Sunday, December 21, 2008

Robert Reich Breaksdown the Auto Bailout: Loopholes and All

RR is apparently trying to pull a GW and go out the year 2008 on a high note.

He has ditched his Keynesian propoganda campaign for at least one post, and puts together the best analysis of what's behind the George Bush auto bailout that I have come across. It's very much worth reading.

1 comment:

  1. IT journalist Robert X Cringeley has written about the bailout too. I don't always agree with his prescriptions, but his diagnosis is pretty good. The problem? "It's the cars stupid". The Bailout won't solve the underlying problem Cringeley identifies. It will extend, not end the pain.