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ERIC BOLLING: Hey, Mr. President, What About Ford?

By Eric BollingCo-Host, "Happy Hour," FOX Business Network/Host, "The Strategy Room,", "Street Meat" blogDrastic times call for drastic measures. With billions of TARP dollars being tossed to GM, interim CEO Fritz Henderson today said that they need to change big and change fast. My guess is that they will cut brands and "lines" (models within the brand). I would recommend that they keep Cadillac and Chevrolet and let the rest go to the junkyard in the sky. Bye, see ya later, alligator, sayonara... You cannot compete with so many different makes and models. The bailed-out auto maker should focus its marketing dollars and design talent toward the two relatively successful brands already within GM domestic. Chrysler is majority owned by Cerberus Capital, a hedge fund. It still infuriates me that a hedge fund is the ultimate beneficiary of my tax dollars. Cerberus, for those who have forgotten, bought Chrysler in a move of financial bravado. They overpaid massively, but justified it by claiming Chrysler was an American brand that would thrive. Thrive it did not -- and now our tax dollars are bailing out a hedge-fund bet gone bad. To read Eric Bolling's entire post on "Street Meat" click here.

Eric Bolling currently serves as co-host of Fox News Channel's "The Five" (weekdays 5-6PM/ET). He also serves as the host of "Cashin' In" (Saturdays 11:30AM-12PM/ET), an analysis program on FNC's weekend business block, "The Cost of Freedom." Bolling joined the network in 2008. Click here for more information on Eric Bolling