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I was around, too...............
Iacocca was called upon by Chrysler management to take the reins of a company that was on the very edge of bankruptcy. He stepped in and drew up a plan to present to Congress in hopes that the Congress could see the merits of his pan and provide LOAN GUARANTEES. They did so
With gov't GUARANTEES, Iacocca had no problem securing loans from the banks. He was so successful following his plan, he was able to repay the BANK loans 5 yrs early.
Why should Carter get credit for Iacocca's hard work?
To summarize this for you........
Iacocca was called in to SAVE this company that was already well on its way to bankruptcy.
Iacocca rec'd loan GUARANTEES from the gov't.
After the loans were paid off early, Iacocca retired. He has had no responsibilities for Chrysler since then
NOT ONE THIN DIME OF TAXPAYER $$ WAS SPENT OR LOST!
Can you say that of the gov't "bail out" under the O? How many shares of GM do YOU own as a taxpayer??
I was around, too...............
Iacocca was called upon by Chrysler management to take the reins of a company that was on the very edge of bankruptcy. He stepped in and drew up a plan to present to Congress in hopes that the Congress could see the merits of his pan and provide LOAN GUARANTEES. They did so
With gov't GUARANTEES, Iacocca had no problem securing loans from the banks. He was so successful following his plan, he was able to repay the BANK loans 5 yrs early.
Why should Carter get credit for Iacocca's hard work?
To summarize this for you........
Iacocca was called in to SAVE this company that was already well on its way to bankruptcy.
Iacocca rec'd loan GUARANTEES from the gov't.
After the loans were paid off early, Iacocca retired. He has had no responsibilities for Chrysler since then
NOT ONE THIN DIME OF TAXPAYER $$ WAS SPENT OR LOST!
Can you say that of the gov't "bail out" under the O? How many shares of GM do YOU own as a taxpayer??
Yawn, if Iaccocca was all that, he wouldn't need to go hat in hand to the government.
And they still made shit cars.
The reason why the bailout was so "great" as because Carter ordered the military to purchase Chysler products.
One of those was the M880 Series truck for the military. A real POS vehicle, they just painted a cheap Pickup green.
Skoobie, you really need to stop with your obsession.
My neighbors are starting to complainabout all the tissues you leave in their bushes. .
Yawn, guy, I think it just shows that you have some weird obsession with someone who calls bullshit on your little game.
The GOP is in its death throes, and we might be better off for it.
The reason why the bailout was so "great" as because Carter ordered the military to purchase Chysler products.
The reason why the bailout was so "great" as because Carter ordered the military to purchase Chysler products.
No. The reason Iacocca was successful is that the loan guarantee
DIDN'T COST THE TAXPAYER ONE THIN DIME.
But keep trying.....and trying...and trying. You'll work it out one of these days
Keep trying. Still the wrong answer....The reason why the bailout was so "great" as because Carter ordered the military to purchase Chysler products.
No. The reason Iacocca was successful is that the loan guarantee
DIDN'T COST THE TAXPAYER ONE THIN DIME.
But keep trying.....and trying...and trying. You'll work it out one of these days
I have worked it out.
Iaccocca is a big fat Corporate Welfare Queen. People like him are part of the problem. They always know, no matter how big the fuckups they make are, they can always go back to the government to bail their sorry asses out, and then they can badmouth the government afterwards.
