The GM bailout is touted as a huge success for progressive government bailout of failed capitalist ideology. None of the GOP candidates seem capable of challenging this view. Everything comes at a cost and the cost of this bailout is
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In several past postings reviewing the recent financial meltdown, I have noted the pivotal role played by Fannie Mae. A toxic mix of arrogance and incompetence infected Wall Street. Bad political, monetary, and tax policy inflated the housing market bubble.
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It was easy to predict that the Cash for Clunkers would only drive up sales very temporarily as the expense of future sales. Recent results have verified the sharp dropoff in auto sales when the program ended. It was also
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