Faun
Diamond Member
- Nov 14, 2011
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They received money but it wasn't a bailout. How could it be when they weren't facing bankruptcy?Ford did receive money. What they didn't receive was bailout money. They didn't need it. Again -- they had already borrowed billions in 2006 to weather the storm.If you're talking about the two points I made -- I posted links to back them up.Since you can't prove your claim, there's really nothing for me to bother refuting. Your word that it's true is certainly not sufficient.
Meanwhile, I showed you...
a) Ford was not facing bankruptcy like Chrysler and GMC and did not need a bailout since they had already borrowed billions just a few years earlier; and
b) They took the loan, not to avoid bankruptcy, but to upgrade some plants to build higher efficient vehicles.
You can claim they would have gone bankrupt without a bailout all you want -- but ya can't prove it because it's not true.
You claiming I "can't prove" my claim is the same as refuting those two items. Are you saying that those two facts didn't occur?
Meanwhile, you claim Ford begged Congress for money to avoid going bankrupt -- only you can't actually quote a Ford exec before Congress making such a claim.
The Ford CEO said that if the auto industry was not bailed out, Ford would go bankrupt as well. Subsequently, Ford did receive government money. I don't know what the problem is. I frankly forgot why we're even debating this.
And what you're saying now is not what you said earlier. Earlier. you said Ford begged Congress for bailout money to avoid bankruptcy. Which of course they didn't since unlike Chrysler and GMC, they weren't facing bankruptcy. Compared to what you're saying now, which is they asked Congress to bailout the auto industry. Not them, but the industry. And the reason they did that was because they could have faced bankruptcy had Chrysler and GMC gone bankrupt. They were there before Congress to get bailout funds -- not specifically for themselves, but for Chrysler and GMC.
And though they were initially denied, we know this to be the case because they turned down the bailout money when Congress decided to provide it."If any one of the domestic companies should fail, we believe there is a strong chance that the entire industry would face severe disruption." ~ Alan Mulally
They later accepted a loan, again, not to avoid bankruptcy, but to upgrade some plants to accommodate regulations for higher efficiency vehicles.
Ford receive money as part of a comprehensive auto industry bailout; and it was money that they lobbied for. And then Ford splits for Mexico while Obama is still in power. That's sad leadership, guy. Arguing about whether or not Ford would've been bankrupt does not eradicate that bottom line.