From the “if Sarah Palin said this it would be Katie Couric’s lead story” file, Harry Reid recently took to the Senate floor to defend the auto industry bailout, and said that without it, Ford would probably be out of business today.

Problem is, Ford didn’t take any bailout money.

From Real Clear Politics:

SEN. HARRY REID (D-NV): “Isn’t it a good thing today in America that we have an automobile manufacturing sector? If it had been up to them [Republicans], General Motors would be gone. If it were up to them, Ford Motor Company would probably be gone. Chrysler definitely would be gone.”

And hopefully in November Harry Reid will be gone.

Update: In comments, somebody suggested that what Reid was saying is that if the government hadn’t bailed out Chrysler and GM, that Ford would have also gone under. Don’t you love how Harry Reid sets the government up as the savior of private industry and that if all businesses can’t survive the natural selection process of the free market, none of them can? “We may someday have to bail out Pepsi in order to save Coca Cola!”

If Ford was indeed about to go under, they would have jumped on the bailout wagon, but they didn’t. Why? Because they didn’t want their hands forever tied by the Obama administration. Ford didn’t get a bailout because A) they didn’t need one, and B) they wanted to stay in business on their own terms. I doubt Ford would be any more concerned that two of their major competitors went under than McDonalds would be if Burger King and Wendy’s went out of business.

More BS from Reid, but it’s too bad that he’s able to take advantage of the apparently woeful economic IQ of so many voters.

Comments

9 Responses to “Does Harry Reid Think the Ford Motor Company Got a Bailout?”

  1. Joseph Parish on July 22nd, 2010 1:25 pm

    There are some people who should remain silent and then they appear more knowledgeable, Harry is certainly one of those people!

  2. Mike S. on July 22nd, 2010 1:50 pm

    Echoing Joseph's sentiment, the well-known line is, "It's better to remain silent and be thought a fool than to open ones mouth and remove all doubt." Harry Reid removed all doubt long ago.

  3. maladroit on July 22nd, 2010 2:06 pm

    Harry's brain was manufactured by Edsel and has spun the ol' odometer one too many times.

  4. OK_Loyalist on July 22nd, 2010 2:59 pm

    Someone want to help me? Who is the bigger idiot, Harry Reid or Robert Gibbs ?

  5. JoeCitizn on July 22nd, 2010 3:11 pm

    Reid is correct. If any of y'all had been paying attention back then, you would remember that there was widespread agreement amongst industry watchers that the collapse of GM and Chrysler would inevitably result in the collapse of the many independent parts suppliers that did more than half their business with those two big companies.

    And if the parts suppliers went under, then Ford would be totally screwed, because they relied on those companies as well.

    This cascading collapse was a major reason for the widespread support for the bailouts.

  6. nannykins on July 22nd, 2010 3:18 pm

    Should have let them go under and let the good old American spirit start a new company to supply who ever needed parts. Do you really think the American people are that stupid? Parts would have been supplied within a week and more than likely without union goons. We don't need government welfare!

  7. Doug on July 22nd, 2010 3:33 pm

    NKs correct, the natural business cycle would have taken care of the problem because the demand for the product would still be there. She's also correct that this had everything to do with unions and nothing to do with jobs.

  8. JPE on July 22nd, 2010 3:55 pm

    What Harry Reid said will make perfect sense to the racists,idiots and propagandists who approve of all things Obama.

  9. Philip Boucher on July 22nd, 2010 2:43 pm

    That's probably why our government is bailing out the rest of the world. If we weren't outsourcing all of those jobs, just imagine how much worse unemployment would be in the US. It's a corollary economic principle from the same book that gave us "borrowing our way out of debt".

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