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Did this cost the U.S. taxpayer anything?

I couldn't care less if the Japs bailed out the company. They did it with Jap $.

+1000

What a bunch of BS. Is this mr. goodwrench, aka the guy in Washington, D.C.? A government motors apologist trying to turn things to suit themselves.

You do some checking yourself. There's a big difference in paying off the unions and lying about paying the money back like gm did. gm still owes over $26 Billion and chrysler still owes over $2 billion. The taxpayer will never see a return on this government "investment".


From the NY Times. Tuesday Jan. 31, 2012:
"The Ford Motor Company, founded in 1903 by Henry Ford, is one of the largest auto makers in the world.

During a time of crisis throughout the auto industry in recent years, Ford emerged as the sole American automaker in a position to survive the steepest sales downturn in decades without a government bailout. That helped the company improve its reputation and win new customers.

Ford passed Toyota as the No. 2 seller in the United States in 2010."

"Ford�s current strength stems from what was a literal bet-the-company decision in 2006 to borrow $23.6 billion, putting even the company�s fabled blue logo up as collateral. That money helped Ford move more quickly than General Motors or Chrysler to bring out new lines of more fuel-efficient vehicles, and, more crucially, provided a cash cushion when the car market tanked along with the economy in late 2008. Ford also shifted its strategy to focus on its core brands and has sold off luxury brands, including Jaguar and Land Rover to the Tata Group of India for $2.3 billion in 2009. In March 2010, Ford reached an agreement to sell its Volvo subsidiary to a Chinese conglomerate."

Further, while Ford BORROWED money, it was all paid back. With interest. In the meantime gm and chrysler also borrowed money AND took bailout cash. We all know how that repayment went.

Another research article.
"Fellow Ford spokeswoman Christin Baker this week pointed out that Ford reported its participation in the CPFF in its public SEC filings. She also said Ford participated in the Federal Reserve's Term Asset-Backed Security Loan Facility, noting that "these two programs addressed systematic failure in the credit markets, and that neither program was designed for a particular company, or even a particular industry.

"Ford was a fractional participant in both of these credit programs, and the federal government made healthy returns on all of these limited transactions."

Bottom line? Yes, Ford's credit arm participated in a federal program meant to free up short-term lending at a time when very few investors were spending. It's no secret."

From a bit more research and a different resource.
"automotive lending companies got the most help, and leading the way was Ford Credit, which borrowed $15.9 billion. GMAC, GM�s financing arm which provided auto loans beyond the GM family of vehicles, took $13.9 billion. BMW took $6.2 billion. Chrysler $4.9 billion and Toyota $4.6 billion.

The GM and Chrysler loans were completely separate from those two companies� government-financed bankruptcies. We realize the two transactions are quite different, and this loan was not a bailout. All of this aid (Ford Motor Company) has since been repaid with interest to the government."

The point that was made (and went right over quite a few peoples heads BTW) is that you associated the US auto makers bailout with US made vehicles that were sub-standard to toyota. Following your twisted train of thought, toyota got bailed out because their vehicles are sub-standard to other vehicles.

I could care less that the Japanese goverment bailed toyota out. After all, I didn't support toyota to start with. You can't say the same.

No this isn't mr. goodwrench or some guy in Washington. And your kind of BS gets tiresome. You must be mr. sh#tforbrains, aka the ford guy in MI.

Great reply. It just makes you look even more foolish than you already are. The truth must really hurt. So much for your research smart guy.

Yeah right. GM and Chrysler are bad for staying afloat. Ford also has a lot of taxpayer money but they're golden because you're mr. fordguy. Two huge corporations going under would affect millions of people. Taxpayers who wouldn't be paying, consumers who wouldn't be consuming. But don't buy from either company because they did what they had to do. You stupid jerkoff.

Okay, lets do it your way. Tell me why Toyota has managed to sell so many vehicles in the U.S. in the last few years? Tell me why the Tacoma sells so well and the Ranger is all but dead? Why does the Camry sell so well. Why do folks want to buy a Prius? Why do the 4-Runners sell as well as they do?

And please, lets not go to the "People are stupid and don't know any better". There has to be a reason. What is it?

To the original person who started this thread I apologize for getting so far off topic. It was not my intention to derail it as bad as has happened.

There is no sense in carrying on this one sided discussion with these two rocket scientists anymore. I learned a long time ago that you can't fix stupid.

I agree as it is obvious you've failed to fix yourself.

Expat

What have the U.S. taxpayers shelled out to protect the Japanese home islands for the past 67 years? I'm guessing it is in the trillions of dollars. The money the Japanese government should have spent on their own defense instead was used to prop up their industry so they could wage economic imperialism against United States industry.

Why was that answer so predictable?

Walt

I won't argue that point at all with you, you are right on the money. They should never have been given so much help to rebuild after being the one to start the war.

However you can't take away the fact they learned to build quality products regardless of what it was. Early Japanese products I remember were largely junk but they got better at the U.S. expense. I would have never guessed so many brands that were always made in the U.S. would be made elsewhere including Japan.

Yep. Now I'm pretty sure he has a Ram and mentioned getting a new one.

I've had great luck with my '07 Ram, not a problem to date. I've owned GM, Ford, Jeep's too. Had the most serious issues with my Fords. A few issues here and there on the others but nothing major.

Never owned a Toyota so I can't speak on their behalf. Drive as many different truck and models as you can and go with the one you're most comfortable with.

Good luck NYH1.

The third, and final, stooge arrives. Is it Larry, Curley or Moe? No disrepect meant to the original 3 Stooges. ExpatFromOK is also known as mr. ASSume.

walt501, EXCELLENT post. However, don't confuse the apologists with too many facts. Their panties get bunched up if you do.

With a little google research you'll find that Ford does get money from .gov. I do beleive it was paid back though.

That's pretty chickenshitt. You can't answer with facts so you ignore it...Nice.

Should be no surprise. The guy's proud of his own stupidity. Been throwing his ugly crap at others for quite awhile and chickenschitts out when it comes back on him......he's a pussy. Doesn't matter if he blocks people, he'll be sneaking looks to see what they've said.