Ford and government help

A Ford Motor Company commercial heralding the company's non-bailout bona fides has generated some Internet and talk-radio buzz in recent days (here, here, and here for example). Rush Limbaugh broadcast the commercial's audio and commented on it on Friday. In the ad, a Ford customer, taking questions from faux reporters, says: I wasn't going to buy another car that was bailed out by our government. I was going to buy from a manufacturer that's standing on their own: win, lose, or draw. That's what America is about is taking the chance to succeed and understanding when you fail that you gotta' pick yourself up and go back to work. Ford is that company for me. But did Ford really stand on its own? Though Ford spurned the form and extent of government assistance accepted by GM and Chrysler, Ford did enter into a $5.9 billion loan arrangement with the same governmental entity that gave a $535 million loan guarantee to now-defunct Solyndra. Also, Ford lobbied Uncle Sam "for assistance to...(Read Full Post)