Home > posts > Shock Claim: Ford Motors Makes Profit Without Bailout Money!
January 28th, 2010 8:04 pm
Shock Claim: Ford Motors Makes Profit Without Bailout Money!

Well, this is interesting.  Apparently, Ford Motor Company shocked Wall Street by announcing it made a profit last quarter, and expects to carry that good news over the entire 2010 year.  But how can this be?  Ford was the only U.S. automaker that didn’t accept a government bailout.  In fact, the measures Ford took to regain its profitability look like a blueprint for government owned General Motors and Chrysler: cost cutting, a nearly $700 million profit in its credit line of business, and sales of popular models like the Ford Fusion and Escape.

Here’s a thought: since the president doesn’t want to run car companies, why not hire some of the talent (or at least adopt some of the strategies) that got Ford back on the road to sustainability?  That way, he could un-nationalize General Motors and Chrysler, putting more money back into the economy, spurring job creation and more tax receipts to fund all his pet projects?  You know; the stuff he really does want to do like health care “reform,” cap and tax, and more stimulus packages.

Of course, that kind of policy would only make sense if Progressives like the president actually cared about creating a sustainable create-tax-and-spend model to support their statist policies.  Anybody want to start a pool wagering how long it will be before the White House starts attacking the “fat cats” at Ford for their non-government-funded prosperity?

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