Bush gave Free Money to FORD to create jobs...you know how that went

Max Plank in Atrios comments pointed me to this. In the wake of Ford cutting up to 30,000 jobs over the next few years, this is particularly outrageous:

It's almost enough to make you laugh—bitterly, of course. Here was Ford Motor Co. announcing yesterday that it had cut 10,000 jobs last year and that it will cut up to 30,000 more. But shedding jobs at muscle-car acceleration rates didn't stop Ford from pocketing hundreds of millions of dollars courtesy of the American Jobs Creation Act.

No, I'm not making this up. Right there, on page 2 of one of its news releases yesterday, Ford said that "repatriation of foreign earnings pursuant to the American Jobs Creation Act of 2004 resulted in a permanent tax savings of about $250 million."

Hello? How can you simultaneously cut jobs and benefit from the American Jobs Creation Act? Welcome to the wonderful world of Washington nomenclature.

Two-hundred and fifty million would pay for a lot of job retraining.

Meanwhile, Matt Millen still has a job.