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Posted: 8:39 a.m. Monday, March 30, 2009
By Neal Boortz
Chrysler .. $4 billion bailout recipient .. is raising some eyebrows. Why? Because the company is spending an average of $5,600 per vehicle in incentives to get people to buy. And now, Chrysler sales are increasing .. and people are upset because they believe that bailout money is being used to offer larger incentives to buyers.
Apparently Chrysler has always been one to give steep incentives, but those deals have only increased from a year ago. According to the Detroit News, "In February, Chrysler spent an average of $5,608 per vehicle on incentives, according to Edmunds.com. That compares with $3,681 from General Motors Corp.; $3,384 at Ford Motor Co.; $2,572 at Nissan Motor Co.; $1,682 at Toyota Motor Corp.; and $1,249 from Honda Motor Co."
So now, people are questioning the spending levels of Chrysler, asking whether taxpayer money is being used to subsidize incentives that other auto companies that didn't receive a bailout can't offer. In other words, is the government bailout giving Chrysler an edge in the market place.
So ... let's recap. You can't use bailout money to reward extraordinary employee performance, and you can't use bailout money to encourage people to buy your product. Oh ... wait! I get it! The only acceptable thing you can use this bailout money for is building electric cars.
The more government gets involved in our businesses and marketplace, the more screwed up things are going to become. Capitalism is under assault. The left, with full cooperation of the media, has done a wonderful job of convincing the American people that it was capitalism, not government, which failed here. The people are wrong - but not educated to the point that they can see it. A big thanks to the wonderful voters for putting the Democrats - and this Obama guy - in charge.
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