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Thread: Harry Reid: Auto Bailout Probably Saved Ford

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by digsbe View Post
    Did I ever say that? Nope, and I'm not saying Republicans never lie. Do Republican lies justify Dem ones? The fact is that Dems are in control right now, and they are lying on a regular basis to the American people in order to push through an agenda.
    No, they don't. But let's be clear, politiicans lie. They have to. We can't handle the truth.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by DrunkenAsparagus View Post
    I completely agree on the politics of it.



    The reason is that they're resistant toward necessary change, because they think Uncle Sam will just clean up their mess.
    And they are right. And we the people will be very upset if the government doesn't. That's why this isn't new.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Reid is still at it and doesn't realize he is beating himself


    The American Spectator : AmSpecBlog : Reid to Netroots: "We're Going To Have a Public Option"

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    And they are right. And we the people will be very upset if the government doesn't. That's why this isn't new.
    Yet the bailouts are only putting off the inevitable, making the problem worse.
    "Doubleplusungood"

    George Orwell

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by DrunkenAsparagus View Post
    Even the collapsing economy had demand for auto parts.
    Why did Toyota report losses?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Goldenboy219 View Post
    Why did Toyota report losses?
    Because the demand was down, but it was still there. Toyota didn't need a bailout
    "Doubleplusungood"

    George Orwell

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    No, they don't. But let's be clear, politiicans lie. They have to. We can't handle the truth.
    I think we can handle the truth, we just don't want to hear it This problem stems from both sides of the isle. Regardless, we see Harry Reid clearly lying, and we know Obama has lied about the stimulus. They make these false claims that are borderline propaganda. Their default tone is that the bailouts and stimulus has saved us all, when in reality they don't know what they are talking about.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    Actually, the bailout did benefit Ford.

    At the same time, the Dearborn, Mich. car company is likely to benefit from many of the concessions that General Motors Corp. and Chrysler LLC exact from the suppliers, unions, dealers and debt holders shared by all three companies.

    (snip)

    Still the company needed the Bush Administration to rescue GM and Chrysler because of fears that a failure of one or both of those companies could imperil their shared base of auto-part suppliers. "The U.S. auto industry is highly interdependent, and a failure of one of our competitors would have a ripple effect that could jeopardize millions of jobs and further damage the already weakened U.S. economy," Mr. Mulally said.

    Ford Will Likely Benefit From Bailout - WSJ.com
    Ya Ford benefitted by the state aiding its competitor.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Agent Ferris View Post
    Ya Ford benefitted by the state aiding its competitor.
    Yes, they did. Their competitor wasn't much of a threat, but they had reason to not want to seem them fail. The case is made in the article.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by DrunkenAsparagus View Post
    Because the demand was down, but it was still there. Toyota didn't need a bailout
    Toyota felt similar shocks to demand; for the first time in their existence, they reported a net loss.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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