Ford reaches tentative UAW contract.

Terryallan wrote:

ShinerBock wrote:
I have spoken with many people about this. Almost every one of them said that they think the UAW is getting too greedy especially asking for benefits that most others do not get or have to pay for themselves. Most also felt that this greed was a large reason why we (the taxpayers) had to bail out these companies not to long ago. All of this on top of the current corruption scandals in the UAW's top executives are not helping their cause. They may have won this battle, but it appears they are loosing the war in the eyes of most people in my region because most are starting to view them unfavorably where they didn't just a few years ago.

Ford did not take the bail out. They had already done what they had to do to avoid it. GM who went bankrupt after wards, and Chrysler who was sold to Fiat, took the bailout.

I will never forget what the Ford CEO told the Congressional committee when they ask if he would work for a dollar ay year if they gave them the money. He said "No, I'm good". GM, and Chrysler CEOs on the other hand said, YES PLEASE.

I don't think I mention Ford once in my post. Someone is a little testy. Ford was actually in good standing during this crisis for various reasons and one of them was because they were awarded the $6 billion dollar loan from the Department of Energy in September of 2009. Because they knew they were going to receive this other government loan, they did not need to take part of the bailout loan. Without this Energy Department loan, I believe they would have probably needed to taken the bailout loan.

FORD
Loan Programs Office