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Yesterday,
I wrote about how Bill Ford, CEO of Ford Motor, was
appealing to the American people to stand behind the
American auto industry.
Well, he also appealed to the government to help the
American auto industry again become innovative, urging
Congress "to offer a package of tax incentives to
make the country less dependent on foreign oil and to
drive innovation in the struggling domestic auto
industry," according to the LATimes.
Citing hybrid
cars and ethanol, Mr. Ford stated, "If we put our
heads together and keep in mind our shared interest in
America's future, I'm confident that we can innovate our
way toward the right solutions."
While I agree that the government should help, it is very
disappointing that Ford and GM didn't take more proactive
action a decade or two ago. Yes, we probably should help
bail them out through quality tax-incentives, but these
auto companies and their executives owe a lot to the
American people. Instead of leading America, their lack of
innovation has lead to the firing 10's of thousands of
people, helped imperil the Nation's pension system, and
now they are asking for more handouts.
We gave them a billion just a decade ago to produce an
American Prius,
and they accomplished almost nothing. What a shame.
This time, there can be no more excuses.
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