Ford alive because of bailouts? (OneNewsNow.com): "The Ford Motor Company continues to prove that government bailout money is not needed to succeed in these hard economic times. Last week, it reported second-quarter earnings of $2.6 billion dollars -- its fifth straight quarterly profit.
By the end of 2011, Ford expects to move from an automotive net debt position to a net cash flow. That projected turnaround comes without government bailout monies that rivals GM and Chrysler chose to accept.
James Gattuso (Heritage Foundation)James Gattuso, senior fellow of regulatory policy at The Heritage Foundation warns, however, not to overinflate what quarterly reports might mean.
'We should be careful not to read too much into the quarter-by-quarter results,' he cautions. 'If GM does well, that doesn't necessarily mean that the subsidies were a success; and if it does badly, it doesn't necessarily mean that they will continue to go badly. I think that the experience with GM, though, has still shown the dangers of political intervention in the marketplace.'
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