sch911 wrote: I watched it. But I live it every day and it's great so far. Go Sergio!
X2
I did like his "No Comment" response to the question about the republicans
Don
Perrysburg Dodgeboy 2004 Dodge Ram 2500 Quad Cab SLT Cummins HO
2005 Keystone Cougar 304 BHS
Chrysler the only one to pay back 100% of their loans from the Government. *The Old Car Company" still owes 1.6 billion. Is that better Chuckles
tkcrawford wrote: And it was mentioned a couple of times that Chrysler has paid back the loans it received - with interest. Shades of the 70's when it paid back those loans ahead of time, too. Again it proves that it's the little company that could. Go Chrysler!
That's not entirely correct. Our chosen leader decided to forgive several billion dollars in loans to Chrysler. Gotta keep those unions happy.
Should we talk about the Trillions the Bush Admin GAVE to the banks and Brokerage Houses and how much of that has not been repaid nor ever will? Yep Ricky Baby got to keep those Rich non union bankers and stock brokers that put this Country into a near depression don't you!
tkcrawford wrote: And it was mentioned a couple of times that Chrysler has paid back the loans it received - with interest. Shades of the 70's when it paid back those loans ahead of time, too. Again it proves that it's the little company that could. Go Chrysler!
That's not entirely correct. Our chosen leader decided to forgive several billion dollars in loans to Chrysler. Gotta keep those unions happy.
Chrysler was loaned 12.5 billion and repaid 10.9 billion.
"Taxpayer beware: You have to read the fine print to know what the president means when he says Chrysler has paid back "every dime" of loans it received "during my watch." The company got $12.5 billion in bailout funds under the Bush and Obama administrations, but — despite what the president said — isn't expected to pay about $1.3 billion of it.
President Barack Obama visited a Chrysler plant in Toledo, Ohio, on June 3 to discuss the recent announcement that the Chrysler Group LLC repaid $5.1 billion in outstanding loans. That brought the total repayment, as of May 24, to $10.6 billion — about $1.9 billion less than the $12.5 billion the company borrowed under the Troubled Asset Relief Program, or TARP.
In his speech, the president said:
Obama, June 3: And today, I’m proud to announce the government has been completely repaid for the investments we made under my watch by Chrysler because of the outstanding work that you guys did. Because of you. Chrysler has repaid every dime and more of what it owes the American taxpayer from the investment we made during my watch. And by the way, you guys repaid it six years ahead of schedule.
Notice the president — sounding very much like a used-car salesman — used the phrases "during my watch" and "under my watch" when describing the TARP loans as being "completely repaid." That's because Chrysler received $4 billion on Jan. 2, 2009, (18 days before Obama took office) and $8.5 billion on April 30 (when Obama was president), according to this Government Accountability Office report (page 9) on TARP." SOURCE - June 6, 2011
How about GM?
"Technically, GM has already paid us back. But...
Under the terms of the loans made to GM under the Troubled Asset Relief Program during the financial crisis -- just under $50 billion worth in total -- GM was to pay part of the balance back in cash, and part with GM stock.
That has been done. GM had until 2015 to pay back the cash, but former CEO Ed Whitacre chose to do it early: The last payment, about $4.8 billion, was made two years ago. Meanwhile, the government was given a 60.8% equity stake in post-bailout GM. Officially speaking, that action settles the debt.
Here's the problem: The cash plus the stock hasn't (yet) added up to the $49.5 billion lent. So far, according to GM, about $23.1 billion has been "repaid or returned to the U.S. Treasury":
- $6.7 billion in cash, the last of which was that payment made in April of 2010
- $13 billion via GM's IPO, when the government sold about 45% of its stock holdings
- $2.1 billion, when GM bought back some preferred stock from the Treasury in late 2010.
About $800 million in interest and dividends on the loans and preferred stock.
That still leaves over $25 billion to be "repaid." But the government still holds 500 million shares of GM common stock, a 32% stake in the auto giant. At $25 a share, roughly where GM has been trading recently, that's $12.5 billion -- a bit less than half of what is needed to square accounts.
That's a problem." SOURCE - March 22, 2012
How about Ford?
"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.
In other words, Ford was for government bailouts before it was against them.
Although Ford did not need money from the $80 billion bailout program, Ford did receive $5.9 billion in government loans in 2009 to retool its manufacturing plants to produce more fuel-efficient cars, and the company lobbied for and benefited from the cash-for-clunkers program — contrary to the ad’s testimonial that Ford is “standing on their own.”
...
Ford did not receive any money under AIFP, but that doesn’t mean it didn’t get any federal assistance.
In a Jan. 30, 2009, report on the bailout program, the Congressional Research Service noted that Ford “is counting on $5 billion from the DOE loan program to support a $14 billion plan to reorient its lineup toward more fuel-efficient vehicles.” On June 23, 2009, the Department of Energy announced it would provide $5.9 billion to Ford “to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce 13 more fuel efficient models.”
Perrysburg Dodgeboy wrote: Should we talk about the Trillions the Bush Admin GAVE to the banks and Brokerage Houses and how much of that has not been repaid nor ever will? Yep Ricky Baby got to keep those Rich non union bankers and stock brokers that put this Country into a near depression don't you!
Don
Sorry, I missed the news articles about Bush GIVING away trillions. Would you mind posting a link?
dubdub07 wrote: I have done my part in donating to Chrysler. 17 in the last 14 years! Go Chrysler!
Gee, I think I'd be more impressed with 1 in the past 14 years
Averaging less than a year per vehicle doesn't bode well, does it
That's what I was thinking. Mine is 10 years old, and I'm still not ready to trade it for a new one.
So, crazy how people make up their minds without knowing the facts. The simple truth is, I certainly wouldn't brag about 17 lemons. All of them have performed well. I stated before, I have had 4-6 at home at one time. I own four today. I have 6 kids and 4 drive.....so I have had to own a lot of cars. Funny how we try and read something into nothing. I loved my Chryslers.......all of them.
2012 Montana High Country 333DB
*NEW* 2012 Dodge 3500MEGA 6.7 CTD, 2012 Jeep JK Rubicon, 2012 Durango Citadel, 2010 Harley Heritage Softail....American STEEL = American profits.
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