Matthew 10:34Think not that I am come to send peace on earth: I came not to send peace, but a sword.
Ford and Japanese automakers would probably take over the business that GM and Chrysler would lose them.
Reid is telling his gullible puppets a blatant lie for a chance at reelection. Ford motor and credit were never in trouble and was only going to take money in the chance that they needed it as a last resort. Also, the auto industry would have benefited greatly from GM and Chrysler folding.
Failure is made possible by liberty.
This is a truly sad statement.We have always bailed out the auto industry and there is little to suggest anyone would have done anything different today.
That said, GM is still fracked up and Chrysler even more so. GM should spin off its North American branch and focus on where it makes money: every where else.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)