Thursday, September 23, 2010
House Republicans Roll Out Their 'Pledge to America'
Led by Minority Leader John Boehner, House Republicans unveil sweeping conservative agenda that calls for reining in federal spending, permanently extending all Bush-era tax cuts, and repealing President Obama's signature health care law. Click link below to view pledge.
Ford's Big Comeback
Mired in debt, battered by the recession, its car lots stocked with vehicles, the Ford Motor Co.'s future seemed so bleak that the auto giant's long-term survivability was at stake.
Yet in 2008, Ford refused to accept the TARP federal bailout money that its rivals GM and Chrysler readily snapped up.
Two years down the road, Ford is humming: it's turning in profits and speeding past still-struggling GM and Chrysler as it produces vehicles consumers are clamoring to own.
The moral of the story: A smart U.S. auto builder can compete against any competitor, even GM, backed by Uncle Sam.
Bailey Comment:
What a shocker, businesses not needing government help? As if the average common sense person didn't already know that.
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