Wednesday, May 25, 2011

General Motors Will Never Repay Taxpayers - Reason Magazine

The Obama administration, and its media backers, have seized upon news that General Motors made a $3.2 billion profit in the first quarter of 2011 as proof positive that its auto bailout is a success. President Obama is so buoyed that he is reportedly planning to make the bailout a major part of his reelection campaign.

But by this standard, Charlie Sheen’s comedy tour ought to be declared a smash hit. Sheen’s backers will lose relatively less money on him than taxpayers will on the bailout."

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