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FORD DIDN'T TAKE THE BAILOUT (vanity )

Posted on 09/21/2012 9:34:13 AM PDT by hecht

Ford is doing well. Ford didnt close dealerships that cost 65,000 jobs If GM had followed Fords example they wouldnt have closed up. if we know this why doesnt the GOP counter the. "GM is alive and Osama is dead" with Ford is alive? Why?


TOPICS: Politics
KEYWORDS: automakers; bailout; federalspending; ford; fordmotor; gm; gop; obama
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To: SoConPubbie
Ford took out loans to retool their plants to produce more fuel efficient cars. They didn't take the bailouts that GM and Chrysler did, and they didn't screw their bond holders to pay off the UAW.

I'm going with Ford.

21 posted on 09/21/2012 5:17:19 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty
Ford took out loans to retool their plants to produce more fuel efficient cars. They didn't take the bailouts that GM and Chrysler did, and they didn't screw their bond holders to pay off the UAW. I'm going with Ford.

Argue with the facts all you want.

Ford Credit, clearly part of the Ford family of companies, as the article clearly states that I linked to, took 12 billion dollars.

That ain't chump change, and yes, they took bailout money.

You'll also notice, that when warned by the Obama Administration to back off the false claims of not taking bailout money, you haven't heard a peep out of them about this spurious claim.

There are some companies that did not take bailout money, I believe none of the Korean or Japanese companies took bailout money, and their prosperity has only grown.

I'll not buy one stinkin' product from any of these traitorous companies until the completely divest themselves of all entanglements with the Federal Government.

I will reward those companies that did not take bailout money with my business.
22 posted on 09/21/2012 9:21:03 PM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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To: SoConPubbie
Ford Credit, clearly part of the Ford family of companies, as the article clearly states that I linked to, took 12 billion dollars. That ain't chump change, and yes, they took bailout money.

From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

BTW, Toyota also took a bailout, I mean loan, according to your link. I guess you're writing them off, too.

Heres more, from Bloomberg.com "Just about every one of the European automakers, apart from Mercedes, have had a rescue of some sort or another,” Rhys said. And Toyota has benefited from Japan’s "incredible low cost of credit," he added. "It wasn’t technically state aid, but it certainly wasn’t the sort of conditions companies in Europe or North America could borrow at.""

Besides, as I said Ford did NOT screw over their bond holders to pay off the UAW as GM and Chrysler did.

I'll not buy one stinkin' product from any of these traitorous companies until the completely divest themselves of all entanglements with the Federal Government.

Also from your link, "All of this aid has since been repaid with interest to the government."

I will reward those companies that did not take bailout money with my business.

Good, because your own link acknowledges that the loans Ford took out are not the same thing as a bailout.

23 posted on 09/22/2012 4:09:39 AM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty
From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

Isn't this just a mere case of semantics?

I believe they all have tried to pay back both the loans and TARP and bailouts.

Trying to hide the fact that they took tax-payer money, because it's labeled a loan really means nothing.

Now I will give Ford credit where I believe it is due: I don't believe they did the horrible things GM did by forgetting the secured debt and getting so deep in bed with the Unions, but, after everything is said and done, they took tax-payer money.

My taxes, your taxes, everyone's taxes should not be used for that purpose. Quit patting them on the back for doing this kind of garbage.
24 posted on 09/23/2012 10:14:31 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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To: SoConPubbie
Isn't this just a mere case of semantics?

The only one playing semantics is you, trying to associate loans that Ford took out and payed back with interest, with GM and Chrysler taking government money, and using the power of the government to screw the bond holders to pay off the UAW. Even your own link admitted that it wasn't the same thing.

I believe they all have tried to pay back both the loans and TARP and bailouts.

Ford has paid the loans back with interest.

Trying to hide the fact that they took tax-payer money, because it's labeled a loan really means nothing.

Nobody said they didn't borrow tax payer money. Companies and individuals do it all the time.

Now I will give Ford credit where I believe it is due: I don't believe they did the horrible things GM did by forgetting the secured debt and getting so deep in bed with the Unions, but, after everything is said and done, they took tax-payer money.

You start off by saying "I will give Ford credit where I believe it is due", but you avoided doing just that. Ford didn't take your money, they borrowed it, and paid it back with interest.

My taxes, your taxes, everyone's taxes should not be used for that purpose.

Bailouts? I agree. Loans? What's wrong with loans, provided you can pay them back?

Quit patting them on the back for doing this kind of garbage.

What garbage, borrowing money and paying it back?

25 posted on 09/23/2012 12:05:46 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: JimRed

Where are Ford engines and transmissions made?


26 posted on 09/24/2012 5:56:15 AM PDT by Boston Blackie
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To: Boston Blackie
The 5.0 V8s in the Mustang and pickups are made in Canada. The Mustang's manual is made in China. The Mustang's V6 and auto are made in the US. BTW, the Mustang's competitors, the Camaro and Challenger, are build in Canada, so the Mustang is as close to American as you're going to get with American muscle cars.

The Fusion is made in Mexico, but the V6 is made in the US.

BTW, all of this can be found on the window stickers, if you're looking to keep the US part content as high as possible. If your point is that even Ford has foreign parts content, yup, no getting away from that.

27 posted on 09/24/2012 5:21:35 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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