TheGreatGatsby
Gold Member
- Thread starter
- #161
You have a quote from a Ford exec saying they needed the money to avoid going bankrupt?This rests on the simple definition of what a bailout is. If you want to deny basic truth, that's on you, dude.
No....it rests on YOUR definition (as told to you by a random blogger)....
A Ford TV ad slams competitors for accepting bailout funds, even though the company’s CEO lobbied for the bill. The company — the only one of the Big Three not to receive a bailout — feared a collapse of GM and Chrysler at the time would have hurt suppliers and, in turn, Ford itself. Ford Chief Executive Officer Alan R. Mulally also asked Congress for a “credit line” of up to $9 billion in case the economy worsened.
Ford Motor Co. Does U-turn on Bailouts
1. Ford appeared before Congress stating they needed funds to avoid bankruptcy.
2. The government gave them low interest loans to that end.
Their propaganda not withstanding, Ford received bailout funds.
Factcheck is not "Ford propaganda"..........and they, in the course of ripping Ford, maintain that Ford did NOT RECEIVE A BAILOUT.........
Now you may quibble about what NOT RECEIVING A BAILOUT means, but we can categorically reject that it means receiving a bailout.
Ford said they'd go bankrupt; so, the govt gave them financial assistance: BAILOUT.
How did they reward the American taxpayer? By moving a plant to Mexico.
That happened on Obama's watch. Dude doesn't know The Art Of The Deal.
Ford liked to pretend they didn't get bailout money:
The Obama Regime reminded them that they received bailout money and put an end to that: