Read It Here First

In a July 23 post on "The Ford Misconception," FutureOfCapitalism.com noted that press coverage of Ford speaks of the company's refusing federal aid but usually neglects to mention the company's $5.9 billion federal loan. Six days later, in today's Wall Street Journal, a column by Holman Jenkins makes the same point: "Ford's press coverage lately portrays Ford as almost a character from an Ayn Rand novel—bravely, disdainfully waving away government money. This is, ahem, an exaggeration. Ford just received $6 billion in Energy Department loans."