Thursday, August 05, 2010

Ford Gets It's Bailout

Now comes Ford to the taxpayer for loan guarantees. The US auto industry died last year but is staggering around like a zombie unwilling to crawl in it's grave. Toyota outsells GM in the US and is the world's largest auto manufacturer. In many markets, including the city where I work, new Toyotas outnumber the former Big Three's new cars on the road by 10 to 1.

On the campaign trail Obama told the Marxist faithful:

"Don't bet against the American worker. Don't loose faith in the American people. Don't loose faith in American industry. We are coming back,"

Buying union votes with taxpayer subsidies to keep dead companies out of the grave is not a business plan. This has nothing to do with faith in american workers or people. It has to do with the lack of faith in the leadership of this country and the utter destruction of american industry for short term economic and power gains.

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