Blue Ops: The Clandestine Bailout Of Ford
12-23-2010, 08:48 PM
#21
I agree with you, for the most part, but I also see both sides of this. On one hand, yeah, people should support these companies to ensure the Fed gets their money back. But on the other hand, doesn't that just encourage these companies that the people will always bail out their poor business decisions...?
12-23-2010, 08:58 PM
#22
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Even the best companies are having troubles in this economy.
Another thing that is getting harder and harder to swallow is the "Buy American" I am all for keeping the money here when I make purchases however can't we implement a new phrase? "Employ American"
Just a thought
Another thing that is getting harder and harder to swallow is the "Buy American" I am all for keeping the money here when I make purchases however can't we implement a new phrase? "Employ American"
Just a thought
nailed it!!!
12-23-2010, 09:32 PM
#23
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Everybody knows Fords CEO mortgaged the farm to make it though the crash.
But keep this in mind if Ford never paid back a penny of the $7 Billion it would cost everyone of us $23.00 as opposed to the $6,300 each and every one of us will have to pony up to pay for Iraq. Atleast the big 3 create real jobs and contribute to our economy. This country needs manufacturing jobs. We can't all deliver pizzas to one another or fix eachothers computers.
But keep this in mind if Ford never paid back a penny of the $7 Billion it would cost everyone of us $23.00 as opposed to the $6,300 each and every one of us will have to pony up to pay for Iraq. Atleast the big 3 create real jobs and contribute to our economy. This country needs manufacturing jobs. We can't all deliver pizzas to one another or fix eachothers computers.
12-24-2010, 05:06 AM
#26
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Everybody knows Fords CEO mortgaged the farm to make it though the crash.
But keep this in mind if Ford never paid back a penny of the $7 Billion it would cost everyone of us $23.00 as opposed to the $6,300 each and every one of us will have to pony up to pay for Iraq. Atleast the big 3 create real jobs and contribute to our economy. This country needs manufacturing jobs. We can't all deliver pizzas to one another or fix eachothers computers.
But keep this in mind if Ford never paid back a penny of the $7 Billion it would cost everyone of us $23.00 as opposed to the $6,300 each and every one of us will have to pony up to pay for Iraq. Atleast the big 3 create real jobs and contribute to our economy. This country needs manufacturing jobs. We can't all deliver pizzas to one another or fix eachothers computers.
12-24-2010, 09:21 AM
#29
So what's new?
12-24-2010, 01:38 PM
#30
VERY true.
12-25-2010, 12:52 AM
#32
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What everyone is noticing is the dropping proportion of our GDP dedicated to the manufacturing sector. After WWII, it was around 28%; it's at 13% right now IIRC. However, our productivity has remained extremely high and is still rising. What will make many people mad is that China is expected to surpass the US in total volume of manufactured goods within the next 2 years. It's hard to compete with a country that has a population over three times ours.
Back on topic though, I'm not surprised by this revelation and it doesn't change my opinion of any company that took "bailout money". I'd love to see every one of the Big 3 succeed and prosper compared to foreign car companies (even if Chrysler is owned by a bunch of dirty Italians
).
12-25-2010, 04:43 PM
#33
While I understand where you're coming from, saying American manufacturing is "non-existent" is not even close to correct. The US is the top manufacturing country in the world, with over $1.8 trillion in output. China is number 2 with around $1.7 trillion in output. Japan comes in at number 3 with a "relatively measly" $1.1 trillion.
12-29-2010, 09:03 PM
#34
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After reading much of this thread, I'm still sitting here asking myself how "clandestine" loans amount to any form of actual bail out? After all, loans are just that and what GM and Chrysler got was money, handed to them in the billions, without having to pay it back. Sure, they had to pay back some of it, but billions will forever be unpaid balances. It simply isn't the same thing at all, in any number of ways. A loan is a loan, to be repaid. A handout is not legally to be repaid. I don't care who gets a loan, as long as they return what they borrowed, with or without interest. I do care who my tax dollars are handed to without return.
01-03-2011, 01:21 AM
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Yeah, in our Congress and perhaps by the government at large. Most Americans whole-heartedly disagreed. Most of us openly said "Let 'em fail!" or something very similar.
01-03-2011, 01:41 PM
#37
I truly think the bailout decision for the "Big 3" was a difficult and long-thought out decision that included a lot of "future thinking" in regards to the NA ecomony as relevant to the world economy.
The decision then, as made by the US government, to "bail out" the auto industry came and I believe as a result of an "attempt" to shorten the lifespan of the economic downturn. Whether the decision ends up working in NAs favor, especially in regards to China, remains to be seen. There have already been numerous signs of ill-distributed monies, and those are only what have become public.
I am not supporting any side of the decision here, just giving my $.02 on the difficulty it would be to have to make this one.
I wonder if the companies had been allowed to fail, how long the recession would last in those circumstances (I am not trying to say it's over either, I think there is still a long way to go).
The decision then, as made by the US government, to "bail out" the auto industry came and I believe as a result of an "attempt" to shorten the lifespan of the economic downturn. Whether the decision ends up working in NAs favor, especially in regards to China, remains to be seen. There have already been numerous signs of ill-distributed monies, and those are only what have become public.
I am not supporting any side of the decision here, just giving my $.02 on the difficulty it would be to have to make this one.
I wonder if the companies had been allowed to fail, how long the recession would last in those circumstances (I am not trying to say it's over either, I think there is still a long way to go).
