Feb 19, 2009

GM needs $30B more: Chrysler needs $5B more

General Motors says it needs another $30 Billion and Chrysler says it must have another $5 Billion.

Will GM and Chrysler get the relief they need from the federal treasury? In a word, yes.

Obama, as well as most other Democrats who were elected last November owe a lot to labor unions.

Now it’s payback time and Obama will never allow GM and Chrysler to go under leaving over 200,000 union workers unemployed.

Link here and here for the financial needs of GM and Chrysler.