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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 Boo Radley View Post
    Republicans would have done the bailout as well. No one was going to let them fold.



    correction. Certain republicans would have done them, yes McCain so you are right there. but nah, if they cant hang they should fold
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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Ford and Japanese automakers would probably take over the business that GM and Chrysler would lose them.
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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Lord Tammerlain View Post
    What bias.

    Are the following facts or not?
    Auto sales did collapse did they not?

    There was a credit crisis at the time was there not

    The financial institutions that GM could have gotten debtor in financing from were getting bailout by the government at the time were they not.



    The only question would be.

    Who could GM and Chrysler have gotten debtor in financing from at that time?
    Do not know Obama did not let that happen and stopped GM from filing bankruptcy. Instead Obama took control which in my mind is wrong. It is not the governments job to control private business. But with the new finance bill Obama signed yesterday you may see more of this socialist type of government take overs

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Reid is telling his gullible puppets a blatant lie for a chance at reelection. Ford motor and credit were never in trouble and was only going to take money in the chance that they needed it as a last resort. Also, the auto industry would have benefited greatly from GM and Chrysler folding.
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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    No, I don't believe they would have. History tells another story. While I do agree they would not help unions, the fact is failure would effect far more than the unions.
    Yes, more than unions would have been effected by their collapse, but that is the same of any business, and no reason for the government to save them.

    We have always bailed out the auto industry and there is little to suggest anyone would have done anything different today.
    This is a truly sad statement.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by NolaMan View Post
    Yes, more than unions would have been effected by their collapse, but that is the same of any business, and no reason for the government to save them.



    This is a truly sad statement.
    In the democrats and Obama's eyes the unions must be saved they are important in democrat elections

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Lord Tammerlain View Post
    The auto parts suppliers is the key here.
    Which should be very obvious, but for some reason it's not to some people.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by DrunkenAsparagus View Post
    Ford and Japanese automakers would probably take over the business that GM and Chrysler would lose them.
    Over the long run absolutely. But that takes time. Time to build new plants. Time to line up new suppliers (especially in the case of the Japanese manufacturers considering how they operate). Time to hire new workers. In the mean time, the supply chain would have effectively died off with too little demand coming from just Ford. Lord Tammerlain is 100% correct on this and ptif219 has utterly failed to grasp the concept of. The immediate effets of GM and Chrysler going down would be immense and not easily recoverable from.

    That said, GM is still fracked up and Chrysler even more so. GM should spin off its North American branch and focus on where it makes money: every where else.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by Boo Radley View Post
    Republicans would have done the bailout as well. No one was going to let them fold.
    Ford didn't take any bailout money, Einstein.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Harry Reid: Auto Bailout Probably Saved Ford

    Quote Originally Posted by randel View Post
    i would disagree....they would have let them fail if anything to cripple the unions
    If they would have let them fail it woud have been because, long term, it is better for these probelems to fix themselves than to have the government do it.

    The unions are doing more than enough to kill themselves; they do not ned any help from the GOP.

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