Ford Gets 9.2 Billion Bailout errrr Loan
This is just crazy stuff right here. I suppose the utility companies will be receiving their bailout loans soon to build green power generator plants? The cart is ahead of horse as usual. Link
Forum Discussion
StonedPanther wrote:BB_TX wrote:
Lot of difference between a loan to a financially stable and viable company and giving money to one that is not.
Sure is LOLblt2ski wrote:
I see more positives than negatives to this loan. The chance that their is private money per say to do this is reasonably slim. Loans like this happen frequently in other countries.
Not saying one should or should not agree. Personally I feel this is a good thing.
Marty
Yes, plenty of positives. There is also plenty of positives to handing out 400 billion to pay towards peoples student loans. Loans that folks agreed to pay back when they signed on the line in order to attend classes such as "Lady Gaga and the Sociology of Fame" or "The Art of Walking"
Heres some more positives.
Chrysler built a huge factory in western PA in the late 60's/70's. The government stepped in with "help". Tax breaks, new highways, etc. The economy tanked in the early 70's and it never opened after all the taxpayer money was spent.
In the 80's Volkswagon moved in that plant with government help. 10 years of tax breaks, etc. They built the Rabbit there. 10 years later the tax breaks ended, Volkswagon moved back to Germany. At least the taxpayer did not put money out on the front end LOL.
Then along came Sony and moved into that plant. The same type of government deal. 10 years almost to the day and the tax breaks ran out, Sony closed down and moved those operations back to Japan.
Right down the road Phillips built a new factory with government help about 10 years ago. Its closing down June 30th, jobs moved to Mexico.
The Government has never generated so much as one cent of income.
Plenty of positives indeed.
Sounds like a union infestation...
