From the Washington Times - A report by the Troubled Asset Relief Program's inspector general,
Neil M. Barofsky, underscores the danger of handing control of private enterprise to government bureaucrats. In running
General Motors and
Chrysler, the
Obama administration's
Auto Team made decisions based on what its members know best: race and politics. After taking over the bankrupt carmakers, the
administration ordered the immediate termination of one-quarter of existing dealerships - but not for business reasons. "Key members of the
Auto Team ... stated that they did not consider cost savings to be a factor in determining the need for dealership closures." GM set up a scoring system to determine the most valuable dealerships. The O Force's disdain for red states and their tendency to "cling to guns or religion" can't be coincidental.
Read more
EDITORIAL: Engineered by Obama Motors
From the Washington Times - A report by the Troubled Asset Relief Program's inspector general, Neil M. Barofsky, underscores the danger of handing control of private enterprise to government bureaucrats. In running General Motors and Chrysler, the Obama administration's Auto Team made decisions based on what its members know best: race and politics. After taking over the bankrupt carmakers, the administration ordered the immediate termination of one-quarter of existing dealerships - but not for business reasons. "Key members of the Auto Team ... stated that they did not consider cost savings to be a factor in determining the need for dealership closures." GM set up a scoring system to determine the most valuable dealerships. The O Force's disdain for red states and their tendency to "cling to guns or religion" can't be coincidental. Read more
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