Reply to "The Bailout..."

Ford is a diversified global corporation; it manufactures all sorts of things, including satellites, and has divisions and manufacturing plants scattered around the world. Only one division of Ford is asking for bail out money, the division that manufactures automobiles for North America. If it were to fail tomorrow (and for the sake of the employees and their jobs I hope it doesn't) it would not mean the end of Ford. So in Ford's situation, the bail-out decision boils down to this: should the American government step in and bail-out this division of Ford for the sake of the American jobs it represents, should the parent corporation be called upon to bail them out, or should the parent corporation be free to let this division shut down if can't operate profitably.

I see all 3 sides of the argument, but in the end what's important to me is that the division is bailed out and the jobs & lives of its employees are preserved. I think that's what would have been important to Henry, he was a man with compassion for the common man.

If it were my corporation, and I was able to convince the US government to spend the money to bail-out this division instead of bailing it out with my own money, I would certainly do my best to convince the government to do so. Its good business to take advantage of every opportunity possible, and maximise the stock holder's profits.

eh?

cowboy from hell