Why We Should Not Bail Out Ford

This, my friends, is why Ford should be allowed to go bankrupt.

Ford had the audacity to design $85,000 Jaguar XKs with a cheap telescopic antenna from the Ford Mondeo parts bin. This cost- and corner-cutting BS is symptomatic of the cancer in the company's management. Don't get me wrong. I feel bad about the union workers. Through no fault of their own, they will likely lose health benefits and a big chunk of their pension. But to bail out Ford (and GM and Chrysler) is essentially akin to supporting a loved one's drug habit. It's destructive and no good will come of it in the long run. The Big Three (and other large American companies waiting in line for corporate welfare) have to learn that poor decision making will no longer be tolerated or subsidized. Let those capitalists with their fancy MBAs live what they preach.

End of rant.

CKY