Charles_Main
AR15 Owner
In a stunning display of this administrations lack of understanding of business. The white house is claiming that even though ford did not take any money, They benefited from the Bail out of Chrysler and GM.
http://www.nytimes.com/2010/08/06/us/politics/06obama.html
Once again Obama does not understand business at all. Ford would have seen much more benefit if one or both of it's competitors were allowed to fail instead of propped up by the government.
I hope people are not falling for this line of BS.
http://www.nytimes.com/2010/08/06/us/politics/06obama.html
White House officials countered that Ford benefited from the industry bailout even though it did not accept aid itself, because the federal money kept a network of suppliers in business. They also pointed to the industrywide boost from the governments cash-for-clunkers program, which used tax credits to encourage consumers to trade in older, more polluting cars for new models last year.
Once again Obama does not understand business at all. Ford would have seen much more benefit if one or both of it's competitors were allowed to fail instead of propped up by the government.
I hope people are not falling for this line of BS.