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Posted: 7/22/2010 6:40:01 AM EDT
http://www.realclearpolitics.com/video/2010/07/21/harry_reid_auto_bailout_probably_saved_ford.html




OK, he says "probably", but there is that certain irony that Ford was saved while declining the handout.    If they only could have saved the banks the same way...
Link Posted: 7/22/2010 6:42:47 AM EDT
In other news, Reid is desperately trying to save his job.
Link Posted: 7/22/2010 6:44:39 AM EDT
Wow, bailing out the other 2 automakers helped ford because they still have compitition?   Didn't
Ford not take bailout money. I'm confused...
Link Posted: 7/22/2010 6:44:55 AM EDT
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  
Link Posted: 7/22/2010 6:45:58 AM EDT
I recall last year, how the Dems were deriding Ford for not taking the money, and saying "it's only a matter of time until they do."


Link Posted: 7/22/2010 6:46:33 AM EDT
Wow, bailing out the other 2 automakers helped ford because they still have compitition?   Didn't
Ford not take bailout money. I'm confused...
Link Posted: 7/22/2010 6:47:02 AM EDT
Originally Posted By CS223:
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  


This.
Reid is right, just probably not in the way he thinks he is. Or maybe he acknowledges the backlash, I duno.

Posted Via AR15.Com Mobile
Link Posted: 7/22/2010 6:48:10 AM EDT



Originally Posted By Flyskate:


Wow, bailing out the other 2 automakers helped ford because they still have compitition?   Didn't

Ford not take bailout money. I'm confused...


Weird, 2 minute delayed double tap.



 
Link Posted: 7/22/2010 6:48:57 AM EDT
Yeah, must be Reid!
Link Posted: 7/22/2010 6:51:36 AM EDT

Link Posted: 7/22/2010 6:54:01 AM EDT

Link Posted: 7/22/2010 6:57:57 AM EDT
Originally Posted By CS223:
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  


this
Link Posted: 7/22/2010 6:59:09 AM EDT
Forgot to add, Reid can suck a dick and fuck Obama...
Link Posted: 7/22/2010 7:01:58 AM EDT
Alzheimer's is setting in.
Link Posted: 7/22/2010 7:08:14 AM EDT
Originally Posted By snakes19:
Originally Posted By CS223:
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  


this


Sort of. Ford made some timely and desperate financial moves prior to the bust. They took huge loans against most of their liquid assets. So, when the bottom dropped out, they had operating cash. Rather than take the bailout, they took a wait and see sort of attitude. It was a bold move, but to the public, they seemed solvent (which technically, they were). This probably helped their sales.
Link Posted: 7/22/2010 7:18:42 AM EDT
Originally Posted By Tim_the_enchanter:
Originally Posted By snakes19:
Originally Posted By CS223:
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  


this


Sort of. Ford made some timely and desperate financial moves prior to the bust. They took huge loans against most of their liquid assets. So, when the bottom dropped out, they had operating cash. Rather than take the bailout, they took a wait and see sort of attitude. It was a bold move, but to the public, they seemed solvent (which technically, they were). This probably helped their sales.


This is where having the Ford Family in charge can make for decisive and bold strategies. I doubt GM would/could ever pull this off.

Link Posted: 7/22/2010 7:28:19 AM EDT
Link Posted: 7/22/2010 7:36:52 AM EDT



Originally Posted By Flyskate:


Wow, bailing out the other 2 automakers helped ford because they still have compitition?   Didn't

Ford not take bailout money. I'm confused...


Magnets.
Magnets... and rainbows.
 
Link Posted: 7/22/2010 7:43:03 AM EDT
Originally Posted By ghengiskhabb:
Originally Posted By Tim_the_enchanter:
Originally Posted By snakes19:
Originally Posted By CS223:
Reid is right. People said fuck Government Motors & Cry-Slur due to the bail out and bought Fords thus increasing Ford's market share.  


this


Sort of. Ford made some timely and desperate financial moves prior to the bust. They took huge loans against most of their liquid assets. So, when the bottom dropped out, they had operating cash. Rather than take the bailout, they took a wait and see sort of attitude. It was a bold move, but to the public, they seemed solvent (which technically, they were). This probably helped their sales.


This is where having the Ford Family in charge can make for decisive and bold strategies. I doubt GM would/could ever pull this off.



Agreed.  They embarked on a much needed restructuring and bet the farm to do it.  GM just couldn't follow suit because of its boated bureaucracy and "too big to fail" mentality.  Moreover, the "reforms" forced by the government upon GM were largely cosmetic.
Link Posted: 7/22/2010 7:54:32 AM EDT
Didn't Reid invent email? Al-gore invented the Internet.
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