Ok, another FB "thing" <<----not a *fight* (yet)

[LaydeeBug]

any help would be appreciated, but let me politely acknowledge the "unfriend them" "stop Facebooking" "thank you for your *concern*" and "this is a stupid OP" as the proverbial "R S T L N E" of our Wheel of Fortune Game. Par for the course. If there is anything *else* a lovely DUer could give, I'd be most thankful. I am assembling a late dinner for the Big Dog's speech. Thankyouthankyouthankyou to everyone who knows what it's like to try and reach these people. Here is the post:


Democrats please help me answer this. Last night at the DMC I heard many speakers brag about the auto bail out and how well Dodge specifically is doing. I also saw many signs with the Ford logo. How does this fit? Dodge was given who knows how much money in the bail out and then sold to Fiat an Italian company. So basically Obama since he wants to claim it outsourced an entire auto company. Ford refused to take the bail out and % wise is still doing better. Please let me know how this bailout thing works for us.

[NMDemDist2]

1. first of all, Ford took a huge loan in 2009

check out this Forbes article

http://www.forbes.com/sites/joannmuller/2012/08/29/automakers-report-card-who-still-owes-taxpayers-money-the-answer-might-surprise-you/

[LaydeeBug]

5. oh. beautiful. Thank you for this.

like 'whack a mole', we have to stop the disinformation before they get it out there.

[LaydeeBug]

2. First off, I am pretty sure the bail out started under W...

and I am having a hard time with the syntax of "So basically Obama since he wants to claim it outsourced an entire auto company."

[NYC Liberal]

3. "So basically Obama, since he wants to take credit for it, outsourced an entire auto company"

Also as was mentioned, Ford did get a "bailout" no matter what it was called:

While not characterized as a “bailout” by any means, let’s be honest: Ford’s loan – received at a critical time when other sources of financing weren’t available to automakers or their suppliers – no doubt helped the carmaker survive the industry crisis and contributed to its strong market position today, especially after the Obama Administration finalized tougher fuel economy rules this week.

(From NMDemDist2's link above)

[LaydeeBug]

7. ok, it makes sense now. thank you nt

[bhikkhu]

4. Chrysler was in the worst shape, losing the most money

and it has rebounded extremely well. Four years ago even optimists were concerned that the bailout was throwing money away, at a company that had been mismanaged into deserved extinction, but its back and strong now.

Dodge is a division of Chrysler, which was properly DaimlerChrysler AG between 1998 and 2009. That didn't mean that the corporation was outsourced to Germany. That Fiat has a controlling share in Chrysler now doesn't mean its outsourced to Italy.

[Coexist]

6. wasn't a "bailout" it was LOANS and there's this:

On June 3, 2011, Fiat Bought out the remaining U.S. Treasury’s stake in Chrysler for $500 million increasing its ownership of the automaker to 52%.

So Fiat bought a majority share - and by doing so - paid the Treasury back.

And again - not a BAILOUT - loans - mostly repaid.

[n2doc]

8. How many Chrysler factories moved to Italy?

Ask your 'friend' if they can define outsourcing. Because they don't know what it means. Fiat has moved production here.

[LaydeeBug]

9. he responded...

If you will read page 2 of your own link you will find that Gm has paid back 23.1 of the 49.5 billion it owes. And the treasury is holding 53% of its stock that is currently trading at half of what the treasury needs to recoup its money. It would have done the same thing for them to file bankruptcy than be given this money. Well except the being it's paid to the auto unions.

[Coexist]

10. the article says, "all loans repaid"???

can he not read?

[LaydeeBug]

11. he continues...

Social security. Where do you start. Who cares if it's bankrupt or not. It's a horrible investment. If you live long enough to break even on it your doing good. If you simply meet the leaper average investing the same amount into a simple Roth IRA you double what SS pays out. Let me invest my own money. If I have it when I get old great, if I don't sucks for me. SS is another Govt pyramid schemes.

[LaydeeBug]

12. this is utter bullshit, but I am too enamored with the convention to care, really

is that bad?

[LaydeeBug]

13. when these things happen, I am so glad for DU...

but I suspect, since they go on talking points, or parrot whatever right wing blow hard said, that we might have some "overlapping".

I mean...ss as a ponzi scheme? Jesus....