« | »

Ford, GM To Make Payments For Jobless

It turns out that those Obama supporters who believed he would make their mortgage payments and fill their gas tanks weren’t so wrong after all:

From a giddy Associated Press:

General Motors workers view President Barack Obama’s address in Detroit, Monday, March 30, 2009.

Ford, GM to cover car payments if buyer loses job

By Kimberly S. Johnson, AP Auto Writer

DETROIT – Ford Motor Co. and General Motors Corp. are offering payment protection plans to help reassure consumers who may be putting off buying a new car because of worries about losing their job.

The offers come as auto sales have been battered by the recession and tight credit, reaching their lowest levels in 27 years.

Ford said Tuesday it will cover payments of up to $700 each month for up to a year on any new Ford, Lincoln or Mercury vehicle if consumers lose their jobs. The program runs until June 1.

Hours later, GM said it will make a similar offer. GM’s new CEO, Fritz Henderson, said the company will make up to nine car payments of $500 each for customers who have lost their jobs through no fault of their own.

Customers must qualify for state unemployment to be eligible for the program. The program starts April 1 and runs until April 30…

So General Motors will making people’s car payments using our tax dollars?

Where is the outrage?

Still, we suppose it was inevitable.

If you can get the price of your house knocked down to practically nothing – or literally nothing – with a hard luck story, why not your car?

Transportation is just as much of a right as is housing.

We would say that ACORN should be all over this, but they probably already have been for years.

This article was posted by Steve on Tuesday, March 31st, 2009. Comments are currently closed.

24 Responses to “Ford, GM To Make Payments For Jobless”

  1. proreason says:

    This is no doubt one of the bright ideas from The Moron’s crack team of communists.

    The fight is no longer about taxes. They are well beyond such simple measures as tax confiscatiion in their quest to redistribute your hard-earned income to more deserving recipients.

    • Liberals Demise says:

      Where is the chicken in every pot?
      I can see Ford doing this but…..GM?

      Kinda off base but if AIG had to give back their bonuses (they too had a contract) why not the boob that drove GM into the swamp? What is the difference? A contract is a contract……I’m sorry!! I forgot….they ARE in the middle of taking over a nation!!
      Carry on.

  2. I heard this on WJR when GM was announcing it.. Up to nine consecutive payments. They referenced Ford’s as a 12 month period of coverage and theirs being 24 months. A marketing move, but one that likely DID arrive by special courier from the new “boss” BHO.

  3. Colonel1961 says:

    ‘It’s the end of the world as we know it….’

    This work stuff is starting to bother me and interfere with my golf game. Think I’ll go ‘poor’ and get me all them goodies that come with being a lazy, shiftless, uneducated, amoral, worthless, remora who likes a strong suckle at the wallets of the underrepresented chumps formerly known as taxpayers…

  4. proreason says:

    Rush is sounding the horn on President Obama: “He really believes it his job to return the nation’s wealth to its rightful–quote unquote, rightful owners.”

  5. 12 Gauge Rage says:

    You can only make money out of thin air for so long. And then one day POOF! You go for your daily intake of slothfulness and discover to your horror that the tits’ gone dry. Anyone notice the parallels between this administration and that of Uncle Scar from the movie The Lion King? Uncle Scar promised everything under the heavens to his minions. But years later the Pride Lands were in a shambles, nobody was happy, and there was never enough food to go around. But Uncle Scar was happy because he was king and to him thats all that mattered.

    • TwilightZoned says:

      I can honestly say I do see a great parallel with Lincoln. The Whig party, whom Lincoln strongly believed in, had three major goals: 1) protectionist tariffs (Isn’t O being accused of that now?) 2) a nationalized banking system (Nuff said.), 3) internal improvement subsidies (During Lincoln’s reign it was the railroads. Now it’s going to be the infrastructure.)

      O admires and studied Lincoln extensively. It appears Lincoln threw the Constitution under the bus to try and get what he wanted; total and lasting corrupt control for one party without regard for the people. Unfortunately, history is beginning to repeat itself.

  6. U NO HOO says:

    Fritz is also a business bean counter as Rick was, how can GM survive without a car guy at the top? Oh, yeah, they’ll come out with the “Obama”, like the Lincoln, or would it be the Edsel? Edsel was president of FoMoCo, correct?

    Obviously money or green guys aren’t going to cut the mustard, maybe only the cheese, those stinkers.

  7. U NO HOO says:

    WJR, the only, well one of the few, things I miss about Detroit, JP McCarthy in particular. Yes, I know he has passed.

    Now, on to my blusterinbg. I’m in the process of buying a Ford, can I rertro-actively ask for a further discount, I’m laid off, I fired myself.

    This krap kan’t keep happening.

    We’re all broke.

  8. Grzegorz says:

    Oh, come on, gang! Who doesn’t want a free low-rider?

    • Colonel1961 says:

      Sing it with me: ‘All, my, friends, know the low rider…’

      (try to get that song out of your head for the rest of the day) ;-)

    • dulcimergrl says:

      Thanks, CR1961. That song just replaced “It’s a Small World” in my head.

    • Colonel1961 says:

      Cosmic revenge, DG: I was at happy hour this afternoon and that song came on the stereo… What are the odds?

  9. caligirl9 says:

    Anyone care to bet these “payments” will be made by some sort of insurance policy, bought by the automakers by either: (1) funds handed to them by TCO and Co., or (2) purchased indirectly by buyers in the form of higher prices?

    NO WAY they are doing this because they are “nice people.”

    • MinnesotaRush says:

      You hit it right on the head Cali .. these are just a spin/sort of the credit/financial quarantee packages that can be bought for all kinds of things. Volkswagon actually did this back in the early 90’s as I recall. If you bought a new VW and got laid off, your payment was made for a brief period.

      Now lets hope AIG is not the underwriting company!!! :-)

  10. Howard Roark says:

    The amount of fear in our free market leaders is very disturbing. In just 60 days, this administration has crippled the titans of industry. Would any of you have predicted that Ford and GM would pay your car payments before this Trotskyite was elected?

    When 911 hit, and the economy was similarly affected, the big three started their 0 interest programs as a measure to stave off the lack of sales. It was only supposed to be on select models, and only for a brief window of time until the economy rebounded. I remember then thinking how desperate these merchants appeared to be.

    In retrospect, that was nothing compared to what they are doing now. These entities aren’t “companies” anymore. They are welfare agents, plain and simple.

    Goodbye, America, as we have always known it.

  11. wardmama4 says:

    Ok I think it was Honda that started this ball rolling – 3 months for them – if I remember. Ford I think signed on just as an added incentive to buy their cars (remember they did not take the bailout, yet) and GM is in the midst of a government takeover. Yes, if you listen to the ad carefully, it is a ‘policy’ – my guess is you pay for it upfront – just what one needs more added $$$$ to an already high price item.

    I just love it with psychotics running the show – scream most of the primary season – all of the general election campaign season and during the tranisition how damn bad the economy is – so everyone decides to hold the hand they have (those that can afford it) – thus making the economy actually rotten and now oh, my what are we to do?!?!

    If I had my way – they’d be shot at sunrise – don’t ask who – because it encompasses a load of people much beyond the Klownposse in DC.

  12. U NO HOO says:

    Will “we” tax the car payments 90%?

    Will payments be made only for union members?

    Will taxes have to be up to date?

    Just aksing.

  13. VMAN says:

    I think I’ll get a Lincoln or maybe a Cat-O Lac. At least I can drive it around for a few months and pay nothing.

    • GL0120 says:

      You hit the nail squarely on the head!
      What is to stop someone from buying a car they can’t afford, then having the company make several payments before letting it get repo’ed?
      This sounds like a great lease, up to $500 / month courtesy of those who work for a living.

    • proreason says:

      “This sounds like a great lease, up to $500 / month courtesy of those who work for a living.”

      Kind of like every other type of welfare, isn’t it?

      Who’s to say whether the person is really in need or just a scammer?

      What are the estimates of corruption in welfare programs? 30-40%? probably a low estimate.

  14. curvyred says:

    Hyundai is making a similar offer – albeit not quite as generous = three months of payments and if still no work yoo can return it without a ding to your credit.

  15. woodmanthered says:

    I don’t like the sound of this . Who is really going to get this help with our tax dollars. None of my friends or I can even get credit to buy a used car or truck. To much use of tax dollars. The only folks who are going to get this help are the people who really don’t need it. Just another slick trick. Ya’ll have a great day

  16. Confucius says:

    Say, didn’t we do this before–ie. giving deadbeats something they can’t afford?

    Can’t say I liked it the first time.

« Front Page | To Top
« | »