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Mr. Luddite Mr. Luddite is offline
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First recorded activity by BoatBanter: Aug 2013
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Default Auto industry recovery



"iBoaterer" wrote in message
...

In article ,
says...

This morning MSNBC's "Morning Joe" is celebrating the recovery of
the American auto industry, giving credit to the bailouts and
concessions made by auto industry unions, etc.

Where is the program being broadcast from? A *Ford* assembly
plant.


So? Ford received almost $6 billion from the government and benefited
from the cash for clunkers program.

http://tinyurl.com/8yw3mcu

----------------------------

Ford received a six billion dollar loan from the DOE to scale up
production of fuel efficient cars under a program available to all US
auto makers, economic crisis or not.

GM and Chrysler received emergency federal bailout money to the tune
of over $70 billion. In the case of GM, it's unlikely a good chunk
of it will ever be repaid.