The American Pundit

Or I should say, to no one who’s been paying attention to the massive screwing-over the American people have been getting’s surprise. Just as opponents to the bailout had promised would happen, Chrysler is back for another $3 billion in aid from the American taxpayers.

Chrysler LLC is seeking $3 billion in additional government aid and its finance arm is in advanced talks with the U.S. Treasury to obtain a multi-billion cash infusion that could be finalized by Friday, officials said.

Chrysler is the only one among Detroit’s Big Three automakers seeking immediate additional aid. General Motors Corp. said it had no plans to seek more aid beyond the $13.4 billion the U.S. Treasury Department is loaning it from the $700 billion Wall Street rescue fund, known as the Troubled Asset Relief Program, or TARP…

The Bush administration is working to complete action on financing help for Chrysler Financial LLC before it leaves office on Jan. 20. A government official involved in the talks said it would be less than the $6 billion package GMAC LLC received.

“We’re very hopeful that (with) continued support from the Treasury and access to the TARP funds for Chrysler Financial that we’ll be able to provide additional retail support,” Nardelli said. “Our hope is we would get that resolved within a week or so.”

Chrysler Financial’s request is separate from Chrysler’s request for $3 billion, Chrysler spokeswoman Shawn Morgan said.

Nardelli declined to say how much Chrysler Financial was seeking but said he hoped “it would provide the kind of support for us in a similar fashion that GMAC was able to provide to GM.”

After receiving its TARP money, GMAC announced new financing deals for customers and dropped its credit requirement for loans from a score of 700 to 621.

Where will the bailouts stop? Who knows. But the fact that the Bush Administration has been willing to engage in socialistic policies is sickening to say the least. The supposed “conservatives” in the White House should know better. They should know much better.

Don’t be surprised if we see the other Big Two on Congress’ doorstep soon. The pro-labor forces that will have almost unstoppable control over both Congress and the White House after January 20th will be all-too pleased to bailout the unions to an even larger extent that we’re seeing now.

Via Michelle Malkin.