Comments on: Truth About the Big 3 Bailout http://www.outsidethebeltway.com/archives/truth_about_the_big_3_bailout/ Online Journal of Politics and Foreign Affairs Sun, 21 Mar 2010 03:20:13 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Floyd http://www.outsidethebeltway.com/archives/truth_about_the_big_3_bailout/comment-page-1/#comment-534352 Floyd Wed, 10 Dec 2008 16:23:29 +0000 http://www.outsidethebeltway.com/?p=28555#comment-534352 The problem with the "comic AD" is more than one false premise. 1] He picked Ford for the scapegoat, when it's cars match build quality with any manufacturer in the world, and deliver more miles for fewer dollars than anyone else. 2] Ford has not requested any public money.They have only requested a line of credit, to be used in the event of a further catastrophic down turn in the economy.This line of credit is only in response to an immediate and larger cash outlay to it's competition. 3]The vehicle pictured is an obsolete model,long out of production. 4] Yes, there is a difference between a line of credit and a "bail-out" or even a loan. I have carried a "line of credit" on my house for years and will continue to do so, in spite of the hope that I will never need it. So, I foolishly pay a small fee for "no loan" every year. IMHO,that is evidence of prudence not incompetence. The problem with the "comic AD" is more than one false premise.
1] He picked Ford for the scapegoat, when it's cars match build quality with any manufacturer in the world, and deliver more miles for fewer dollars than anyone else.
2] Ford has not requested any public money.They have only requested a line of credit, to be used in the event of a further catastrophic down turn in the economy.This line of credit is only in response to an immediate and larger cash outlay to it's competition.
3]The vehicle pictured is an obsolete model,long out of production.
4] Yes, there is a difference between a line of credit and a "bail-out" or even a loan.
I have carried a "line of credit" on my house for years and will continue to do so, in spite of the hope that I will never need it.
So, I foolishly pay a small fee for "no loan" every year. IMHO,that is evidence of prudence not incompetence.

]]> By: Sister Toldjah http://www.outsidethebeltway.com/archives/truth_about_the_big_3_bailout/comment-page-1/#comment-534332 Sister Toldjah Wed, 10 Dec 2008 15:13:19 +0000 http://www.outsidethebeltway.com/?p=28555#comment-534332 <strong>AP: Deal reached on auto bailout - “in principle”...</strong> Outside of the continuing wave of Blago news, this is the big story. This parody ad (h/t: James Joyner) of the Big 3 pretty much sums up my thoughts on the whole pathetic, preventable story. ...... AP: Deal reached on auto bailout - “in principle”...

Outside of the continuing wave of Blago news, this is the big story.
This parody ad (h/t: James Joyner) of the Big 3 pretty much sums up my thoughts on the whole pathetic, preventable story.
......

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