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

domer76 said:
Ford got a $9 billion line of credit and a $6 loan for hybrids. They also benefitted from the entire industry not collapsing.

https://www.thebalance.com/auto-industry-bailout-gm-ford-chrysler-3305670
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from the above link
The bailout ended up costing taxpayers $9.2 billion. Here's the breakout:

Company Invested Sold For Profit/Loss Date Bailout Ended
GM $51.0 billion $39.7 billion -$10.3 billion December 9, 2013
GMAC (Ally) $17.2 billion $19.6 billion +$2.4 billion December 18, 2014
Chrysler $12.5 billion $11.2 billion -$1.3 billion May 2011
TOTAL $80.7 billion $70.5 billion - $9.2 billion
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domer76 said:
Nope, sorry dumbfuck. A defaulted loan is a defaulted loan, not a gift. That's the way it is no matter how many times your little pea brain says otherwise.
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It's a gift, it's the same as stealing. We should have let them fail
 
doctordog said:
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.
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how much would the collapse of the auto industry have cost the government in social services and not to mention the retirees whose pensions would have disappeared. also, how much human grief would the collapse have caused. oh but the reps do not care about human suffering
 
Don Quixote said:
how much would the collapse of the auto industry have cost the government in social services and not to mention the retirees whose pensions would have disappeared. also, how much human grief would the collapse have caused. oh but the reps do not care about human suffering
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This is just irresponsible hysterics! What a horrible blanket statement that speaks more of your own intolerance for differences that don't support your vision of the world.

We don't care about human suffering???!!

Shame on you!
 
domer76 said:
Nope, sorry dumbfuck. A defaulted loan is a defaulted loan, not a gift. That's the way it is no matter how many times your little pea brain says otherwise.
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in addition to the loans, tax money was used to obtain an ownership interest in GM stock which was then gifted by the tax payers to the unions......that was no loan......
 
Don Quixote said:
how much would the collapse of the auto industry have cost the government in social services and not to mention the retirees whose pensions would have disappeared. also, how much human grief would the collapse have caused. oh but the reps do not care about human suffering
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do you think the 47,000 workers that GM cut didn't suffer?.......you tell us, after looking into your crystal ball, precisely how much more suffering would have occurred if they had completed the bankruptcy proceedings instead of the country lingering into "recovery" for seven years and adding ten trillion dollars to the national debt that we still have to repay........
 
evince said:
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?
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it worked


you fucks lie non stop about everything


I fucking hate you traitors
 
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