#3 Chrysler bailout not only saved the company, but the US government profited. Also, the auto bailout needs to be returned to taxpayers.
I’m not in the auto industry but have the compassion to understand the last thing we need is a whole industry of workers added to the unemployment lines. I don’t see any humor in it as you.
I bet Corpo is not very happy with this. I’m sure it will be taken down soon. All along Ford has “played” the bigger man by not touting what happened with GM and Chrysler because the never knew if they’d be in the same position for a “hand out”. I’m glad they haven’t needed it since I am a huge Ford fan myself. I give the board a couple extra days……
#5 we will never see any of that money again with the government having billions in defects. You’re better off letting failing companies go bankrupt, rather than putting them on life support.
5, Dallas, The last thing we need are the masses continually sucking off the teat of government. It’s nothing more than a ponzi scheme at the expense of tax payers by redistributing wealth.
9, Bill, Maybe the European spec’d Focus can’t pass U.S. safety standards?
#5 said “I’m not in the auto industry but have the compassion to understand the last thing we need is a whole industry of workers added to the unemployment lines.”
Must be nice to be compassionate with other peoples money.
Bob,
If the american auto industry failed causing hundreds of thousdans – millions(?) of people who rely on it, whether directly or indrectly, for jobs, would your company still have enough customers to be able to pay for your services?
@bill
Because the focus does >40mpg
If everbody drove one we wouldn’t need foreign oil, so we wouldn’t need such a large army, so 1000s of soldiers would be unemployed
You have to think of the economy.
If you love America go and start your truck engine now and leave it running.
It keeps more efficient auto companies who can fill the niche out of the market if the government favors only the established players. I don’t think they need a bailout when the CEO makes million dollar bonuses. Let new companies compete with the established players and not bail out GM and Chrysler.
MrMiGu said, “If the american auto industry failed causing hundreds of thousdans – millions(?) of people who rely on it, whether directly or indrectly, for jobs, would your company still have enough customers to be able to pay for your services?”
#11 Compassion aside, what is your argument to add 100′s of thousands in the auto industry added the unemployment payrolls?
Is this cheaper? Better? Please elaborate.
In normal circumstances, I’m not interested either in leveraging the federal government to rescue industries. We are not in normal circumstances however. Last time I looked, we are in the worst recession in modern times.
Good for Ford, its better then taking money from tax payers because you cannot run a business right! Fix it yourself and you will not repeat those mistakes soon. Anyone who thinks government should bail out these poorly run companies to save jobs does not realize how much tax money that costs us. Chrysler in its bankruptcy proceedings indicated it would not pay back any bailout money.
jescott says: Anyone who thinks government should bail out these poorly run companies to save jobs does not realize how much tax money that costs us.
And what would it cost us if 300,000 more workers lost their jobs? And then add the domino effect from that? We can debate it back and forth I suppose, but the man in charge decided that it would be a bad thing on his watch.
If GM closed, the US would lose the auto industry forever. Well, Ford might do well. Maybe that doesn’t affect you, but the middle of the country would be devastated. And I’m not exaggerating, devastation like we’ve not seen since the 30s.
Bull crap. Some better car company would come in and fill the niche that GM filled and fill it more efficiently.
Olo Baggins of Bywater said, on January 25th, 2010 at 12:28 pm
“If GM closed, the US would lose the auto industry forever. Well, Ford might do well. Maybe that doesn’t affect you, but the middle of the country would be devastated. And I’m not exaggerating, devastation like we’ve not seen since the 30s.”
Heh, local dealer ad, obvs.
That would be the last place I’d buy a car. The auto bailout is about preserving jobs inside a huge recession.
Funny, it doesn’t seem to preserving many jobs as Government Motors is quietly moving some production to China.
I also think you need to check your history. See: British Leyland for what happened last time some government thought this was a good idea.
#2 it’s not working. Just bigger bonuses to the executives of those bailed out companies while they lay off more workers, and ship jobs over seas.
#3 Chrysler bailout not only saved the company, but the US government profited. Also, the auto bailout needs to be returned to taxpayers.
I’m not in the auto industry but have the compassion to understand the last thing we need is a whole industry of workers added to the unemployment lines. I don’t see any humor in it as you.
I bet Corpo is not very happy with this. I’m sure it will be taken down soon. All along Ford has “played” the bigger man by not touting what happened with GM and Chrysler because the never knew if they’d be in the same position for a “hand out”. I’m glad they haven’t needed it since I am a huge Ford fan myself. I give the board a couple extra days……
Unfortunate URL on that billboard. Thought it was a joke at first… “Dicked Wards”.
Reminds me of the writing instrument company Pen Island and their first attempt at a URL…
#5 we will never see any of that money again with the government having billions in defects. You’re better off letting failing companies go bankrupt, rather than putting them on life support.
And why can’t I get a FORD Focus RS (european spec) in the US?
5, Dallas, The last thing we need are the masses continually sucking off the teat of government. It’s nothing more than a ponzi scheme at the expense of tax payers by redistributing wealth.
9, Bill, Maybe the European spec’d Focus can’t pass U.S. safety standards?
#5 said “I’m not in the auto industry but have the compassion to understand the last thing we need is a whole industry of workers added to the unemployment lines.”
Must be nice to be compassionate with other peoples money.
Bob,
If the american auto industry failed causing hundreds of thousdans – millions(?) of people who rely on it, whether directly or indrectly, for jobs, would your company still have enough customers to be able to pay for your services?
Detroit in ruins due to well-intentioned compassionate liberal policies?: http://tinyurl.com/yc9xmcz
@bill
Because the focus does >40mpg
If everbody drove one we wouldn’t need foreign oil, so we wouldn’t need such a large army, so 1000s of soldiers would be unemployed
You have to think of the economy.
If you love America go and start your truck engine now and leave it running.
Ahh, Manhattan Kansas – the little apple. Lived there for 5 years. Go Wildcats!
It keeps more efficient auto companies who can fill the niche out of the market if the government favors only the established players. I don’t think they need a bailout when the CEO makes million dollar bonuses. Let new companies compete with the established players and not bail out GM and Chrysler.
MrMiGu said, “If the american auto industry failed causing hundreds of thousdans – millions(?) of people who rely on it, whether directly or indrectly, for jobs, would your company still have enough customers to be able to pay for your services?”
#11 Compassion aside, what is your argument to add 100′s of thousands in the auto industry added the unemployment payrolls?
Is this cheaper? Better? Please elaborate.
In normal circumstances, I’m not interested either in leveraging the federal government to rescue industries. We are not in normal circumstances however. Last time I looked, we are in the worst recession in modern times.
Good for Ford, its better then taking money from tax payers because you cannot run a business right! Fix it yourself and you will not repeat those mistakes soon. Anyone who thinks government should bail out these poorly run companies to save jobs does not realize how much tax money that costs us. Chrysler in its bankruptcy proceedings indicated it would not pay back any bailout money.
jescott says: Anyone who thinks government should bail out these poorly run companies to save jobs does not realize how much tax money that costs us.
And what would it cost us if 300,000 more workers lost their jobs? And then add the domino effect from that? We can debate it back and forth I suppose, but the man in charge decided that it would be a bad thing on his watch.
If GM closed, the US would lose the auto industry forever. Well, Ford might do well. Maybe that doesn’t affect you, but the middle of the country would be devastated. And I’m not exaggerating, devastation like we’ve not seen since the 30s.
Bull crap. Some better car company would come in and fill the niche that GM filled and fill it more efficiently.
Olo Baggins of Bywater said, on January 25th, 2010 at 12:28 pm
“If GM closed, the US would lose the auto industry forever. Well, Ford might do well. Maybe that doesn’t affect you, but the middle of the country would be devastated. And I’m not exaggerating, devastation like we’ve not seen since the 30s.”