Ford--Where the Free Market is Job #1
Sunday, May 31, 2009 at 02:51PM
The anti-free-market folks have some explaining to do. Ford Motor company, the only one of the Pathetic Three not in hock to the government, is also the only American car maker actually selling cars and making money. It's stock has tripled in the past two months, (still a huge value at $6/share), it has bumped Toyota out of the number two spot for US auto sales, and the Washington Times reports that it is preparing to issue a 2 billion dollar stock offering.
For you anti-free market folks, that's where a company asks, not for tax payer cash, but investor cash. That's the non-bail out variety. Where political power and lobbyists are of little concern. There are no amendments to save cute rodents, no money set aside to build and then name a school no one needs after some entrenched political hack, nor any provision to finance the Birkenstock rainbow festival of equality and good intentions. It's the kind where free people assume risk with their own money instead of the government robbing them of it first (or printing up a bunch) and spending it on whatever pleases them at the moment.
We actually have a fine example of the latter in GM and Chrysler, both of whom are doing what? Paying off union bosses and filing for bankruptcy. Go team!
We can only hope that American's continue to reward Ford for its persistence, and that Ford, recognizing its new obligation, delivers what they want; quality Trucks, SUV's, and both mid size and smaller sedans (as needed to meet the oppressive federal standards they cannot escape) from a free market platform.
GM and Chrysler can build Obama-mobiles. The UAW is welcome to a share of that. Let's see how far that gets them.
(H/T Washington Times)


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