Check out the latest Corner blog from our President, Robert Alt,
President Obama said that “[i]f we had taken your advice, Governor Romney, about our auto industry, we’d be buying our cars from China instead of selling cars to China.” In other words, if GM and Chrysler were allowed to go through orderly bankruptcy instead of getting a government bailout, President Obama claims they would have shuttered their doors. The president (a teacher of mine at the University of Chicago Law School) surely knows better. His claims are the height of audacity in an attempt to defend a failed policy that gave staggering handouts to major political contributors.
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