The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Thursday, July 12, 2012

America Taxpayers Subsidized French automaker Peugeot (who just laid off 8,000 French workers)

The folks I know drive Japanese cars, German cars, Korean cars and even American cars (as well as other vehicles) but I've never known anybody who drove a Peugeot. Apparently, Peugeot is in big trouble.

France: Peugeot cuts 8,000 jobs, closes factories

While this could be just another story about failed French state subsidized socialism, it's a whole lot more intriguing because once GM was larded up with gobs of US taxpayer cash, it went on a shopping spree and invested in Peugeot. Hot Air had great fun reporting the story.....

Oh well, it's only hard earned American taxpayer cash bailing a defunct French automaker and the American way of showing solidarity with a hearty VIVE LA FRANCE! For Obama and the bailout Dems, it's always about liberté, égalité, fraternité.
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