George W. Bush in A Governor`s Story, by Jennifer Granholm


On Corporations: 2006: Automakers need a product that's relevant

President Bush seemed to disdain any federal role in ensuring the future of one of our country's most far-reaching industries. "I can't make your automakers profitable," Bush had told me during a tour of the United Solar Ovonics facility in Auburn Hills. In January 2006, Bush had been quoted as saying that the automakers simply needed to make "a product that's relevant." Both remarks implied that the Detroit Three fully deserved their economic troubles--and if millions of workers and their families suffered along with the executives, well, that was just too bad.

So now, in the devastation of late 2008, the unimaginable notion that the federal government might stand idly by as the American auto industry crashed and burned seemed all too frighteningly plausible. [However, Bush funded a $17B bailout.]

Source: A Governor's Story, by Jennifer Granholm, p.168 Oct 1, 2005

The above quotations are from A Governor`s Story
The Fight for Jobs and America's Economic Future,
by Jennifer Granholm.
Click here for other excerpts from A Governor`s Story
The Fight for Jobs and America's Economic Future,
by Jennifer Granholm.
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Page last updated: Jun 11, 2014