Thursday, August 05, 2010

The President's Rhetoric at the Chicago Ford Plant

The president spoke today at a Ford plant in Chicago.  He said at about 6 minutes into the clip - "If we build and sacrifice in the short term, it would be a new beginning for a great American industry."   There are two issues I have with the entire speech.  First, if he really believes in "sacrifice" to build something for the future, why would he be so supportive of expanding the long term debt of the country?  Where is the sacrifice for government when he adds a couple of trillion to the debt in the country?   Second, although he is now trying to buy Ford's loyalty by doing the ex-im payments, which American car maker is in better shape - GM with $38 billion in support and still huge losses or Ford which did not take the government support and has had a great couple of quarters?

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