Tuesday, April 21, 2009

I don't every want to hear you whine about unions again

Oh, and Dalton McGuinty's a sucker:
Top officials at Chrysler Financial turned away a $750 million government loan because executives didn't want to abide by new federal limits on pay, sources familiar with the matter say.

The government had been offering the loan earlier this month as part of its efforts to prop up the ailing auto industry, including Chrysler, which is racing to avoid bankruptcy. Chrysler Financial is a vital lender to Chrysler dealerships and customers.

In forgoing the loan, Chrysler Financial opted to use more expensive financing from private banks, adding to the burdens of the already fragile automaker and its financing company.
via Pogge. Don't ever, ever tell me these companies are suffering because of their unions. Ever again.

1 comment:

Flocons said...

Fair enough. There's more than enough blame to be put on the "these companies manufacture products that people don't want to buy" reasoning anyway.