Ford - we don't need a bailout

President Bush's remarks about the auto industry in his Wednesday WSJ interview generated a lot of comments, not the least of which was Ford's reaction. The company released a statement a day afterwards, making it clear that, "At Ford, that couldn’t be further from our minds. We plan to compete and win by driving American innovation and building cars that consumers want."

Joining in the chorus of government voices who have suddenly found interest in this country's largest manufacturing segment, Treasury Secretary John Snow tossed in his $0.02 and stated that the domestic auto manufacturers must respond to global markets and cut costs. Gee, thanks for the insight - I'm sure the OEMs will get right on that.