Thursday, July 22, 2010
The bungling of the auto bailout - NYPOST.com
The bungling of the auto bailout - NYPOST.com:
Everything you need to know about the nightmare of government-controlled busi nesses can be found in a damning new inspector-general's report on how and why the Obama administration forced Chrysler and General Motors to oversee mass closures of car dealerships across the country.
Under the guise of 'saving' the US auto industry through a taxpayer-funded bailout now topping $80 billion, President Obama's bureaucrats pushed the car companies to eliminate thousands of jobs -- with unjustified haste using dubious economic models."
Everything you need to know about the nightmare of government-controlled busi nesses can be found in a damning new inspector-general's report on how and why the Obama administration forced Chrysler and General Motors to oversee mass closures of car dealerships across the country.
Under the guise of 'saving' the US auto industry through a taxpayer-funded bailout now topping $80 billion, President Obama's bureaucrats pushed the car companies to eliminate thousands of jobs -- with unjustified haste using dubious economic models."
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