Canada is going to kick in nearly $3 billion, too, readers, as we slowly slink towards a North American Union.
"Swift solution seen for Chrysler; Carmaker files for bankruptcy" by Micheline Maynard, New York Times | May 1, 2009
DETROIT - Once Chrysler restructures, the company would receive $4.5 billion in financing to restart its operations, for total US government support through the bankruptcy process and afterwards of up to $8 billion. That is $2 billion more than Obama initially said the company would receive.
What's he care? It's not coming out of his wallet.
You got anything for me and my bankruptcy?
The Canadian government also is expected to provide $1 for every $3 in American support, the official said, meaning Chrysler could receive another $2.6 billion....
On Wednesday, union members approved contract changes with Chrysler that will mean pay and benefit cuts, and their contract is expected to remain in effect during the bankruptcy....
You gotta love it, don't you?
Yeah, LABOR'S CONTRACTS are always open for RENEGEotiation, but not executive bonuses!
And WHAT GUARANTEE do the workers (and newspaper readers) have other than the PRO-CORPORATE PAPERS WORD that the contract will be honored?
Last one wasn't.
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