The Spectacle Blog

Bailout? I Don’t Think So

By on 1.26.06 | 7:30AM

President Bush gave an interview (sub. req'd) to Wall Street Journal reporters Tuesday. He offered his advice for GM and Ford:

In terms of competitiveness, we live in a world in which a Ford or GM has got to compete with other manufacturers that are able to deal with costs in a different way than they are, as well as coming up with product that is relevant.

I'm thinking no bailout. So is W:

I think it's very important for the market to function. And I haven't been asked by any automobile manufacturer for a bailout, if that's what you're asking.

Let the market work. Build good vehicles and compete. Great idea!

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