Thursday, July 21, 2011

US Taxpayers On Hook To AutoMakers For Billions

President Barack ObamaImage by Chrysler-Group via Flickr
The Obama bailout of the auto industry was a gift to Big Unions at the expense of shareholders (who lost everything and got nothing) and the US tax-payer.

This article puts the cost at 14 billion.

Rich Lowry at National Review also weighs in.
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"... nothing intellectually compelling or challenging.. bald assertions coupled to superstition... woefully pathetic"