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Obama: Brags about Saving GM - What is said, and what is concealed.
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Obama: Brags about Saving GM - What is said, and what is concealed.

Democracy and Power 108:  Obfuscation Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true. Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity. – Hans F. Sennholz

08/18/2011
The Real Cost of the Auto Industry Bailout
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The Real Cost of the Auto Industry Bailout

Today, Politico’s Arena featured an online debate over the results of the automobile industry’s bailout. Many of the contributors have hailed the bailout as a success due to the perceived growth in the auto industry and, namely, in Michigan, Ohio, and Pennsylvania.

07/30/2010
Taxpayer Ripoff: The Only Way to Define State Employee Benefits
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Taxpayer Ripoff: The Only Way to Define State Employee Benefits

Marta Mossburg reports in the Washington Examiner that even as Maryland faces a $700 million budget shortfall this year:

07/28/2009
The arrival of Government Motors
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The arrival of Government Motors

For those of you interested in my view on GM's bankruptcy and the future emergence of Government Motors, please see my article at HumanEvents.com.  (My agreement with Human Events does not permit me to post the text of the article here.)see “GM Bankrupt: Obama Takes Over", Ross Kaminsky, HumanEvents.com, 6/1/09 http://www.humanevents.com/article.php?id=32085

06/02/2009
Government to Take Over GM?
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Government to Take Over GM?

The General Motors bond holders that had been offered a 10% stake in the company after recapitalization refused the offer.  The unsecured bond holders are owed about $27 billion and 10% of a recapitalized GM is likely to be worth substantially less.  It is possible that another deal could come together before the deadline of June 1.

05/27/2009
Now they realize the Big Three aren't viable?
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Now they realize the Big Three aren't viable?

I’m somewhat pleased to say that the Obama Administration is rejecting the restructuring plans of GM and Chrysler. The bad news is that the Administration has already given them billions of our (taxpayer) dollars and will continue to fund them (Chrysler for 30 days and GM for 60 days) with taxpayer money, at the end of which the companies will likely (in my opinion) have to file for bankruptcy.

03/30/2009
Obama forces out CEO of General Motors
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Obama forces out CEO of General Motors

Politico is reporting that GM CEO Rick Wagoner is resigning, effective immediately, “at the government’s behest.” While my gut reaction was anger at Obama, after a few minutes I’m less angry.

03/29/2009