Tag Archives: Bush administration

Bogus controversy over Chrysler’s Super Bowl ad

b971e000bc887103060f6a7067008117.jpgDaniel Gross with Yahoo! Finance offers a good explanation of why the controversy over Chrysler’s Super Bowl ad is bogus — especially complaints from Karl Rove and other Republican operatives.

Here’s an excerpt: “Let’s review the record. Chrysler was run into the ground by Cerberus, a private equity company controlled by Stephen Feinberg, a major contributor to Republican candidates. When push came to shove in late 2008, Feinberg, a billionaire, chose not to use his own resources or those of his fund to meet Chrysler’s vast financial obligations. So in early 2009, the Bush administration, for which Karl Rove worked, used funds from the TARP, a piece of legislation the Bush administration proposed and that was supported by Republican Congressional leaders, to help Chrysler. … “

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