Obama’s ‘Best Investment’
Was Crony Socialism

found online by Raymond

 
From libertarian Michael A. LaFerrara at Principled Perspectives:

The New Jersey Star-Ledger labeled the General Motors bailout “arguably Obama’s best investment”:

[H]istory will show that the industry is thriving because it had a government that trusted it could redefine itself back in 2009 – the year President Obama refused to let General Motors and Chrysler die by completing a $79.7 billion bailout that saved the two companies and their parts suppliers – along with the one million jobs that depended on them.

I left these comments:

It doesn’t take an economist to see the fallacy in the alleged “success’ of the GM bailout. It just takes some knowledge of basic economics, a proper moral compass, and the willingness to think.

– More –
 

We have a comment policy (sort of)

We often encounter extreme amounts of spam targeting more controversial posts. This tends to annoy and confuse Aunt Tildy. If your comment is accidentally omitted, please help her out by resubmitting, perhaps including a note telling us what happened. If you find comments closed, we can still put yours in its proper place. Just attach to another post with an explanation.

Aunt Tildy appreciates most every comment. Truly. But she has what could be an unrealistic view of the innocence of younger readers. She may hesitate when profanity becomes extreme.

In some cases, you might follow our lead. When we ruffle her delicate sensibilities, a soft apology has usually helped.

Leave a Reply

Your email address will not be published. Required fields are marked *