Bailout to Nowhere

New York Times by David Brooks | Nov. 16, 2008 (Opinion)

Democrats from Barack Obama to Nancy Pelosi want to grant immortality to General Motors, Chrysler and Ford. They have decided to follow an earlier $25 billion loan with a $50 billion bailout, which would inevitably be followed by more billions later, because if these companies are not permitted to go bankrupt now, they never will be.

This is a different sort of endeavor than the $750 billion bailout of Wall Street. That money was used to save the ... Full Story »

Posted by Fabrice Florin

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4.2
 by James Jackson - Nov. 16, 2008

I often disagree with David Brooks, but I usually learn something by reading his column. This column explores the hazards of government granting immorality to corporations.

(11 answers)

James's Rating

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4.2

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