FORD Wimps Out Again, Pulls Anti-Bailout Ad After White House Intimidation
And Daniel Howes for The Detroit News sums it up this way, here:
And Daniel Howes for The Detroit News sums it up this way, here:
Ford supported the bailouts before Congress, in public statements and still does today, despite the recurring snarkiness you hear around its offices in Dearborn that it "didn't take the money."
No, it didn't. But Ford did seek a line of credit from the feds, borrowed billions under a government program to "retool" its plants and effectively failed first. That's why it recruited a superstar CEO from Boeing Co. and gave him some $23 billion in borrowed money to save the Blue Oval from bankruptcy.
Or it would have taken the money, too.
