http://www.kentucky.com/181/story/632137.html

So much for that. 17 billion. geeze!

 

Happy Happy Joy Joy... Looks like they bought themselves another 6 months.

 

Basically the Gov't, with our money is buying up the big 3 inventory of cars waiting to be sold, so now, we get to buy them twice! That is if you still want to buy American made.

 

Bad choice.

 

Same goes for the Financial Segment. You are paying interest for a loan of your own tax money.

 

Yep. Always better to make 2 mistakes than one.

 

Note... this money is for GM and Chrysler, not Ford... There is still a possibility that Ford will ask for the $9 BLN bridge loan, but was not included in this.

 

Your right, through all of this, Ford has been the most viable company. All they need to do is trim all the fat out of their operation.

 

Feeding a dead horse. Hope I'm wrong. - Og

 

The only reason this went through is because the polititions wanted to be done for christmas.

Oh the tough life of being top dog.

 

If the government really wanted to stimulate the economy they would give those cars to its citizens now that they have paid for them. Have some sort of lottery for everyone that files income taxes. Who wouldn't drive a free car? It could take some of the beaters off the road too.

 

The sad thing is, thanks to the UAW, trimming the fat means moving plants and jobs OUT of North America.....

 

I say we let em sink

 

your totally right. Fords new plant in S America is up and running and operating great, making cars cheaper, so they can sell them cheaper and start making money again.

 

This is not the first time the gov't has done this type of thing, a bit different language and conditions but the fundamentals have been the same. Good example, Chrysler in the early 80's??? Walah, a loan that funded such things as the minivan and k-car etc. which brought them out of the hole.

Again I say, giving them money hopefully stops the bleeding but what the government can do is stop all this importing without exporting. That is major as far as market share.

Right or wrong, anything had to have been done because like it or not, the fall of them would ripple worldwide. I can't think of anyone impervious to the ripple effect. People lose jobs, lose money and spend less if anything. It's a sad cycle, but a real one.