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TexasTowelie

(112,300 posts)
Sat Apr 28, 2012, 04:43 AM Apr 2012

Chrysler's Back. Government Works. Fairies Aren't Real.

Wonderful story for an old Detroit homeboy in today's New York Times chronicling the incredible comeback and stunning success of Chrysler. Since emerging from bankruptcy and repaying all of its government loans, Chrysler Group LLC has leaped ahead of global competitors, according to the Times:

"On Thursday, Chrysler reported that it earned $473 million in the first quarter, more than quadruple its $116 million profit in the period a year earlier and topping its entire net income for 2011."

This, only three years after Obama bailed them out.

<<snip>>

The bailout put hope and heart back into an incredibly valuable national asset -- the women and men of the American car business. Now they're kicking ass again.

More at http://blogs.dallasobserver.com/unfairpark/2012/04/chryslers_back_government_work.php.

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