New Ram - great thread!
Elder User
Joined: Jun 2007
Posts: 937
Likes: 0
Do you not understand the difference between taking advantage of a low interest loan designed as a "government incentive" for manufacturers to build fuel efficient cars in the US and a federal intervention in bankruptcy/free market? These loans were made available to all auto manufacturers who weren't bailed out.
The bailout and Ford's "loan" (a couple of Japanese auto manufacturers participated in the same low-interest government loan program, FYI) couldn't be more different.
Uncle Sam/UAW/CAW took majority stakes (i.e. ownership) in GM and a good chunk of Chrysler, not so for Ford. There's a massive difference between the two scenarios, massive. Implying otherwise shows either ignorance to the facts or blatant intellectual dishonesty.
The bailout and Ford's "loan" (a couple of Japanese auto manufacturers participated in the same low-interest government loan program, FYI) couldn't be more different.
Uncle Sam/UAW/CAW took majority stakes (i.e. ownership) in GM and a good chunk of Chrysler, not so for Ford. There's a massive difference between the two scenarios, massive. Implying otherwise shows either ignorance to the facts or blatant intellectual dishonesty.
Elder User
Joined: Apr 2010
Posts: 687
Likes: 1
Do you not understand the difference between taking advantage of a low interest loan designed as a "government incentive" for manufacturers to build fuel efficient cars in the US and a federal intervention in bankruptcy/free market? These loans were made available to all auto manufacturers who weren't bailed out.
The bailout and Ford's "loan" (a couple of Japanese auto manufacturers participated in the same low-interest government loan program, FYI) couldn't be more different.
Uncle Sam/UAW/CAW took majority stakes (i.e. ownership) in GM and a good chunk of Chrysler, not so for Ford. There's a massive difference between the two scenarios, massive. Implying otherwise shows either ignorance to the facts or blatant intellectual dishonesty.
The bailout and Ford's "loan" (a couple of Japanese auto manufacturers participated in the same low-interest government loan program, FYI) couldn't be more different.
Uncle Sam/UAW/CAW took majority stakes (i.e. ownership) in GM and a good chunk of Chrysler, not so for Ford. There's a massive difference between the two scenarios, massive. Implying otherwise shows either ignorance to the facts or blatant intellectual dishonesty.
Thread
Thread Starter
Forum
Replies
Last Post
fasthauler
Brakes, Steering, Suspension, Tires, & Wheels
7
Jan 9, 2010 09:23 AM
hotroddoc
1948 - 1956 F1, F100 & Larger F-Series Trucks
12
Feb 11, 2005 08:36 AM
