Car-Forums.net

[weayaya]

And they still build crap. I wonder how long it will be before they fail again?

No they didnt. They did the same thing GM did and paid back the loan by getting another loan

[deverril]

No they didn't. That "source" is just giant numbers fudging.

[atwell90]

What about " General Motors "...... I mean " Government Motors " ? ( crickets )


Obama's ONLY solution to EVERY problem is to throw more & more unlimited money at it and.......when that does not work......Obama AGAIN throws more & more money at it

[horry100]

Actually, it repaid a loan with another loan. Besides, even a straight-up repayment would not justify having received a bailout in the first place. Government shouldn't get to pick favorites and reward their political support with our money.

[paine]

You mean like GM paid back the loan and started TV ads about doing so ?

Even though it was a big lie, they took out a different government loan to pay off another government loan...................just one of many lies and financial shuffling done to make the losing companies see solvent.

I suppose I could respond to Mr. BEWARE's half truths and cherry picked details taken out of context but then some liberal would probably delete my answer as a rant.

Its like the moron lefties that always whine about Reagan signing an Amnesty bill. Ah, but they don't bother to inform thier audience that he was fighting a Democrat controlled Congress (whom were acting like the typcial 'block good legislation' BASTARDS they usually are). In exchange for the amnesty, Congress was supposed to build a fence along the border which they reneged on obviously.
IT was also supposed to be "the last time such legislation would be offered".......a Statement from TED KENNEDY, yet this bastard Democrat corrupt and often drunk politician was in on the writing of the 2005 bill that they tried to ram through Congress. Which just goes to show the short attention span people have and the selfish lies that Democrats tell to get thier way.

[ruff95]

Ford credit got a 15.6 billion loan from the federal reserve.

ford issued a press release stating they borrowed 15.6 billion from the fed.

here is part of the list

The Ford borrowing timeline looks like this:

10-27-08 – Ford Motor Credit borrows $1.980 billion from the CPFF
10-29-08 – Ford Motor Credit borrows $990 million from the CPFF
10-31-08 – Ford Motor Credit borrows $991 million from the CPFF
11-18-08 – Mulally flies to Washington in the company’s corporate jet and asks for financial assistance. The event is a PR nightmare because the CEOs of GM and Chrysler also fly to Washington in private jets.
12-3-08 – Mulally drives a Ford Escape hybrid to Washington and asks for a $9 billion credit line to use “if industry conditions worsen.” Mulally says he’ll work for one dollar per year if he taps the credit line.
12-8-08 – Mullaly declares, “Ford fully supports an effort to address the near-term liquidity issues of GM and Chrysler, as our industry is highly interdependent and a failure of one of our competitors could affect us all… For Ford, a line of credit would serve only as a critical backstop or safeguard against worsening conditions, as we drive transformational change in our company.”
12-18-08 – Ford Motor Credit borrows $1.984 billion from the CPFF
12-19-08 – Ford Motor Credit borrows $992 million from the CPFF, to bring its today CPFF borrowings to nearly $7 billion. Ford would continue rolling over these loans for the next several months.
1-29-09 – Ford announces a $5.9 billion loss for the quarter but insists it does not need financial help from the government.
1-29-09 – Ford Motor Credit rolls over $1.488 billion of CP with the CPFF
2-13-09 – Ford Motor Credit rolls over $496 million of CP with the CPFF
3-2-09 – Ford Motor Credit rolls over $1.984 billion of CP with the CPFF
3-18-09 – Ford Motor Credit rolls over $1.984 billion of CP with the CPFF
3-19-09 – Ford Motor Credit rolls over $1.980 billion of CP with the CPFF
5-19-09 – Ford Motor Credit rolls over $992 million of CP with the CPFF
6-17-09 – Ford Motor Credit rolls over $992 million of CP with the CPFF



FACTS REPUBLICANS HATE
Republicans create massive deficits without a democrat president babysitter:
FY 2002 - 158 Billion Deficit - Bush/Republican congress
FY 2003 - 378 Billion Deficit - Bush/Republican congress
FY 2004 - 413 Billion Deficit - Bush/Republican congress
FY 2005 - 318 Billion Deficit - Bush/Republican congress
FY 2006 - 248 Billion Deficit - Bush/Republican congress
FY 2007 - 161 Billion Deficit - Bush/Republican congress (passed by republicans in 2006)
(Deficit numbers DO NOT include war spending which Bush kept "off-budget")

Source: CBO - Congressional Budget Office - (search for "cbo doc10871 historical" for proof)

FACTS REPUBLICANS HATE
Both our record deficits were from republican presidents.

Bush left a record deficit of 1.3 trillion the day he left office. Source: ("cbo doc9958 testimony")

Before 2009, Reagan held the record for the largest deficit since WW2 at 6.1% of GDP in fiscal year
1983. (Source: cbo 5056)

FACTS REPUBLICANS HATE
Reagan still holds the record for increasing our debt.

Reagan increased our debt an average of 23% yearly...he TRIPLED it from 934B to 2.6T (186%)
Bush increased our debt an average of 11% yearly...he DOUBLED it from 5.7 to 10.6T (86%)
Obama increased our debt an average of 16% yearly from 10.6 to 14T (inherited massive deficits)

Source: US Treasury Dept. (search for "debt to the penny" for proof)

FACTS REPUBLICANS HATE
1)Bush turned a 236 billion budget surplus into a record 1.3 TRILLION deficit which would add trillions in new debt to Obama's tab.
The US fiscal year 2009 started Oct 1, 2008 and Bush's last 4 months of the lame duck spending went on Obama's 2009 tab, including the $700 billion TARP wall street bailouts.

On Jan. 8, 2009, two weeks before Obama took office, the Congressional Budget Office testified before Congress that the deficit for FY 2009 would be at least $1.2 trillion and probably more if a stimulus bill was passed. (The FY 2009 deficit ended Sept. 30, 2009 at $1.4 trillion)

Source: CBO - (search for "cbo doc9958 testimony" for proof)
politifact.com/truth-o-meter/statements…

2)In FY 2010, the first year of entire democrat control since 1994, Obama and the democrat congress reduced the deficit by 8.6% from 1.4 to 1.3 trillion. Source: ("cbo doc11936")

3)Republicans won the house in Nov 2010 and forced their tax cuts for billionaires on America...now the deficit is projected to rise from 1.3 to 1.5 trillion in FY 2011. (Source: "cbo doc12039")