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Monday, September 10, 2012

Good Follow Up Refuting Democrats' Auto Bailout Claims

See this op-ed The Democrats' GM Fiction as a good companion piece to my post The Flawed Economic Logic Behind the Government's Auto Bailout. The authors rightly conclude:
The GM bailout was a bad deal for GM’s creditors, for U.S. taxpayers, and, in the long run, for the U.S. automobile industry and our overall national competitiveness. No wonder the Democrats are campaigning on a fictionalized account of it.

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