Wednesday, May 25, 2011

SUVs saved Chrysler

Chrysler and the White House will celebrate the Detroit icon's $5.9 billion repayment of government loans Tuesday in a ceremony that will be hailed by both sides for the same reason: The government bailout had become a liability for both entities...more

Recall that as part of the bailout, Obama insisted that green-friendly Fiat be brought in to manage Chrysler, "to reform the immoral, gas-swigging, SUV-dependent Chrysler."

And the results were?

...the resurgence of America's appetite for trucks that has brought Chrysler back from the dead. Chrysler Group reported sales were up 17 percent to 1.1 million vehicles in 2010 on the strength of its wildly popular, redesigned Jeep Grand Cherokee and Dodge Durango SUVs.

And what did Fiat's CEO learn from all this?


For CEO Marchionne, the SUVs success in the U.S. market has been a revelation and he is planning to expand the SUV lineup into Europe with Alfa Romeo and Maserati-badged trucks.

As a result of Obama's bailout, there will be large, energy inefficient, pollutin' and earthwarmin' SUVs and trucks running all over Europe.  Gotta love it.

I propose they have Obama lanes on the Autobahn, reserved for SUVs and pickup trucks that travel at least 100 mph.  Yeehaw!

Now we know that big government bailouts are not only bad for the economy and hard on the taxpayer, they are bad for the environment too.  Kind of a government oil spill if you see what I mean.

No doubt all of this has given Obama a bad case of the bailout blues. Any song writers out there?

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