White House, Congress agree on auto bailout plan (It is not a "loan", stop the bailout madness!)

afp ^ | 12/10/2008 | afp

[agere_contra]

They are doomed, let them die already.

[caver]

It sounds like Ford will not be taking the bailout. I would think that Ford ought to be stressing that they are not part of the bailout and distance themselves from this and the car czar. It will help Ford sell lots of cars.

I and many others will never buy a car from a company that gets in on this bailout.

[LibLieSlayer]

Another liberal program by our liberal President Bush... he is bragging about this POS this very morning... only problem... it will be much worse under the marxist that will replace him. At least Mitch McConnell is not on board and is saying there may not be enough Republicans to get this passed.

Please GOD... please stop this madness... Amen.

LLS

[tobyhill]

Ford will continue to build Large Trucks and SUVs while others build the US mandated version of the Yugo.

[fredhead]

Ford saw this coming and restructured beforehand, shutting down factories (one here in Norfolk, VA) to cut costs.

Maybe FoMoCo is a little more fiscally responsible?

Me? I drive an American built Nissan truck (2007 Titan), a Mexican built VW (2008 New Beetle) and a German built VW (1969 Beetle).

[caver]

Ford might well be the only US car company left standing in a year or so.

[mewzilla]

It's a UAW bailout plan.

Note to Congress: And you vote for it at your political peril....

[668 - Neighbor of the Beast]

Auto makers who fail should not be “rescued.” Legislators who rescue them should be RECALLED.

[pnh102]

It is this kind of crap that led me to change my party affiliation from GOP to "unaffiliated." How can any political party be so stupid in offering a $15 billion welfare payment to the same group of thugs, namely the UAW, that does everything it can to defeat as many conservatives as possible in every single election?

If it was up to me, I would have told the Big 3 to drop dead and the UAW to go screw itself. And yes, I do believe that the loss of the Big 3 is a small price to pay if it means defunding the UAW.

[NoControllingLegalAuthority]

I hope Ford runs completely away from this government disaster.

They can still remain FoMoCo.

GM will become a MoFoCo.

[tobyhill]

There's only one reason the Rats want the bailout now, to call it bipartisan when it fails.

[mewzilla]

I just hope to Heaven it fails. My Critter voted for the last bailout after voting against it. Guess what? He's toast, and good riddance. His fate, and that of the other Pubbie Critters who lost, should be a lesson to them all.

[traditional1]

"I and many others will never buy a car from a company that gets in on this bailout."

Why not? You'll be paying them (with your taxes) and not even getting the car?

LOL

/sarc

[caver]

“Why not? You’ll be paying them (with your taxes) and not even getting the car?”

Yea, I know........

[Former Proud Canadian]

Nobody likes the bailout. However, the alternative is unpalatable.

[nicola_tesla]

Why ? Rewarding failure is good ? Funding overcapacity in the auto industry is good ? Funding gold-plated medical plans and pensions and jobs banks is a good use of tax money ? You want to indebt your grandchildren for that ?

Geez, let’s end with the “no jobs lost” theme. Take our pain, move to a level in the economy that’s sustainable. Lots of other industries have closed plants and offices and more will within the next year. Why should autos be immune ?

[Made In The USA]

Sign me up! I'm absolutely proud of Ford.

It would seem a wise move to not be burdened with greater debt with the added pain of some clueless politician car-czar influencing how the business is run. If their future holds Ch.11, at least they will not scam billions from American taxpayers in the process.

[doodad]

If the UAW is not curtailed, then all the bailouts in the world will not help these industries. We just closed two division in our company, why can’t they?

[webschooner]

Correct. Let me repeat that with emphasis. They are getting what they paid the Dem party for:

The Great UAW BAILOUT of 2008