HELP THE USA, BUY A FORD OR LINCOLN-MERCURY AUTO OR TRUCK-DON'T PATRONIZE GM OR CHRYSLER PRODUCTS-EVEN THE PLAYING FIELD
Posted by Sterling Cooper Wednesday, June 3, 2009 at 3:52 PMWe always expected that when an entrepreneur took business risks or started and operated a business, it was his financial risk, or the risk of the stockholders in the business that related to that enterprise.
If the business did well and prospered, it made a return for its stockholders and if it did not, they lost out. It was never the case where WE as taxpayers had to share in the losses.
The auto industry'S BIG THREE USA makers have had their trouble for years, and they struggled with that for years. GM was the worst as it raised capital and borrowed billion and billion over the last few years just to pay into its pension funds and health care plans.
None of the money was used to pay stockholders or to create new products or factories. GM essentially was a pension and health care provider which also assembled some cars and trucks.
The others, FORD and CHRYSLER appeared not much better.
However, now with the government picking and choosing winners and losers by supporting Chrysler and GM into the inevitable black hole that they are heading into, and throwing money solely to support pensions and unsustainable wages at these two floundering giants, we have to, in my opinion, help FORD.
FORD has not asked for a FREE handout from the taxpayers like the other two. The GM and CHRYSLER financial support would have never come from a bank, banks never lend to losers, they wait for them to declare bankruptcy then maybe they provide a highly prioritized and secured loan.
The government not only gave them money they would never have gotten solely to support the health care and pension programs, with a vague promise to "get lean" to "get green" or some such. RIGHT, they did nothing about lowering the ongoing labor cots, they only tanked to the political demands, using taxpayer funds no less.
Now these two losers, Chrysler and GM, will be competing with FORD, using OUR money unfairly bashing FORD. They will also be competing with the many other car manufacturers, by offering unprofitable financing deals, expensive warranties, rebates, cash incentives, etc., attempting to ruin FORD and the others.
In addition, the government supported the crazy idea of forcing dealers to close as some kind of means of getting smaller??? I never understood that one; a crazy idea of closing sales outlets that cost the factories nothing to operate.
If I was running a car manufacturing business, I would want the greatest number of dealers selling my product. But no, now with the government advisers who never made or sold a car in their lives or owned a dealership, it was decided to close thousands of dealerships.
LET'S NOT BUY ANY GM OR CHRYSLER PRODUCTS, AS A PROTEST OF WHAT WE THINK OF THESE DIRTY TACTICS. SIMPLY BOYCOTT THEIR PRODUCTS, DON'T VISIT THEIR SHOWROOMS, DUMP YOUR PRESENT GM OR CHRYSLER PRODUCTS AND GET A FORD..OR MAYBE ANOTHER USA MANUFACTURED CAR LIKE A MERCEDES,NISSAN,TOYOTA OR MITSUBISHI.
There are plenty of cars and trucks to choose from...about 1,000 models at last count, other than those two.
The sooner that these two bloated unprofitable companies close the better, as we can then stop shoveling more money into a really bad "investment."
Now a little history of FORD:
The Ford Motor Company became part of the business world on June 16, 1903. On that day, Henry Ford and 11 other partners filed papers of incorporation at the State Capitol in Lansing Michigan. With only $28,000 in cash assets and an over abundance of faith and hope, Henry Ford and his associates started what has become today, one of the world's largest and most diverse global corporations.
Few other companies are as closely identified with the history of, or the development of America's industrialization, and no other company in America is as well known throughout the world.
At the time of its incorporation, the Ford Motor Company was a small 10 man operation with headquarters in a converted Detroit wagon factory. Today nearly a century later, the Ford Motor Company is the second-largest producer of cars and trucks in the world and is ranked second on the Fortune 500 list of the largest industrial corporations in the United States.
Worldwide, nearly 350,000 dedicated men and women go to work each day at a Ford Motor Company office, laboratory, or manufacturing facility. Ford products are sold globally through a network of approximately 10,500 dealers in 200 countries and territories. The Ford Motor Company also has an annual sales volume that exceed the gross national products of many of the world's other industrialized countries.
In Dearborn, Ford is a household word. Many of the Cities residents work directly for the Ford Motor Company or work for other companies that are located in what is referred to as "The Fairlane Development."
The Ford Motor Land Development Corporation has brought hundreds of new businesses into Dearborn with its 2,360 acre Fairlane Development project. Since 1970 Ford has helped to create thousands of new jobs and has added millions of dollars annually to the City of Dearborn's payroll.
To date, the Ford Motor Land Development Corporation has developed almost 90% of it's available property in Dearborn in a strategy that includes; leasing space, build-to-suit, and land sales.
Fairlane also includes the original farmlands around the birthplace and boyhood home of Henry Ford, as well as portions of Mr. Ford's Fairlane Estate.
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