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Thursday, May 28, 2009

The Washington Post is making sense

Missed this Tuesday, but the Washington Post is taking a stand against the Obama Administration's blatant thuggery in the U.S. automotive marketplace:
IN THEORY, a government bailout should provide a short-term infusion of cash to give a struggling company the chance to right itself. But in its aggressive dealings with U.S. automakers, most recently General Motors, the Obama administration is coming dangerously close to engaging in financial engineering that ignores basic principles of fairness and economic realities to further political goals.
Hattip: Cafe Hayek

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