ROOOoommm ROOOoommm ...

[Moab]

1600 new jobs in the auto industry ... 1600 new high paying Union jobs in the NE

WTG! OBAMA ..... 2012

Chrysler Job Application Chrysler.JobLinker.net
Dow Jones Newswires 3:43 p.m. CST, January 27, 2012

Chrysler Group LLC will announce next week it will hire more than 1,600 workers to an Illinois assembly plant, signaling the start of a hiring blitz that promises to add thousands of workers to the auto maker's plants over the next three years.

Chief Executive Sergio Marchionne is expected to make the announcement during a visit to the auto maker's Belvidere assembly plant Thursday, according to people familiar with the matter. The plant will manufacture the 2013 Dodge Dart compact car alongside the Jeep Compass and Jeep Patriot, which are being updated for the 2013 model year.

The additional crew of workers starts in July, and hiring has already begun, those people said. Workers will be paid the auto maker's new hire rate of $15.78 an hour. Chrysler spokeswoman Jodi Tinson declined to comment.

The job expansion will be the first in a series of new hiring announcements that the auto maker is expected to make to meet growing demand for its cars and trucks. These jobs are in addition to hiring planned for its Jefferson North plant in Detroit and a Toledo, Ohio, assembly complex on the move.

[wabbit]

Hmmm...let's see...$7.2 billion in bailout to Chrysler we won't be getting back and 1,600 new jobs..hey that's $4.5 million per job.


Fuck you O'BAMA

[skyguy2007]

Yup, job expansion at tax payer expense...and who said Obambam wasn't bought and paid for by big business?

The fake Chrysler loan payoff « Hot Air

[curtinsea]

1600 new jobs in the auto industry ... 1600 new high paying Union jobs in the NE

WTG! OBAMA ..... 2012

Workers will be paid the auto maker's new hire rate of $15.78 an hour.

This is your idea of high paying union jobs??

[maverick35]

Old Mav realizes it takes brains to geta hired old Mav has no not never been hired guess cuz old Mav is old Mav exactly who would hire help old Mav RIGHT any way no big deal the neo con Republicans will figure out off how to rip opff and so sc**w them RIGHT and so then move the plants to China cuz China bribes them to RIGHT any way next Sunday is the big game go N E and so old Mav lost $ six 6 dolars to the Republicans who rig fix cheat run control manipulate the on line poker computers today this after noon butt again no big deal it wuz donated money that old Mav expected to lose butt old Mav learned a lot from losing from about why and so how old Mav lost RIGHT and so old Mav plays for fun and so a liberal education gleamed from the way old Mav loses the way is the thing it teaches old Mav a lota about how they do things RIGHT and so old Mav plays no not for the money like those Republicans do any way old Mav still needs a miracle before it is too late for old Mav and so old Mav may only hope RIGHT sorry right... sorry old Mav

[DDT]

Williston McDonalds starts ya out at 15.85 so BFD

[billybob]

OMG some how you keep getting worse and worse Nikki. Are you and Obama grasping at straws now?

[Moab]

It's the new entry rate for union members .. Remember how you all were bitching about those overpaid Auto Workers ... So now the union capitulated and lowered the new hire rate to what it is .. And you are still bitching.

This is a much higher rate than what you scab grocery workers make at entry level. I bet you don't make much over 12 per hour.

But bitch away people are getting jobs .. and that makes you unhappy because it looks good for Obama.

Both GM and Chrysler have paid back their loans. The fact is just that ... Now how they paid back the loans is another story however these new loan are just that Loans like all big Businesses do ... Borrow money with no government involvement. SOoo TARP is paid off making Both Bush and Obama's administrations look they were on the ball.

[Nynus]

Both GM and Chrysler have paid back their loans. The fact is just that ... Now how they paid back the loans is another story however these new loan are just that Loans like all big Businesses do ... Borrow money with no government involvement. SOoo TARP is paid off making Both Bush and Obama's administrations look they were on the ball.

No they didn't.

The Obama administration FORGAVE $4 billion of the $13 billion bailout debt when they filed bankruptcy in 2009. That should leave $9 billion left to pay off right? WRONG. The Obama administration negotiated down a full payout amount of $3.5 billion. In other words, $9.5 billion in taxpayer funds disappeared into thin air.

Here's where it REALLY get's fun. As part of the bailout agreement, the Obama administration gave Fiat (a non-american based car company) a Call Option to buy up to 16% of Chrysler stock at a substantially reduced price. Unfortunately, Fiat couldn't uses the call option until it paid back the reduced $3.5 billion of the remaining bailout.

Not surprisingly, Fiat couldn't come up with the cash. Banks wouldn't touch that deal with a ten foot pole.

HELLO Steven Chu. You all remember him? Solyndra...... He's Obama's Federal Energy Secretary.

He approved a fuel-efficient vehicle loan for Chrysler for $3.5 billion dollars. AND viola! Fiat then was able to pay off the required $3.5 billion

So taxpayer money went for the bailout loan. They forgave $4 billion of that loan, reduced the remaining debt from $9 billion to $3.5 billion, then loaned them $3.5 billion in green-energy dollars to pay back $3.5 billion of the bailout loan, so that a FOREIGN car company can buy up an AMERICAN car company.

Am I the only one that thinks this is fucking moronic? Dumping $9.5 billion dollars of taxpayer money so that it APPEARS that Chrysler paid off it's debt.

Don't get me wrong. I'm all for new jobs. But for the administration to put forth that Chrysler has paid back their loan, is flat out bullshit.

[billybob]

I believe GMC still owes 54 billion but don't care enough to look it up.