Private Sector...1
Big Gov't...........0
Ford gave O baaa ma the finger and it paid off.....big time!
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Ford surprises with $1B profit; sees profit in '11
- November 02, 2009 13:37:42
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- +12 raves
- DEARBORN, Mich. – Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011....
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Ford knew, even if General Motors didn't, that the unions were strangling the American auto industry. This was not a private sector vs. big government issue. This was due to Bill Ford and his Executive Board. Bill Ford was the Executive Chairman of the Board of Directors of Ford Motor Company until 2006.]
He recognized that the unions and the US government were the best thing that ever happened to the Japanese auto industry. He also realized that the unions were going to destroy the American auto manufacturers.
The most deadly liability was the pension funds.
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well thats a big FK YOU!!! to government run motors!!
Go ford!!
Who oversees the Government when these types of UnConstitutional advantages are provided. Congress? You have got to be kidding, they sat idly by while Deese sold Hummer to the Chinese for a whopping $150 Million.
Anyone who took bailout money will fail. Anyone who decided to reclaim their place in the market unfettered by government regulation will succeed.