taxpayers Lose $1.3 billion in Chrysler Bailout
photo130953993100430 American Taxpayers Lose $1.3 billion in Chrysler Bailout

Bankruptcy for Chrysler would have been better.
U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.

The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto bailouts that were part of TARP.

Fiat paid the Treasury a total of $560 million for the remaining shares, as well as rights to shares held by the United Auto Workers retiree trust.

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

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

“With today’s closing, the US government has exited its investment in Chrysler at least six years earlier than expected,” Tim Massad, Treasury assistant secretary for financial stability said in a release.

As part of the loan agreement, Chrysler was given until 2017 to return the bailout funds. If it had taken the full term, the interest accrued on the loans would have significantly reduced the government’s losses.

Next time, the government should let these companies go out of business or seek bankruptcy protection.

No more government bailouts.

share save 120 16 American Taxpayers Lose $1.3 billion in Chrysler Bailout
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