Ford Begs For Uncle Sam's Bailout Money Then Spits In His Eye

It is immensely troubling to see just how much our elected officials are eager to give money to car companies...or any multinational corporation. They will do tricks for bailouts when the government is offering billions on the table and then take their business elsewhere. That is exactly the path Ford has shown us they've taken by opening up a brand new plant in China today.

From RawStory:

Ford Motor Company started producing its fuel-efficient low-cost Fiesta car at a plant in the eastern Chinese city of Nanjing on Thursday, the company said.

The Changan Ford Mazda Automobile Company will produce the Fiesta for the Chinese market, with the first vehicles expected to go on sale later in the first quarter, the company said in a statement.

Oh well at least this new Fiesta is good for the environment, right? No, wrong. Now I'm sure that Ford had this place in the works for months, long before they got in their corporate jets cars and went to Washington with hats in hand.

Yet their business models have been the same for quite a while and it has been all downhill for decades. Going with gas-guzzling SUVs was a dumb idea. Not creating fuel-efficient cars thirty years ago was a dumb idea. Paying CEOs hundreds of times more money than their workers was a dumb idea. If the American people are willing to save their corporate behinds, they should be doing something for the national economy that is keeping them afloat, not a country that has been experiencing double-digit growth for years and years on end.