ford to keep 700 jobs in Mi...thanks O for saving the auto industry
- Thread starter evince
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Cancel 2018.2
Oh, hi
So Obama gets praised for this, but Trump gets scorn for the same thing.
Makes sense.
Makes sense.
Nomad
Every trumper is a N4T.
Obama saves tens of thousands of auto manufacturing jobs and saves an entire industry.
The right craps it's panties and throws a fit.
Slump takes false credit for "saving" a handful of jobs at an air conditioner company in a deal hat was already done prior to the election and the right drops to its knees and hails the idiot as their savior.
Just proves how easy it is to lead stupid, low education people around by the nose.
The right craps it's panties and throws a fit.
Slump takes false credit for "saving" a handful of jobs at an air conditioner company in a deal hat was already done prior to the election and the right drops to its knees and hails the idiot as their savior.
Just proves how easy it is to lead stupid, low education people around by the nose.
Nomad
Every trumper is a N4T.
Trump hasn't done squat.
evince
Truthmatters
http://www.msnbc.com/rachel-maddow-show/gop-still-balks-obamas-successful-auto-industry-rescue
The success of President Obama’s auto-industry rescue was a pretty important issue in the 2012 campaign. It was effectively encoded into the Obama campaign’s DNA – “Osama bin Laden is dead and General Motors is alive” – and the issue became a cudgel with which to beat Mitt Romney throughout the Midwest.
*
In light of the president’s retirement, it seems unlikely the policy will as important in 2016, but as the Huffington Post’s Jonathan Cohn explained over the weekend, the relevance of the industry rescue clearly hasn’t faded entirely.
If you want to understand the temperaments and governing philosophies of the Republican presidential candidates, pay close attention to the way they talk about an iconic moment of President Barack Obama’s tenure: His decision, in the spring of 2009, to rescue Chrysler and General Motors.
*
Most of the top GOP contenders have said the decision was a mistake. The latest to do so was Rick Perry, the former governor of Texas, who boasted Friday during MSNBC’s “Morning Joe” that he was against all bailouts – including the one for General Motors. “When corporate leaders make bad mistakes, they need to be held accountable, whether they are on Wall Street or on Main Street,” Perry said.
You can watch the full Perry interview here. Note, the former governor notes in his comments that Texas is home to an important GM manufacturing facility, though that apparently didn’t affect his opposition to the White House policy.
*
If Perry’s posture seems familiar, there’s a good reason: plenty of Republican presidential hopefuls have expressed their skepticism, if not their unreserved opposition, to the policy that restored and strengthened the American automotive industry. Sen. Marco Rubio (R-Fla.) has voiced his opposition to the administration’s policy, as have former Gov. Jeb Bush (R) and Sen. Ted Cruz (R-Texas). Wisconsin Gov. Scott Walker (R) has generally refused to talk about the issue at all.
*
They do realize Obama’s policy worked, don’t they?
*
As we discussed in April, by every metric, Obama’s policy worked. The industry – the backbone of American manufacturing –*was on the verge of collapse. Without effective action, at the height of the economic crisis, hundreds of thousands of U.S. workers were poised to lose their jobs as the doors closed permanently on storied American companies.
*
Fortunately, Obama’s plan worked and the U.S. auto industry bounced back in an extraordinary way. Literally every Republican prediction of failure turned out to be wrong.
*
And yet, the 2016 field of GOP candidates remains wholly unimpressed.*Sure, Obama rescued the industry. And sure, he saved the hundreds of thousands of jobs. And sure, the entire White House policy demonstrates the importance of competent big government working to save a struggling private sector from collapse.
*
But an old joke from academia comes to mind: the policy works in practice, but does it work in theory?
The success of President Obama’s auto-industry rescue was a pretty important issue in the 2012 campaign. It was effectively encoded into the Obama campaign’s DNA – “Osama bin Laden is dead and General Motors is alive” – and the issue became a cudgel with which to beat Mitt Romney throughout the Midwest.
*
In light of the president’s retirement, it seems unlikely the policy will as important in 2016, but as the Huffington Post’s Jonathan Cohn explained over the weekend, the relevance of the industry rescue clearly hasn’t faded entirely.
If you want to understand the temperaments and governing philosophies of the Republican presidential candidates, pay close attention to the way they talk about an iconic moment of President Barack Obama’s tenure: His decision, in the spring of 2009, to rescue Chrysler and General Motors.
*
Most of the top GOP contenders have said the decision was a mistake. The latest to do so was Rick Perry, the former governor of Texas, who boasted Friday during MSNBC’s “Morning Joe” that he was against all bailouts – including the one for General Motors. “When corporate leaders make bad mistakes, they need to be held accountable, whether they are on Wall Street or on Main Street,” Perry said.
You can watch the full Perry interview here. Note, the former governor notes in his comments that Texas is home to an important GM manufacturing facility, though that apparently didn’t affect his opposition to the White House policy.
*
If Perry’s posture seems familiar, there’s a good reason: plenty of Republican presidential hopefuls have expressed their skepticism, if not their unreserved opposition, to the policy that restored and strengthened the American automotive industry. Sen. Marco Rubio (R-Fla.) has voiced his opposition to the administration’s policy, as have former Gov. Jeb Bush (R) and Sen. Ted Cruz (R-Texas). Wisconsin Gov. Scott Walker (R) has generally refused to talk about the issue at all.
*
They do realize Obama’s policy worked, don’t they?
*
As we discussed in April, by every metric, Obama’s policy worked. The industry – the backbone of American manufacturing –*was on the verge of collapse. Without effective action, at the height of the economic crisis, hundreds of thousands of U.S. workers were poised to lose their jobs as the doors closed permanently on storied American companies.
*
Fortunately, Obama’s plan worked and the U.S. auto industry bounced back in an extraordinary way. Literally every Republican prediction of failure turned out to be wrong.
*
And yet, the 2016 field of GOP candidates remains wholly unimpressed.*Sure, Obama rescued the industry. And sure, he saved the hundreds of thousands of jobs. And sure, the entire White House policy demonstrates the importance of competent big government working to save a struggling private sector from collapse.
*
But an old joke from academia comes to mind: the policy works in practice, but does it work in theory?
Ford to scrap Mexico plant, invest in Michigan; CEO cites Trump policies
Ford Motor Company on Tuesday announced plans to cancel the building of a $1.6 billion plant in Mexico and instead invest $700 million in a Michigan assembly plant, directly tying the decision to “pro-growth policies” championed by Trump.
CEO Mark Fields, speaking at an event at the Flat Rock Assembly Plant, said the policies that Trump “and the new Congress have indicated they will pursue” were vital to the company’s decision.
“We believe these tax and regulatory reforms are necessary to boost U.S. competitiveness,” Fields said.
The investment in the Flat Rock plant is set to create 700 jobs, according to Fields. The money, which was taken from the $1.6 billion earmarked for the Mexico plant, will be used to open a new factory used to build high-tech autonomous and electric vehicles as well as the Mustang and Lincoln Continental, the company said in a press release.
"I am thrilled that we have been able to secure additional UAW-Ford jobs for American workers," UAW Vice President Jimmy Settles said in the release. "The men and women of Flat Rock Assembly have shown a great commitment to manufacturing quality products, and we look forward to their continued success with a new generation of high-tech vehicles."
http://www.foxnews.com/politics/201...est-in-michigan-ceo-cites-trump-policies.html
*fantastic..way to go on the jawboning (Tweets)*
Ford Motor Company on Tuesday announced plans to cancel the building of a $1.6 billion plant in Mexico and instead invest $700 million in a Michigan assembly plant, directly tying the decision to “pro-growth policies” championed by Trump.
CEO Mark Fields, speaking at an event at the Flat Rock Assembly Plant, said the policies that Trump “and the new Congress have indicated they will pursue” were vital to the company’s decision.
“We believe these tax and regulatory reforms are necessary to boost U.S. competitiveness,” Fields said.
The investment in the Flat Rock plant is set to create 700 jobs, according to Fields. The money, which was taken from the $1.6 billion earmarked for the Mexico plant, will be used to open a new factory used to build high-tech autonomous and electric vehicles as well as the Mustang and Lincoln Continental, the company said in a press release.
"I am thrilled that we have been able to secure additional UAW-Ford jobs for American workers," UAW Vice President Jimmy Settles said in the release. "The men and women of Flat Rock Assembly have shown a great commitment to manufacturing quality products, and we look forward to their continued success with a new generation of high-tech vehicles."
http://www.foxnews.com/politics/201...est-in-michigan-ceo-cites-trump-policies.html
*fantastic..way to go on the jawboning (Tweets)*
Dec 9 The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday.
http://mobile.reuters.com/article/idUSL1N0JO0XU20131209
evince
Truthmatters
https://en.wikipedia.org/wiki/Mark_Fields_(businessman)
Career in business[edit]
Fields was recruited by Ford in 1989 and moved up the ranks. He ran Ford's Argentina operations at the age of 36.[6] He then went to Japan to run marketing and sales for Mazda Motor Corporation (then owned by Ford) and was named president and CEO of Mazda Motor Corporation in 2000, at age 38. In 2002, Fields became chairman of the Premier Automotive Group, Ford's luxury unit, which at the time included Lincoln, Aston Martin, Jaguar, Land Rover and Volvo Cars. He then was named executive vice president, Ford of Europe and Premier Automotive Group, where he led all activities for Ford's premium vehicle business group and for Ford brand vehicles manufactured and sold in European countries. In 2005, he returned to the United States to head the Americas division of the company. In this role, he developed the "Way Forward" plan, which was designed to make Ford's North American operations leaner and more centrally driven in areas such as product development, purchasing and engineering.
In December 2012, Ford appointed Fields its chief operating officer.[8] He was named president and CEO of Ford effective July 1, 2014, succeeding Alan Mulally.[9][10]
he helped nearly crash the business
Career in business[edit]
Fields was recruited by Ford in 1989 and moved up the ranks. He ran Ford's Argentina operations at the age of 36.[6] He then went to Japan to run marketing and sales for Mazda Motor Corporation (then owned by Ford) and was named president and CEO of Mazda Motor Corporation in 2000, at age 38. In 2002, Fields became chairman of the Premier Automotive Group, Ford's luxury unit, which at the time included Lincoln, Aston Martin, Jaguar, Land Rover and Volvo Cars. He then was named executive vice president, Ford of Europe and Premier Automotive Group, where he led all activities for Ford's premium vehicle business group and for Ford brand vehicles manufactured and sold in European countries. In 2005, he returned to the United States to head the Americas division of the company. In this role, he developed the "Way Forward" plan, which was designed to make Ford's North American operations leaner and more centrally driven in areas such as product development, purchasing and engineering.
In December 2012, Ford appointed Fields its chief operating officer.[8] He was named president and CEO of Ford effective July 1, 2014, succeeding Alan Mulally.[9][10]
he helped nearly crash the business
Ford didn't take bailout money..
However credit should be given to Obama on that -and if you has a scintilla of intellectual honesty -you'd credit Trump here.
Nomad
Every trumper is a N4T.
How much is Fields being BRIBED to do this and give slump the credit????
Slump is such a proven and demonstrated LIAR that we cannot believe or take anything he says seriously!!!
Corporate cronies LIE FOR EACH OTHER too.
Anyone who falls for this bullshit is a gullible rube.
Cancel 2018.2
Oh, hi
Sure he has, you're just a dishonest hack.
Cancel 2018.2
Oh, hi
What exactly did Obama do to keep these jobs in the US?
and they never repaid the money and shit on stockholders keeping the same management that ran it in the ground to begin with. It was one of the largest fleece jobs in American History. Bail outs kill innovation. Fucking democratic low lifes.
Cancel 2018.2
Oh, hi
Lol, after finding out it was actually due to Trump, you immediately say it is a lie without presenting any facts to back up your claim.
What a fool.
Cancel 2020.1
Canceled
evince
Truthmatters
https://www.nytimes.com/2014/12/20/...f-bailouts-of-automakers-and-wall-street.html
Credit
Andy Manis for The New York Times
WASHINGTON — Six years after President George W. Bush began the auto bailout, the Obama administration on Friday declared a profitable end to the sweeping federal interventions in Wall Street and Detroit, saying a final sale of stock from General Motors’ former finance arm had closed a turbulent chapter of the financial crisis.
The programs “that helped restart the flow of credit to meet the critical needs of small businesses and consumers are now closed,” declared Treasury Secretary Jacob J. Lew. “And while the goal was always to stabilize the economy, and not to make a profit, it is important to recognize the return we have earned for taxpayers.”
The government actions, initially seen as necessary in Washington and on Wall Street to prevent a collapse of the economy on the order of the Great Depression, agitated the political world, helping give rise to the Tea Party movement on the right and the Occupy Wall Street movement on the left. And even as the nation climbed out of recession and slowly recovered, many Americans were left with little trust in the nation’s government and financial institutions.
Tea Party, to many of its foot soldiers, stood for Taxed Enough Already, and the bailouts were assumed to be enormous drains on the federal Treasury. Yet in the end, the Troubled Asset Relief Program and the Detroit bailout yielded $15.35 billion in profit, Treasury officials said Friday.
Continue reading the main story
Related Coverage
G.M., Once a Powerhouse, Pleads for Bailout NOV. 11, 2008
Bailout Plan Wins Approval; Democrats Vow Tighter Rules OCT. 3, 2008
Buyout Plan for Wall Street Is a Hard Sell on Capitol Hill SEPT. 23, 2008
“Effectively, today, our rescue of the auto industry is officially over,” President Obama said Friday, opening his end-of-the-year news conference. “We’ve now repaid taxpayers every dime and more of what my administration committed.”
In all, through TARP and
Credit
Andy Manis for The New York Times
WASHINGTON — Six years after President George W. Bush began the auto bailout, the Obama administration on Friday declared a profitable end to the sweeping federal interventions in Wall Street and Detroit, saying a final sale of stock from General Motors’ former finance arm had closed a turbulent chapter of the financial crisis.
The programs “that helped restart the flow of credit to meet the critical needs of small businesses and consumers are now closed,” declared Treasury Secretary Jacob J. Lew. “And while the goal was always to stabilize the economy, and not to make a profit, it is important to recognize the return we have earned for taxpayers.”
The government actions, initially seen as necessary in Washington and on Wall Street to prevent a collapse of the economy on the order of the Great Depression, agitated the political world, helping give rise to the Tea Party movement on the right and the Occupy Wall Street movement on the left. And even as the nation climbed out of recession and slowly recovered, many Americans were left with little trust in the nation’s government and financial institutions.
Tea Party, to many of its foot soldiers, stood for Taxed Enough Already, and the bailouts were assumed to be enormous drains on the federal Treasury. Yet in the end, the Troubled Asset Relief Program and the Detroit bailout yielded $15.35 billion in profit, Treasury officials said Friday.
Continue reading the main story
Related Coverage
G.M., Once a Powerhouse, Pleads for Bailout NOV. 11, 2008
Bailout Plan Wins Approval; Democrats Vow Tighter Rules OCT. 3, 2008
Buyout Plan for Wall Street Is a Hard Sell on Capitol Hill SEPT. 23, 2008
“Effectively, today, our rescue of the auto industry is officially over,” President Obama said Friday, opening his end-of-the-year news conference. “We’ve now repaid taxpayers every dime and more of what my administration committed.”
In all, through TARP and
Ford not mentioned. Only one to not take money or go bankrupt.