Bush to provide Ford and Chrysler low interest loans

Discussion in 'Current Events' started by DavidS, Dec 19, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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  2. WillowTree
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    WillowTree Diamond Member

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    Bush did that just to get them to Jan. 20. After that it's in the Democrat's corner. Win or lose it's on the Dems. Low cost loan my Aunt Agnes that bunch of fuck ups called Detroit will never pay it back.
     
  3. Ravi
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    Ravi Diamond Member

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    Where do you get the idea there are no pre-conditions? That isn't what the article said.

    This may be the one thing Bush has done that I agree with.
     
  4. DiamondDave
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    DiamondDave Army Vet

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    Giving a low interest loan is better than a bailout.. but not by a lot... no preconditions would make that worse though

    And still... what benefit is the taxpayer getting out of this? None....

    With a bailout (and the reason a bailout is preferable to liberals and neo-conservatives) there comes increased power in government. A "car czar", input into the business dealings, influence thanks to the money cloud over the heads of the car companies, etc.... this is not what is needed at all...

    Have a solution where there IS true benefit to the taxpayer and where the public shows the car companies where their purchase interests are... instead of money directly to the companies for basically nothing... give the opportunity for EVERY tax paying family in the US to write off a new US car purchase on their next year's taxes (2009).... the tax payer gets a direct benefit (hell, ones with foreign cars would benefit from trading in their Accords and Camrys and getting a new US car) of a new car and a tax writeoff.. .the companies get their influx of capital... the dealerships sell and clear inventory... the banks process loans.. state taxes will get a bump from the sales... AND it will probably cost the fed less in the long run....

    The problem is that this takes power out of the government.. and the DEMs want to have the power (hell, a lot of the big government REPs are the same way)... it's not about what is best or what actually gives a benefit to the taxpayers that are fronting these actions...
     
  5. Ravi
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    Ravi Diamond Member

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    Uh,
    Dave? The so-called bailout by Congress was actually short term loans with oversight. Not any different that what Bush is effectively doing.
     
  6. DiamondDave
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    DiamondDave Army Vet

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    Was not entirely loans though.... but I do know it was not just 100% monetary give away for 'nothing'

    But still... no benefit to the taxpayer... still about power and not an actual solution
     
  7. Ravi
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    Ravi Diamond Member

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    It was loans. I think it is a good move. The big three could clearly come back after the economy picks up. Worth the chance. If they fail, oh well....retrofit the factories and start building windmills.
     
  8. DiamondDave
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    DiamondDave Army Vet

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    Again.. where is the benefit to the taxpayer? How does this really help the business or the string of businesses involved and effected by the auto 'crisis'?

    Answer to the first q is none.. Answer to the second is that it doesn't

    And as for your statement about retrofitting if there is a failure... at who's expense? Sounds like a government hand again.... more taxpayer money... more of a grab for power as the government controls the process and grabs influence....
     
    Last edited: Dec 19, 2008
  9. Ravi
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    Ravi Diamond Member

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    The benefit is jobs and a stable economy.
     
  10. DiamondDave
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    DiamondDave Army Vet

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    No... there is nothing in this that leads to a more stable economy than allowing the taxpayers to benefit from purchases into the business...

    No... jobs are STILL not guaranteed or truly helped with this... when production, sales, and the efforts in associated industries increases, THEN jobs are more likely to be 'helped' added or 'saved'...

    Your thinking behind any supposed benefit of a bailout or loan is inherently flawed
     

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