ford to keep 700 jobs in Mi...thanks O for saving the auto industry

SmarterthanYou said:
temporarily. All the bailout did was extend the time a crash happens. it's inevitable and will just take longer to recover from.
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what about the two-tiered wage program where older higher paid workers are aging out of the program and lower paid workers are replacing them.
 
domer76 said:
They still owe the Feds $3.5 billion in loans. Where do you think they got the money? The local pawn shop?
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loans are not gifts......they borrowed money from banks with federal guarantees.......the loans are not due until 2022....are you angry they haven't paid the banks early?.....
 
PostmodernProphet said:
that doesn't change the fact that they didn't take any bailout money, which your link confirms.....taxpayers lost $8 billion on the bailout of GM, $1 billion on the bailout of Chrysler and lost nothing on Ford.....(from YOUR link).....
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Then address where that $5.9 billion came from, stupid fuck.
 
PostmodernProphet said:
loans are not gifts......they borrowed money from banks with federal guarantees.......the loans are not due until 2022....are you angry they haven't paid the banks early?.....
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The bailouts were gifts? Then why were GM and Chrysler paying those "gifts" back?

But, as the typical ignoramus you are, you dance around the answer to the question because it makes you look the dullard that you are. Let's try again. Where did Ford get that $5.9 billion?
 
domer76 said:
1.5 million jobs saved. How can you be so chronically wrong?

"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."

https://www.google.com/amp/mobile.reuters.com/article/amp/idUSL1N0JO0XU20131209
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TARP itself required jobs to be cut.....
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models. Chrysler agreed to cut 3,000 jobs, cut one shift from production, and axe three car models.
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https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%9310_automotive_industry_crisis_on_the_United_States

notice that except in Tennessee (Nissan and Volkswagon), US auto industry employment continued a steady decline from 2009 through 2012....
Figure-E2.png.538

http://www.epi.org/publication/the-decline-and-resurgence-of-the-u-s-auto-industry/
 
domer76 said:
The bailouts were gifts? Then why were GM and Chrysler paying those "gifts" back?

But, as the typical ignoramus you are, you dance around the answer to the question because it makes you look the dullard that you are. Let's try again. Where did Ford get that $5.9 billion?
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they didn't pay it back.....we lost over $9billion on GM and Chrysler......your own link says so.....and as I already said, Ford got the $5.9 billion in TARF loans, from banks with federal guarantees.....see post #54
 
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