By Leftlane Staff
Thursday, Jan 26th, 2006 @ 12:23 pm

U.S. President Bush shot down speculation that the administration might be thinking about providing GM or Ford with a financial bailout. “I think it’s very important for the market to function,” he said in an interview in the Thursday edition of the Wall Street Journal. He said companies need to manufacture “a product that’s relevant” to today’s consumers. He also talked about alternative fuels and decreasing dependency on oil. “As these automobile manufacturers compete for market share and use technology to try to get consumers to buy their product, they also will be helping America become less dependent on foreign sources of oil,” Mr. Bush said.

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