Have you heard about the secret office in the basement of the Treasury where officials are checking the political affiliations of auto dealers to ensure that it will be the Republicans who will be cut out during the Chrysler and General Motors bankruptcies?
Insurance Against an Even Bigger Wreck
At any other time, the day that the federal government stepped in to rescue the domestic auto industry would be a turning point in the history of American capitalism. The only reason it is not is that it was immediately preceded by similar rescues of Bear Stearns, Fannie and Freddie, AIG, and Citigroup. It was just another day in Bailout Nation.
Bloviation vs. Reality on Stimulus Health-Care Provision
To most Americans, the language on Page 52 of the report of the House Committee on Appropriations would have seemed perfectly sensible.
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