The GOP strikes again

[TerryMiller]

Except they did...

It's true Ford didn't get a loan from TARP funds like GM ($13.4B including $6B to GMAC) and Chrysler ($4B) did. Ford got $6B in low-cost loans under the TALF in exchange for fast-tracking the development of "greener" vehicles...which won favor with the Obama administration. Oh, yeah...Ford Credit also borrowed $15.9B.

Perhaps Ford did borrow some, but now answer the question as to whether the automakers "paid back" all that was borrowed. General Motors and The Chrysler Group did NOT pay all their debt. I don't know whether Ford paid all of their loans back.

In fact, GM's CEO at one time was in a commercial stating that they had paid back all of their loans "with interest," but in reality, that "pay back" was done with more funds that were borrowed from the government. Even someone in the Obama administration had to verify that GM's pay back was with more government money.

 

[turkeyrun]

Ford paid back everything, early. GM paid pennies on the dollar. Chrysler paid their's.

The Vet Bill had $400B in MANDATED pork expenditures. The money allocated to Vets was "available IF needed".

The SHOULD have been defeated. Bills should be 1 item, not lumped. Line item veto sounds good, except Pedo Joe would leave the pork with his kickbacks.

The system is broke.

 

[OK Corgi Rancher]

GM repaid everything it was obligated to pay under the terms of the bailout loans. It was the US treasury that soaked the taxpayers by buying GM stock...on which they (or, we the taxpayers) took an $11B hit, ultimately. The treasury sold the stock at a big loss. That's not GM's fault.

By 2014 GM had become one of the 40 most profitable corporations in the country. Then they had the massive ignition switch recall that pretty much wiped out all their earnings.

All of the big 3 took LOTS of government money. To say Ford is any better than the others based on GM and Chrysler taking government loans is disingenuous.

 

[VarmintHunter59]

You on the registry?

I am not actually. When they shut it down the first time and it was a class action suit I pretty much lost interest. I would be the poster child for burn pits.

 

[jakeman]

Bills that are as important and meaningful as this one should be passed without amendment and without pork. If I wrote and introduced this bill and another representative or committee started adding a bunch of **** to it that was not related or just plain pork, and my bill got shot to hell, I'd be up on an ethics charged, censured and probably booted from the house, cause I would be kicking their ass and destroying their offices.

Rotten sonsabitches.

 

[Seadog]

GM repaid everything it was obligated to pay under the terms of the bailout loans. It was the US treasury that soaked the taxpayers by buying GM stock...on which they (or, we the taxpayers) took an $11B hit, ultimately. The treasury sold the stock at a big loss. That's not GM's fault.

By 2014 GM had become one of the 40 most profitable corporations in the country. Then they had the massive ignition switch recall that pretty much wiped out all their earnings.

All of the big 3 took LOTS of government money. To say Ford is any better than the others based on GM and Chrysler taking government loans is disingenuous.

Things have gotten fuzzy since those Obamanation years. What I recall and what went down May be different. What I recall is that Ford was not going bankrupt like the other auto companies. I am not for bailing out companies that mismanage their company or finances. Ford was not one of the ones that was in that boat of going bankrupt as I recall. Not sure what money they took that you are talking about. I’m up for learning.

As for GM and the others that had the deal with the government and treasury, paying back what they owed and were obligated seem like a play on words to me. Just a spin, they milked us the tax payer big time. Just another ponzu scheme robbing from the tax payer. Shifting the blame to the treasury seems like all the other money laundering that these POS Democrats do with our money.

Here is a Forbes article from 2016 that backs up what I was saying as for Ford not being one of the bankrupt companies. Seeing as Ford was not going bankrupt I’m not sure what they would need bail out money for. Maybe I’m miss understanding something.
https://www.forbes.com/sites/davidk...es-victory-lap-over-auto-industry-rescue/amp/

 

[RickN]

I just saw an story On Foxnews site slamming Republicans for it. Story did not mention the former Marine bad mouthing them is a Democrat running for the Senate.

 

[OK Corgi Rancher]

I just saw an story On Foxnews site slamming Republicans for it. Story did not mention the former Marine bad mouthing them is a Democrat running for the Senate.

I thought that sounded like more than just something some regular veteran would say. That explains a lot.

 

[JEVapa]

I just saw an story On Foxnews site slamming Republicans for it. Story did not mention the former Marine bad mouthing them is a Democrat running for the Senate.

Fauxnews suck. I haven't tuned in to anything they have since 3 NOV 20. Now they are banning Trump from the network...they are the right arm of state media. Only Tucker gets my attention and that via alternate media like Rumble.

 

[Seadog]

Except they did...

It's true Ford didn't get a loan from TARP funds like GM ($13.4B including $6B to GMAC) and Chrysler ($4B) did. Ford got $6B in low-cost loans under the TALF in exchange for fast-tracking the development of "greener" vehicles...which won favor with the Obama administration. Oh, yeah...Ford Credit also borrowed $15.9B.

That’s not the same as taking a government loan because one is going bankrupt. They were going along with that green mpg BS and retooling. I don’t equate the two. No banks wood bank roll Obamanations BS green shite.