Topic: Obama flushes 3.2 billion | |
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I wish Obama could lend me some $ so I would not have to personally file bankruptsy. All cause I acquired a car in the army and it got repoed, (long story short), and it screwed me up. That was in 2006. NOw it so happens I retained an attorney, in the army i picked the wrong job and only spent almost 11 months in it and then got out and to make matters worse I picked the wrong field in college and so in 2002 got a certificate in dental technology but never got a job in that field! Life sucks 2 an extent..
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I think that FIAT isn't such a great car. I tried it, and it sucked. Reminds me a Yugo.
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http://cars.about.com/od/fiat/ig/Fiat-cars-photo-gallery/
These fiats don't look impressive to me. It is no longer a bailout - it's now a taxpayer contribution. A DONATION. |
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http://cars.about.com/od/fiat/ig/Fiat-cars-photo-gallery/ These fiats don't look impressive to me. It is no longer a bailout - it's now a taxpayer contribution. A DONATION. LOL! Fiat only got 35% of Chrysler! What's wrong with this car though? |
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Alpha Romeo, Spider
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Hard top version
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And how much money did they put in? zero
Sporty but not practical for most. *********************** Rescue by Fiat The Chrysler deal confirms President Obama's disregard for the law. Jacob Sullum | May 6, 2009 The last time the federal government bailed out Chrysler, the Carter administration reached a deal with the carmaker in August 1979, but Congress did not approve the legislation implementing it until December. This time around, the Bush administration dispensed with the legal niceties, loaning billions of taxpayer dollars to Chrysler (and General Motors) without statutory authority. Although he ran on a promise to respect the legislative branch's constitutional role, Barack Obama applauded the Bush administration's illegal loans, and since taking office he has not sought congressional approval for a bailout that is still operating outside the law. President Obama's high-handed engineering of the pending merger between Chrysler and Fiat, a deal that flouts well-established bankruptcy principles, confirms he is no more committed to the rule of law in this area than his predecessor. The Obama administration continues to subsidize Chrysler and G.M. (and even the companies that sell them parts) with money that Congress allocated to the Troubled Asset Relief Program (TARP). As the name suggests, the Treasury Department was supposed to use that money to buy troubled assets from financial institutions, the aim being "to restore liquidity and stability to the financial system." There is not a word in the Emergency Economic Stabilization Act, the law that created TARP, about automobile manufacturers. President Bush acknowledged as much, saying it was inappropriate to use TARP money for loans to G.M. and Chrysler. He changed his mind only after a bill authorizing a carmaker bailout failed to win Senate approval. On the strength of TARP loans that never should have been made, Obama has dictated one business decision after another. He fired G.M.'s CEO, urged brand consolidation on the company, insisted on Chrysler's merger with Fiat, and demanded the production of cleaner, more fuel-efficient cars, even if that strategy hurts the automakers' bottom lines. CNS News recently asked House Majority Leader Steny Hoyer (D-Md.) what law authorizes all this meddling. His answer was revealing. "The administration clearly believes it does have the authority to use some of the remaining TARP funds for the automobile industry," Hoyer said. "I would be kidding you to mouth some words on that, because I don't know technically where that authority would be." House Financial Services Committee Chairman Barney Frank (D-Mass.), whose panel is supposed to oversee TARP, told CNS News he was "not very well informed" about the president's restructuring plans for the automakers and did not think Congress would vote on them. Frank's counterpart in the Senate, Christopher Dodd (D-Conn.), said he "wasn't consulted at all on the process," adding, "I've been reading about it in the papers, basically." Regarding the government-backed car warranties that Obama unilaterally promised to buyers of G.M. and Chrysler cars, House Budget Committee Chairman John Spratt (D-S.C.) said, "I would think that for a government officer to extend a warranty that will create a liability for the government, an act of law would be required. If I were the beneficiary of the warranty, I would certainly want to know the entity that extended it to me had legal authority to grant it." And what if he were, say, a legislator with a constitutional duty to control the use of taxpayer money? Given how congressional leaders have abdicated their responsibilities, perhaps it's not surprising that the secured creditors who challenged the Obama-imposed Chrysler merger deal were too polite to note that the president lacks statutory authority to intervene in the car industry. "Even assuming that TARP provides the Treasury Department with authority to provide funding to the Debtors," they said, it is neither fair nor legal to let unsecured creditors such as the United Auto Workers get more of their money back than creditors who by statute have a superior claim. But for a president who tramples on the Constitution in his rush to save companies from the consequences of their own bad decisions, the bankruptcy code is no obstacle. Jacob Sullum is a senior editor at Reason and a nationally syndicated columnist. © Copyright 2009 by Creators Syndicate Inc. |
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Looks like a Hyundai on steroids!!
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This is a cool one!
It comes in a 4x4! They have some nice mini vans, and a couple more Sedans that look nice. Of course you know they will still make Chryslers too! |
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LOL This is a funny looking one!
Like the original Panda, the new Panda is available in a four-wheel-drive version called the Panda 4x4. The Panda 4x4 gets an automatic all-wheel-drive system, raised suspension, and, in some models, a center differential lock and a low-range transfer case. From what I understand, it's a surprisingly capable off-roader. The Panda Cross version shown here features a 1.3 liter diesel engine and a Subaru Outback-style body kit. |
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Not Bad!
The Grande Punto is Fiat's entry in the supermini class. In Europe, it goes up against cars like the Volkswagen Polo, Ford Fiesta, and Opel Corsa, as well as cars more familiar to us like the Toyota Yaris, Honda Fit and Chevrolet Kalos (known to us as the Aveo5). The Grande Punto was co-developed with GM, and while the Giorgetto Giugiaro styling is unique to Fiat, the mechanical bits are shared with GM's Euro-market Opel Corsa. The previous version was known simply as the Punto, and is still sold in some markets. Engines include 1.2 and 1.4 liter gasoline units and 1.3, 1.6 and 1.9 liter diesels. Fiat makes a 1.4 liter 178 hp hot-rod version called the Abarth Grande Punto. |
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Looks like a Hyundai on steroids!! Which one? |
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The alpha...
I wonder who has the money and confidence to purchase a vehicle right now? |
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The alpha... I wonder who has the money and confidence to purchase a vehicle right now? Not many! Toyota is hurting bad too! I think all Auto Manufacturers are! |
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I like this one too!
The Bravo is a 5-door hatchback that competes against mainstream European family cars like the Volkswagen Golf, Opel Astra and Ford Focus. Fiat offers the Bravo with three gasoline engines (all 1.4 liters, 89 to 148 hp) and a staggering seven diesels. |
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Have you noticed how narrow all these car are.
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Last one! Funny looking car! Introduced in 2007, the 500 is a retro design that harks back to the 1957-1975 Fiat 500 (photo here). At just over 11.5 feet long, the four-seat 500 is about mid-way between the Smart Fortwo and the Honda Fit. Power choices consist of 1.2 and 1.4 liter gas engines and a 1.3 liter diesel, but the 500 is currently not available with an automatic transmission. The 500 is sold in many countries worldwide, including Mexico, and Fiat has stated that the car could be certified for sale in the US as soon as 2011. |
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Hard top version I love this car! Perfect color too! |
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Alfa-Romeo may be what it is, and Obama still makes stupid decisions, and wastes America's money.
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According to my Giddyup Poll, BHO is pretty incompitenet. I wouldn't bet on him being well thought of when they talk about him in History Class. How not to manage finances. They'll be talking about how he tried to save this country from a depression. They'll be talking about how bad the economy was when he became President. sure they will...his election was a HUGE fuggin' mistake...this guys mentor [ Saul Alinsky ]...and...his Reverend [ Wrong...I mean Wright ]...are what has shaped his life and warped his mind...his views are so left of center...it's so so sad to watch this unfold each and everyday...ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh....for the 50's... |
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