Ford Gets 9.2 Billion Bailout errrr Loan

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 LOL
……….

Ford had a $2 billion loss in expected profits, and yet still had a year end profit of $10.4 billion. I call that financially stable and viable.

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 LOL

blt2ski 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.

The entire auto industry is living on constant repeated bailouts and subsidies now for many years if not decades. The title Corporate Titan is disgusting sick joke to many but they are experts for sucking up taxpayer dollars. See you at the rodeo. Rolling, rolling, rolling.

Unfathomable amounts of $. There is no way to avoid the current “green” agenda.

Wake up America----as I type this Tesla is building a battery plant right here in North Carolina. There is also a Vietnamese auto manufacturer building a plant for electric cars only here near my home that has been said to be the biggest construction project in the country.

blt2ski 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 who would like to invest their own money when the they can get it from the unsuspecting public that a "public servant" can sign away'

" In 2009, the Obama administration co-signed $535 million loans to Solyndra. The company filed for bankruptcy on September 1, 2011."

Nothing to worry about here, look the other way.

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

Lot of difference between a loan to a financially stable and viable company and giving money to one that is not.

An evil mix government and business.

That is the second one in the very recent past.