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.