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Title: Harry Reid: Auto Bailout Probably Saved Ford [ Fprd didnt get or need help ]
Source: realclearpolitics.com
URL Source: http://www.realclearpolitics.com/vi ... ilout_probably_saved_ford.html
Published: Jul 22, 2010
Author: realclearpolitics.com
Post Date: 2010-07-22 15:51:16 by WhiteSands
Keywords: Harry Reid:, liberals
Views: 24812
Comments: 6

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."

Ford did not take any bailout money from the government.

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Begin Trace Mode for Comment # 1.

#1. To: WhiteSands (#0)

Reid was right when this was posted earlier too:

http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=11423

go65  posted on  2010-07-22   15:51:56 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#3. To: go65 (#1)

Here's the complete text from the link you provided in your post:

http://www.thetruthaboutcars.com/ford-scores-more-european-aid/

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."

WhiteSands  posted on  2010-07-22 16:06:14 ET  Reply   Untrace   Trace   Private Reply  


#5. To: go65 (#1)

Reid was right when this was posted earlier too:

Lay off the Stupid pill Go65. No GM, no Chrysler means more profits for Ford.

Man are you stupid.

Nebuchadnezzar  posted on  2010-07-22 19:08:39 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

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