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Title: Harry Reid is a total dumbass; Angle should nail him over this
Source:
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URL Source: http://www.realclearpolitics.com/vi ... ilout_probably_saved_ford.html
Published: Jul 22, 2010
Author: realclearpolitics
Post Date: 2010-07-22 15:00:48 by no gnu taxes
Keywords: None
Views: 2036
Comments: 7
SEN. HARRY REID (D-NV): "Isn't it a good thing today in America that we have an automobile manufacturing sector? If it had been up to them [Republicans], General Motors would be gone. If it were up to them, Ford Motor Company would probably be gone. Chrysler definitely would be gone." (video at link) http://www.realclearpolitics.com/video/2010/07/21/harry_reid_auto_bailout_probably_saved_ford.html Ford didn't take any bailout money and was in pretty decent shape. What a fucking tool.
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#1. To: no gnu taxes (#0)
Ford took loan guarantees and low interest federal loans from both the U.S. and Canadian governments, and lobbied for the GM bailout to protect its own suppliers. Just last week, Ford got EU backing for loans: http://www.thetruthaboutcars.com/ford-scores-more-european-aid/
Ford got loans for expansion, not for a bailout. They weren't in bad shape.
She'll have to stop running away from the media to do that.
They got government-backed loans, the kinds of things folks like yourself typically argue means government meddling in free markets.
Here's the complete text from the link you provided: Copy where it says US loans. "Ford has once again snagged aid from a European government, as The Wall Street Journal [sub] reports that the British government has approved a £360m ($543m) guarantee on a £450 ($676.4m) European Investment Bank loan to The Blue Oval. The money will be used to fund a £1.5b ($2.25b) investment in four British Ford manufacturing sites. In an official statement, British Business Minister Mark Prisk said [Ford's] investment of GBP1.5 billion over the next five years is a great opportunity to take the lead in developing low-carbon manufacturing. This backing from the government will help to ensure the long-term success of manufacturing in the U.K. and make sure we are at the forefront of new technologies The money will be used to safeguard 2,800 British jobs, and help Ford develop a new generation of low-carbon engines as well as for development of commercial vehicles. This despite the fact that Ford of Europe had previously laid into GM’s persistent requests for European aid in restructuring its Opel division."
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They did not get bailout money. Period.
But they did get US help! When the US Calvary drove the Indians out....
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Ford didn't take any bailout money and was in pretty decent shape. What a fucking tool.
Being a Republicans means you get to choose your own reality
#2. To: go65 (#1)
#3. To: no gnu taxes (#0)
Harry Reid is a total dumbass; Angle should nail him over this
"To suffer the slings and arrows of outrageous liberals,
or to quit halfterm, and by opposing, rake in speaking fees." - ShakesPalin
#4. To: no gnu taxes (#2)
Ford got loans for expansion, not for a bailout.
Being a Republicans means you get to choose your own reality
#5. To: go65, no gnu taxes (#1)
Toss: ADL,CAIR and the Vatican into the pit they belong in.
#6. To: go65 (#4)
hey got government-backed loans,
#7. To: no gnu taxes (#6)
Toss: ADL,CAIR and the Vatican into the pit they belong in.
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