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Powerline has an interesting article on the bailout of Detroit's Big Three automakers. While Democrats are proposing a $25 billion bailout, all three companies could be bought for $7 billion. As Powerline notes, the bailout is really about saving UAW jobs using tax payer dollars. Of course, we pointed out the same thing last week. In fact, two years ago we pointed out just how poorly the Big Three automakers had been managed. Their plight today was completely foreseeable.
Posted By:Brian Goettl @ 11/17/2008 8:26:00 PM |
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