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.