Regardless of the GM bailout headlines proclaiming the staggering numbers, the real story of the federal government’s bailout of GM, using TARP funds, is way more than just the billions of dollars concerned. It is more importantly a narrative of governmental hubris that started with President Bush and the Republican Congress panicking and pandering to public fears, followed by President Obama and his administration – the Treasury Department in particular, skirting, or ignoring the rule of law to pursue a plan that was formulated based mostly on political issues reasonably than established contract legislation and sound economic procedures.
We hold coming back to the same problem here. You appear to be under the impression that if the ten+ million unemployed just got off the sofa and looked for a job, they might all discover one, and that’s simply incorrect. You are aiming all incentives toward the working poor, but not … Read more