SidecarFlip wrote:
I would NEVER buy a GM product after the 'bailout fiasco'.. GM 'Government Motors' should give every American Citizen over the age of 18, a new vehicle to offset the taxpayers money they received.
How soon people forget.
Ford came out smelling like a rose! If people only knew the truth:
"A Ford TV ad slams competitors for accepting bailout funds, even though the company’s CEO lobbied for the bill. The company — the only one of the Big Three not to receive a bailout — feared a collapse of GM and Chrysler at the time would have hurt suppliers and, in turn, Ford itself. Ford Chief Executive Officer Alan R. Mulally also asked Congress for a “credit line” of up to $9 billion in case the economy worsened.
In other words, Ford was for government bailouts before it was against them.
Although Ford did not need money from the $80 billion bailout program, Ford did receive $5.9 billion in government loans in 2009 to retool its manufacturing plants to produce more fuel-efficient cars, and the company lobbied for and benefited from the cash-for-clunkers program — contrary to the ad’s testimonial that Ford is “standing on their own.”
SOURCE: FACTCHECK.ORG
