Obama pledges to back up warranty, parts, support for GM & Chrysler customers
From a two-page document released earlier today by the Obama Administration summarizing President Obama’s promise to potential buyers of GM and Chrysler products:
“It is my hope that the steps I am announcing today will go a long way towards answering many of the questions people may have about the future of GM and Chrysler. But just in case there are still nagging doubts, let me say it as plainly as I can — if you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always. Your warrantee [sic] will be safe.
In fact, it will be safer than it’s ever been. Because starting today, the United States government will stand behind your warrantee. [sic]“
Where does the money come from? …