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!
