Ford Motor Co. announced a $14.6 billion loss for 2008, but the company is resisting federal aid, planning to cut jobs in the credit sector and use a line of credit. Ford told The Detriot News it will “draw down its $14.1 billion credit revolver.” The paper says Ford decided to put that money on its own books now because of the "uncertainty" in the financial markets.
Remember when Vice-President Joe Biden (D-Del.) said paying taxes is patriotic? That was quite possibly one of the most shameful statements I’ve ever heard a politician utter. What Biden should’ve said—or at the least should be saying now: buy a Ford.