Posted on 07/22/2010 10:47:29 AM PDT by MissesBush
The video is available at the link above. Of course the media will remain silent on this latest Reid gaffe/lie while they keep an obsessive watch on every syllable Sharron Angle utters to try to nail her on something.
Reid also laughably claims that if the GOP had its way, GM and Chrysler would no longer exist. Someone ought to inform Dumbo Reid that without the illegal conversion of TARP funds into an auto bailout done by the Obama cabal they'd have been reorganized under Chapter 11 like the 3 major airlines were in the early 2000s and would have emerged healthier and more efficient organizations than they will otherwise having the federal sugar daddy paying for their poor business practices which will provide little incentive for them to change their ways. Reid needs to learn the difference between liquidation and reorganization. Someone gave this dope a law degree?
But we all know the bailout wasn't about forcing the auto companies into a smarter way of doing business, but providing a sop to Obama and the Dem's union buddies who benefitted tremendously at the taxpayer trough here.
How this idiot is beating Angle in some polls is beyond me. Wake up Nevada. Stop responding to Reid's union money purchased negative ads and start getting informed on what a craven bonehead you have as a senior senator.
(Excerpt) Read more at realclearpolitics.com ...
Yes, he’s probably correct, although for reasons different than he thinks. Of course it helped Ford! It prompted me to examine Ford for my new truck [lovin my new F-150, btw]. Because it would be a cold day in cowboy hell before I EVER by a GM or Chysler product AGAIN!.....Thanks Harry!
Ford should use the not taking bailout money and Reid’s comments in a marketing campaign. Then again, if they did I’m sure the .gov would go after them like they did with Toyota.
However, their are many a Ford buyer who refuse to buy GM and many a FORD employees working their tails off to bring it back (yes and some conservatives I know within GM too) that might be pissed at this since it is not the sweat of Harry Reid that will bring thing any of them back via outstanding product...
Does not matter, the bottom matter that Rat party is composed of believe him.
Correction, Try :”Someone ought to inform Dumbo Reid that without the illegal conversion of TARP funds into an auto bailout done by the Obama/Bush cabal ...”
Reid is dumber than a bag of hammers.
The only creature that is dumber than Reid is the moron that keeps voting to keep this twit in office.
Give the guy a break.
It’s hard to keep the companies you’ve nationalized straight when you’re so busy transforming America into a socialist state.
Arguably, the bail out hurt Ford by subsidizing competition and making it harder to raise money by the example of riding roughshod over bankruptcy laws.
Besides disregarding the legal position of GM and Chysler’s creditors, the government intervened to prop up the warrantees issued on GM and Chysler cars, which would have been worthless otherwise. Imagine trying to sell a GM product with no meaningful warantee?
Saved Ford, huh? How about Ford was able to manage itself without the tender mercies of a genius like Reid helping them. The fun part comes when Ford files an anti trust lawsuit against the UAW for its monopolistic position of owning auto manufacturing and representing auto workers. What happens when Ford goes non-union Harry?
Bush didn’t push an auto bailout using TARP funds. That was entirely the Obama team’s mendacity. Yes Bush got TARP. It never included an auto bailout.
Have you noticed that Ford's television advertising targets Honda and Toyota (I think) as competitors, and completely ignores GM and Chrysler?
I think that's unlikely. The supply network would have still functioned, but would have been downsized to some extent. Chapter 11 wouldn't necessarily have meant they were stiffed on being paid outstanding debts. Debts would have just been reorganized. In fact, the bailout probably did more harm to suppliers than chapter 11 because priority creditors were stiffed under the bailout plan while the UAW was given premier debter status.
Yes I have. Perhaps the management at Ford doesn’t want to rock the boat with the UAW since they pretty much were given majority stake in GM by the marxist in chief & co.
When life gives you Edsels, make lemonade.
Is he crazy or what? Ford didn’t receive a bailout that we know of.
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