Hmmm, I thought I heard the auto bailout was a big failure of socialist economic practices.
After all didn't someone write an opinion piece titled, Let Detroit Go Bankrupt and in Feb of this year defend that statement, Romney Defends Opposition to Auto Industry Bailout?Bittersweet news for union families as automakers keep plants open to meet surging demand
It seems that the automotive production world is either feast or famine. Right now it is feast. Like all heavy industries the automotive manufacturing plants schedule shut-downs to do maintenance. Both Ford and also Chrysler have announced that their plants in the US will remain open this summer for all or part of the scheduled shut down. Demand is so strong right now they cannot afford to miss out on the possible savings due to product shortages. Jim Tetreault , vice president of North America Manufacturing for Ford captures the mood well in this statement posted by Ford. “We are working most of our North America plants at maximum capacity and we are adding production shifts in three of our assembly plants this month alone. Requiring more capacity from our plants is a good problem to have and having the flexibility to add a week of production in our plants goes a long way toward solving it.”
Couldn't possibly be the same guy who just yesterday was saying, "I'll take credit for the bailout", could it?