Ford

[gsganzer]

Buying any stock is a gamble, with Ford you have to believe that they will rebound and you know the White House will help bail them out if things get too bad.

As a taxpayer, I'm beginning to get tired of my tax dollars going to bail out a company that's been ruined by poor management and union extortion. We've spent enough money on airline, steel making and automotive companies. It's time to let capitalism do what it's supposed to do and let the Darwin theory take hold in the corporate world. Rest assured, companies adapt and others spring up to fill the voids. Look at Saturn and Soutwest Airlines.

 

[Gatorboy]

Looks like ford is having a rough time right now and are going to loose up to 9 billion bucks this year.

If it's loose, maybe they should tighten it.

 

[Farmwithjunk]

If it's loose, maybe they should tighten it.

What is the torque spec on an auto/truck manufacturer?

 

[N80]

As a taxpayer, I'm beginning to get tired of my tax dollars going to bail out a company that's been ruined by poor management and union extortion. We've spent enough money on airline, steel making and automotive companies. It's time to let capitalism do what it's supposed to do and let the Darwin theory take hold in the corporate world. Rest assured, companies adapt and others spring up to fill the voids. Look at Saturn and Soutwest Airlines.

AMEN! Plus, I want my money back for Chrysler. We bailed them out with taxpayer money and then sold them to the Germans.

I've been a big Nissan fan for years. My current one aint so great. Engine and drive train are fine but fit, finish and interior appointments.....well can you say "Le Car", if you get my drift. No more French Nissans for me. Can't wait for Kia or Hyundai to make a truck.

 

[HomeBrew2]

AMEN! Plus, I want my money back for Chrysler. We bailed them out with taxpayer money ....

Feel free to correct me with the facts but, I believe that a BANK (or banks) LOANED Chrysler the money. The US gov't. was the GUARANTOR on the loan. Chrysler paid the loan back in full with interest. Had Chrysler defaulted, we taxpayers would have paid back the bank. Thus, no taxpayer dollars went to Chrysler, in that transaction.

 

[gsganzer]

Feel free to correct me with the facts but, I believe that a BANK (or banks) LOANED Chrysler the money. The US gov't. was the GUARANTOR on the loan. Chrysler paid the loan back in full with interest. Had Chrysler defaulted, we taxpayers would have paid back the bank. Thus, no taxpayer dollars went to Chrysler, in that transaction.

I'm not sure that the "no taxpayer" dollars part is true. I believe the US government puts tarriffs on imported vehicles, so the american automakers can remain competitive. That means they prevent the imports from selling at a lower price, thereby preventing a true market economy, resulting in "us" the taxpayers paying more for our vehicles. Then again, maybe someone can correct me, if I have it wrong.

 

[N80]

If the government guaranteed the loan then tax payer dollars had to be available and at risk. Taxes reflect it. Also, at some point the line between the 'banks' and the 'government' gets really blurred. Sometimes it gets completely erased.

As for tariffs, that can be a tit-for-tat sort of thing between nations. Japan does the same with US beef when their not hiding behind mad cow disease to prevent it coming in the country all together.

But then I wonder if there is a tariff on foreign cars made in the US?

 

[HomeBrew2]

I'm not sure that the "no taxpayer" dollars part is true. I believe the US government puts tarriffs on imported vehicles, so the american automakers can remain competitive. That means they prevent the imports from selling at a lower price, thereby preventing a true market economy, resulting in "us" the taxpayers paying more for our vehicles. Then again, maybe someone can correct me, if I have it wrong.

(I have to assume that you read my ENTIRE sentence from which you quoted two words.) So, as part of the specific TRANSACTION to which I referred, tarriffs were imposed, at the time of, or as a direct result of, the loan guarantee to Chrysler? I admit, I did not know that. Thank you for that information

 

[HomeBrew2]

If the government guaranteed the loan then tax payer dollars had to be available and at risk....

You sure nailed me to cross on that one!!!! I thought, "Had Chrysler defaulted, we taxpayers would have paid back the bank." Now I know how wrong I was

 

[LarryRB]

AMEN! Plus, I want my money back for Chrysler. We bailed them out with taxpayer money and then sold them to the Germans.

.

WRONG!!!!!! Chrysler got a guarantee (IF) they could not pay back. As it was, Iococca paid back the debt, with Chrysler monies 5 years ahead of schedule. Look it up, everyone thinks the gov't loaned Chrysler money, they did not... THe gov't simply gave a guarantee backing to the lenders which, was never instituted...