The Media Has Ford All Wrong

Why does it seem the media can't get anything right? Today Ford Motor Company announced it earned $2.6 billion in the second quarter and says it will have more cash than debt by the end of 2011. The media just can't explain how Ford is making a profit in such a deep recession, seeing as how it didn't take any federal emergency aid.

First of all, it is easy to explain why Ford is doing well without government aid. The companies that took aid are now being controlled by Pay Czar Kenneth Feinberg, who just today announced his audit of 17 businesses and will force them to pay back billions in loan from the government.

Second of all, just because Ford didn't take any "federal emergency aid," doesn't mean they didn't receive aid at all. For example, you, the Missouri taxpayer, gave Ford $15 million over the next ten years to keep its Claycomo production line open. Unluckily, Missouri Republican lawmakers wouldn't stand up to block the measure (with the exceptions of Purgason, Goodman, and Bartle, who worked courageously).

So why is it that the media hides these facts? Instead of reporting that the free market is doing better than the businesses that received government aid, they could be reporting that because of the aid received in Missouri, Ford has posted massive gains. It all comes back to one reason: the state-controlled media is even unable to make a point that would support their own agenda.