You love conflating unrelated issues
Doodoo wrote: ↑
March 21, 2019, 8:28 am
The Automotive Industry Financing Program — which was created under the Troubled Asset Relief Program — provided $79.69 billion to GM, GMAC and Chrysler. So far, they have paid back a little more than half of the money, or about $40 billion, according to Treasury’s daily report for Sept. 16 on TARP funds.
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.”
In a business plan submitted to Congress in December 2008, Ford touted its $14 billion plan for fuel-efficient cars as a key part of its effort to turn the company around — noting that a big piece of the funding was coming from the DOE. The company’s business plan also urged Congress to pass legislation to provide “incentives for consumers to trade in older vehicles and move to more fuel-efficient vehicles.” About six months later — on June 24, 2009 — President Obama signed the Consumer Assistance to Recycle and Save Act that became known as the cash-for-clunkers program. A Department of Transportation report (table 10) said more than 90,000 Fords were purchased under the cash-for-clunkers program — second only to Toyota — as of December 2009.
So Ford did receive aid in 2009 CASH FOR CLUNKERS (FORD) Great name for a program
Have a look at the outstanding issues with FORD (Fix or Repair Daily)
19 Glaring Problems With Ford Pickups Everyone Just Ignores
by Natasha Brown – on Sep 14, 2018 in Car Culture
. And yes, I know YOU DON'T CARE.
It's important to readers that factual information is provided to fill in the gaps in your purposeful misrepresentation of events to necessarily cast them all as negative.
The Department of Energy program was a LOAN. Ford was not begging for a bailout (GM and Chrysler). Loans and bailouts are quite different. The DoE and other agencies offer loans and grants to the private sector in order to help them comply with new congressional statutes and fuel efficiency standards.
Cash for Clunkers was a failed Obama program that rewarded consumers in auto purchases of a new auto of THE CONSUMER'S CHOICE. Those Fords that were purchased were chosen by consumers, not funneled to Ford by the government.
Despite any negatives, which accompany many different makes and models of automobiles all over the world, Ford is still the #1 US auto maker in the United States.
It should also be pointed out that in the bailout of banks by GWB/Obama globalists, even healthy banks were forced to take bailout money by Obama. You see, healthy banks would have an unfair advantage over unhealthy ones, so it was important to hide that fact from consumers. Yeah, let's hide it. Once again, the Obama War on Success and Achievement.