Can Ford Pull Ahead?

I like how us senators making $160,000+ per year can tell people making $30/hr that they need to take a pay cut.

So sayeth the King (Don, that is), "Only in America!"

JM

Several years ago, when car buyers were crazy about Ford Explorers, Ford earned several billions in profits. So this is the only key to their survival. And I got one for my family also. I thank God, I did. My wife drove the Ford Explorer to work and had a car accident; with God???s blessing, she suffered only a bruised left arm, while the SUV was a total wreck.

As mentioned earlier, our auto industry will only survive if the American people buy American cars. Billions of aid will not bring back our auto industry to profitability without the support of the American people.

Sure, this is free and open market. We have freedom of choice. We can buy the car we want. But there is this eternal law that govern everyone. ???For every action, there is an equal and opposite reaction.??? There is a consequence for every action we make. And this applies to our national economy. Too much importation results to trade deficits, sucking the dollars out of our economy. As a person becomes anemic and weak with the loss of blood in his body, so is the nation???s economy with the loss of dollar reserves due to importation and the loss of business activity and jobs.

But global trading is good, if it is fair and balanced. Other countries can export unlimited cars and other products to America, but will not import so much from us that it will result in trade surplus to them and deficit for us.

But everybody shares the blame for this problem. Our government allows unlimited importation, our businesses love to sell imported products and the people love imported products. Result ??? bankrupt America. And so the only way for America to produce the dollars is to print and print and print more money, resulting in inflation that will cause more damage to our economy.

Our economy is suffering because of the loss of patriotism in our country. As our country is a nation of immigrants, a nation of imported people, Americans love imported products. The immigrants still love their native cultures, their native food and other native products. Japanese cars are popular in their countries; and so when they come here, they buy Japanese cars.

But to restore patriotism, it is by persuasion and not by force. But they must understand that to continue buying foreign goods, will put their country???s economic security in peril. Americans working in other industries should support our auto industry, that, in turn, they may support us when we need them, too.

chrysler is a private entity, nardelie will take the money along with cerebus, 90% owned, and put it back into their pockets before filing for bankrupcy, gm has been giving in to the uaw for years, as well as taking nice fat bonuses for themselves, well, hopefully the game has ended for these two, chrysler is doomed, let it fall, sell off jeep, an amc product, someone will want it, and someone will buy off the van chain as well, ford will struggle for awhile, and perhaps make a comeback, but not without destruction of the union contract, and parts suppliers knowing the cannot make the profits they do if they wish to stay in business

new auto companies coming, we do not need the "garbage 3" anymore

Let Ford buy out GM. Chrysler will survive. And only offer the $9Billion cushion if Ford stops lobbying to slow down technology and energy standards. Seems reasonable. I think if Congress come up with another Bad deal, made under pressure, the public will not respect their backbone.

I just wonder if the bailout to slow down the recession, really does slow down the recession -- and also prolongs the recession.

Can Ford pull ahead?

Let us figure this out. What is at stake now appears to be -- a $14 billion loan from uncertain sources to tie over this difficult period for GM and Chrysler until a final decision in late January 2009. Meantime, Ford prefers to take care of itself till then.

Why not just tell the Big 3 that the cash may not be available at the moment and come back again with a fresh request after the new government takes shape?

In short, when politicians meet corporate CEOs, each has his/her own hidden agenda not to be revealed. As everyone tries to protect their vested interests, would the outcome not be obvious?
(Tan Boon Tee)

My money is, literally, on Ford to pull through and become successful again. I say let the weakest fail, especially since Chrysler has already received a government bailout in the past.

What is also not mentioned is Ford got a lot more concessions from the UAW when they almost went under a few years ago. GM has been the whipping boy for the UAW and govt, now it is like a large horse who has been beaten to a pulp.