The Mudcat Café TM
Thread #143378   Message #3311865
Posted By: Jack the Sailor
22-Feb-12 - 01:58 PM
Thread Name: BS: Obama's Truth Team (join me!)
Subject: RE: BS: Obama's Truth Team (join me!)
The ignorance of Canadian members of this forum about the auto bailout is astounding.

For one thing Chrysler 300's are made in Canada.
For another, last figures I saw, the US government will make money on GM and nearly break even on Chrysler, so rather than sending market share to Asia and Europe what would be the benefit of allowing them to go down.

Ford actually asked for the other two to be bailed out because they share critical parts suppliers with the other two. Allowing GM and Chrysler to go under would probably have taken an otherwise healthy Ford along that same path.

A million jobs were saved in the US and Canada. A million.

The cost of new cars went down.

Cash for clunkers stimulated the economy when it needed it most and got a lot of gas guzzlers and polluting cars off of the road.

The auto bailout was a very good thing. If you don't believe that you are either ignorant or unaffected by economics. Certainly your interests differ from mine to the point that I would have to classify you as a political opponent, if not enemy.

In this case my political interest is the healthiest possible North American economy and tax base and the cheapest, best built cars.