Obama's Auto Bailouts Paid Off: Ford reported earnings of $1.7 billion in the third quarter, and now expects to have zero net debt by the end of the calendar year -- a year ahead of schedule. Despite the still-sluggish economy, Ford's third quarter was the best in more than 20 years.And how 'bout that disastrous stimulus and that Socialist TARP initiative that's plunging us into debt?
Guess what? Stimulus - and TARP - worked: Here's the long and short of it on stimulus: Judging from available evidence, it worked or is working. So, too, did the equally detested TARP, the Troubled Asset Relief Program generally shorthanded to "bank bailout" out on the campaign trail and elsewhere.
Oh, I'm sorry. I forgot conservative voters are simple, homely folk who don't give a sh*t about truth or reality... carry on.
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Herb, Ford accepted no "bail-out" money or gov't assistance. They have simply continued to build good practical, economical, high quality vehicles.
ReplyDeleteGM and Chrysler are another story and neither is doing too well. GM seems to be recovering, but their stock holders were paid off with pennies on their dollar. I have a friend who worked for them his whole life, had accumulated a very nice 6 figure nest egg and pretty much lost it all.
That being said, the economic recovery program has worked well. Had it not been for it, we would be in a very bad mess right now. If the right wingers get in again, we'll be fucked as right now our economy is a fragile thing.