While Chrysler is celebrating paying off its debt to the US government, Henry Payne makes a few observations of how things aren't quite what they seem. Notable points:
-The government still owns 6.6% of Chrysler.
-Chrysler didn't so much pay off the debt as move it to another credit card, just not one owned by the government.
-Taxpayers are still going to lose $1.9 billion on the deal.
-Obama insisted that part of part of Fiat's acquisition deal of Chrysler be that they bring the successful small car from Europe, the Fiat 500, to the US. But what's bringing in the money for Chrysler now? The same as every other US automaker, trucks and SUVs.
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