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“President Barack Obama heads to Michigan today to tout the revival of the auto industry after his administration controversially bailed out General Motors and Chrysler last year using tens of billions of taxpayer dollars.” (ABC News, Friday)

Touting the abuse of taxpayers, the waste of precious resources, and the politicization of bankruptcy?

FEE Timely Classic
“Political Bankruptcies: How Chrysler and GM Have Changed the Rules of the Game” by Richard A. Epstein