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Ford CEO Alan Mulally on the automaker’s decision not to take a government bailout.
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-- then you would think reading those emails my next guest would feel really good about -- we never even consider develop from Uncle Sam.
Ford Motor Co.
CEO Alan Mulally did.
And now does.
Just fine without one.
Looking ahead GM was wants to get out from under the government's on reminds you.
-- it was.
Not to get bailed out and to resist -- that the government takeover as you did needed needed.
But but now looking back for you -- -- Absolutely and you know I remember -- -- -- got it right at that time and that was when the big decisions we've ever made and clearly the United States -- -- very very tough situation at that time.
Minority you -- for -- those others -- additional.
-- -- lastly remember we actually.
Testified on behalf of temporary help for GM and Chrysler.
Because we need we have concluded just like two administrations and achievement Kyser.
Who completely bankrupt went into free fall.
They could take now on the industry and the US economy from -- recession into a depression and so but you don't you would have survived that are.
Toyota -- plants hero Honda with plant here that all of -- would have been in real trouble and so -- really the reason we did it was.
That.
McDonald -- history's nearly 1215% of US GDP we couldn't really.
Contribute to your school from we sort of rescue was a good -- I think it was -- it was the right thing to do at the time but to your point.
I am just so pleased that we did not access one dollar taxpayer money because we clearly were on a plan to create a viable for the way before that recession -- There does seem to be a bigger macro picture its of this -- and that is.
You know big government monopoly government maybe that was a case of justified -- government then to help out your competitors.
Many say it's gone too far sense.
And that we we've we've built a slippery slope.
What do you make of that that the government is too unwieldy bailing out everybody rescuing everybody and everybody wait and hand out.
Well I didn't.
-- commanded a different way which.
I think you're referring to and that is that business and economic development is absolutely the foundation of this country.
And our case in manufacturing.
It is so important has nearly 70% of all the research and develop the United States is associated manufacturing with the -- him.
And so.
Our thought is that everything everything on the business environment ought to be looked at through the -- is it helping create an environment where business can profitably grow.
And it.
Led by the private sector because that is the essence -- -- -- job creation going forward I don't know it always good seeing good to see you.
