In a set of reports today, it became apparent that GM and Chrysler were not keeping up with Ford… at all.
Both Chrysler and GM borrowed billions from tax payers thanks to the current administration. We were even told that a great return on our investment would be forthcoming. Not so. Instead, the companies that have received taxpayer dollars are seeing a 41%+decrease in car sales while Ford, who asked for and received nothing, only saw a minuscule 5% reduction.
The government has broken social security, medicare, medicaid, screwed up the public school system, and not taken care of our broken infrastructure. At what point did we believe that they could run a car company (let alone two)?
Imagine where we’ll be once the government owns health care…. just imagine.