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To: SoConPubbie
Ford Credit, clearly part of the Ford family of companies, as the article clearly states that I linked to, took 12 billion dollars. That ain't chump change, and yes, they took bailout money.

From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

BTW, Toyota also took a bailout, I mean loan, according to your link. I guess you're writing them off, too.

Heres more, from Bloomberg.com "Just about every one of the European automakers, apart from Mercedes, have had a rescue of some sort or another,” Rhys said. And Toyota has benefited from Japan’s "incredible low cost of credit," he added. "It wasn’t technically state aid, but it certainly wasn’t the sort of conditions companies in Europe or North America could borrow at.""

Besides, as I said Ford did NOT screw over their bond holders to pay off the UAW as GM and Chrysler did.

I'll not buy one stinkin' product from any of these traitorous companies until the completely divest themselves of all entanglements with the Federal Government.

Also from your link, "All of this aid has since been repaid with interest to the government."

I will reward those companies that did not take bailout money with my business.

Good, because your own link acknowledges that the loans Ford took out are not the same thing as a bailout.

23 posted on 09/22/2012 4:09:39 AM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty
From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

Isn't this just a mere case of semantics?

I believe they all have tried to pay back both the loans and TARP and bailouts.

Trying to hide the fact that they took tax-payer money, because it's labeled a loan really means nothing.

Now I will give Ford credit where I believe it is due: I don't believe they did the horrible things GM did by forgetting the secured debt and getting so deep in bed with the Unions, but, after everything is said and done, they took tax-payer money.

My taxes, your taxes, everyone's taxes should not be used for that purpose. Quit patting them on the back for doing this kind of garbage.
24 posted on 09/23/2012 10:14:31 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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