Defenestrating Thoughts from the Bivouac

Look at Chrysler’s website today (click to see full image):

This is clearly a bailout. If it were just a “loan to help us succeed”, then they would be able to get private financing.

Today if Chrysler were to offer bonds and stock to raise the amount of money they need to “help them succeed”, no one would give them the money. Why? Because it would be a bad investment and you’d likely lose all your money.

If it were a good investment, you’d see mutual fund directors, Bill Gates, Warren Buffet, and many, many others lining up to invest in Chrysler.

But the reality is that Chrysler is a bad and failing company that no one wants to invest their own money in.

So if no one is willing to put their own money into these companies, why is Washington putting taxpayer money into these companies? Because these companies bribed Washington. They gave Washington over $50 million dollars this year so that Washington would give them billions of taxpayer money.

Just follow the money. The car companies and Washington get lots of money while the taxpayer gets the bill.

And I love the use of green in the website. It’s great subliminal messaging, “Look at us, we’re green and responsible”. Maybe instead of lobbying Congress, lying, and spending so much time on marketing, Chrysler should build a car that people want.