Obama says Ford Benefited from Bail outs of Competitors.

Discussion in 'Economy' started by Charles_Main, Aug 5, 2010.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    In a stunning display of this administrations lack of understanding of business. The white house is claiming that even though ford did not take any money, They benefited from the Bail out of Chrysler and GM.

    http://www.nytimes.com/2010/08/06/us/politics/06obama.html

    Once again Obama does not understand business at all. Ford would have seen much more benefit if one or both of it's competitors were allowed to fail instead of propped up by the government.

    I hope people are not falling for this line of BS.
     
  2. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    and of course the liberal media will buy it hook line and sinker.
     
  3. washamericom
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    washamericom Gold Member

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    ford was rescued by the obama administration from their worst financial crisis since the great depression
     
  4. saveliberty
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    saveliberty Diamond Member

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    I work at a dealership for one of the Big Three, not Ford. I hear people say they won't buy Chrysler or GM because they took bailout money. I think there is something to what he said.
     
  5. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Did the bailout of Chrysler and GM "save" Ford?

    No.

    Did it help Ford?

    Quite possibly.


    Now, what was it that Obama said that was wrong?
     
  6. WillowTree
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    WillowTree Diamond Member

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    that's a fucking lie.
     
  7. washamericom
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    washamericom Gold Member

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    there's alot to what he said... i live near the chrysler dealship in new london ct. closed even though it was a successful dealership. this in addition to pfizer pulling out after kelo.
    family dealship in business for generations, shut down by the "dealerships for clunkers" program, just like in atlas shrugged. and i drive a cirrus.
    this is just like the lemonade stand fiasco
     
  8. WillowTree
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    WillowTree Diamond Member

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    the bond holders, the shareholders, the pensioners, and the dealerships were ripped off by obie wan.. I will never buy GM because of that theft.
     
  9. Avorysuds
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    Avorysuds Gold Member

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    Hahah wow, just f-ing wow...

    OR, the 2 other companies would have gone BYE BYE and the people would have simply had less options reguardless. If anything they would have had thousand and over years MILLIONS of more sales VS just a few more.
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    I heard the president talking about this. He said Ford would tell you they benefited.

    Are they denying it? Is Ford contradicting the president?
     

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