All Commentary
Wednesday, February 29, 2012

Obama Touts Auto Bailouts

“President Obama channeled his 2008 campaign persona on Tuesday, using an energetic speech before the United Auto Workers conference to remind Michigan on primary day that he helped save the auto industry with a controversial bailout….” (New York Times)

Everything looks good when one ignores the costs.

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