Posted on 08/06/2010 12:05:24 PM PDT by Afisra
...Not mentioned by Obama, and not picked up in media coverage of the new $250 million loan, is a new regulatory measure signed into law by Obama just three weeks ago, which nearly stopped a $1 billion bond offering by Ford
(Excerpt) Read more at spectator.org ...
This was 100% foreseeable the minute they announced the prepackaged bankruptcy for GM and Chrysler.
Pretty neat trick, if you can pull it off - cripple the funding then be the one to bail it out, and it seems he did. I guess it had to be done, Ford was prospering in this economy, and there’s money and power to be had.
0bama is getting away with a lot. I guess we’ll have to live with our benevolant king./s
look for the union label
I just want to get lit, curl up in the fetal position and cry. The arrogance of this administration is just sickening. Give control of the economy back to the people, where it belongs.
Hugo Obama Chavez is doing a great job! ~sarc
Tyranny, alive and well in the Oval Office
Obtaining government guarantees is not the same thing as actually taking the funds, which GM couldn’t continue to operate without.
Ford was trying to raise funds so more people could obtain Ford vehicle loans. Those loans will pay for themselves, and I don’t see it likely the government will have to step in and cover them.
This seems like an attempt to make it look like Ford is no better than GM, and it most certainly continues to be in a much better position than GM.
And wait until the Volt goes splat.
Worse...
I saw this post the banking bill.
They have effectively thrown the Corporate Bond Market into chaos via nobody wants to rate the bonds because of the liability, but the debt is required.
Ford was a test case.
Ford or someone noted much of the legislation needed hasn't been written in the bill.
In other words, the Obamatons have all needing Corporate Debt by the Cohones.
Scott Brown really screwed the pooch on this one.
What a freakin' mess.
FR financial wonks, tell me where my analysis is wrong and I will stand corrected.
bump
Financial Münchausen syndrome by proxy .
This is essentially the business plan of all gangsters and Democrats. Create a crushing excess of taxes and/or regulations and then ride to the rescue with subsidies and exemptions for those who knuckle under.
Ave Caesar
No bitterness: our ancestors did it.
They were only ignorant and hopeful, they wanted freedom but wealth too.
Their children will learn to hope for a Caesar.
Or rather—for we are not aquiline Romans but soft mixed colonists—
Some kindly Sicilian tyrant who’ll keep
Poverty and Carthage off until the Romans arrive,
We are easy to manage, a gregarious people,
Full of sentiment, clever at mechanics, and we love our luxuries.
—Robinson Jeffers (1935)
I've never lived under a dicktater before.
I’ve never lived under a dicktater before.
This evil bastard is going to be severely humbled before it’s all over. Our side wins in the end.
Yes, we will.
69,456,897
Ford is off the list of cars to buy since they took this loan. Too bad.
I was close to buying a new F150... now it will be a non union Toyota.
LLS
I thought I read that the Tundra and Tacoma are USA union-made. FReepers?
LLS
btt
I hate to say it, but you will end up with a much better vehicle. Toyota is far superior in quality. Nothing else in my driveway.
Thanks.
The Tacoma was previously built at the UAW NUMMI plant in California, closed last year, hehe.
It was Toyota’s only unionized plant.
My 30-plus years of experience with automobiles, as well as the latest JD Power rankings, call BS on that statement.
My 17 year old F150 routinely does jobs that would make any rice-burning "truck" like a tundra die of fright.
Rice trucks are great for urban metrosexuals that don't live too far from the dealer's service bay - want to see what a man drives? Visit any construction site (or my driveway).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.