Chrysler’s ‘hit list’ targets GOP donors

OBAMANOMICS

Dealers who give to Republicans much more likely to be shuttered
Posted: May 27, 2009

By Chelsea Schilling
© 2009 WorldNetDaily

As part of its Chapter 11 bankruptcy, Chrysler is terminating one-fourth of its franchises – but some say its catalog of doomed dealerships looks more like a hit list that specifically seeks to put Republican donors out of business.

Chrysler will now be eligible for up to $8 billion in taxpayer-funded federal aid. The federal government has already provided $8.58 billion to Chrysler and Chrysler Holding between the months of January and May of this year. The Treasury also loaned $1.5 billion to the automaker’s lending arm in January.

President Obama has said the bankruptcy will give the company “a new lease on life,” after his administration spearheaded a plan requiring the company sell to Italian automaker Fiat. Chrysler’s stronger operations will be owned by Fiat, labor and the U.S. and Canadian governments. The sale could close as early as this Friday.

Obama said the bankruptcy would be a “quick” and “efficient” step toward Chrysler’s “survival.”

“The necessary steps have been taken to give one of America’s most storied automakers, Chrysler, a new lease on life,” Obama said. “This is not a sign of weakness.”

But WND reviewed the list of 789 closing franchises and databases of political donors and found that of dealership majority owners making contributions in the November 2008 election, less than 10 percent gifted to Democrats while 90 percent gave substantial sums to Republican candidates.

The listed franchise owners contributed at least $450,000 to Republican presidential candidates and the GOP, while only $7,970 was donated to Sen. Hillary Clinton’s campaign and $2,200 was given to Sen. John Edwards’ campaign.
Complete article at:
http://wnd.com/index.php?fa=PAGE.view&pageId=99325

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