Wow. Saving Detroit was Expensive

Wow. Saving Detroit was Expensive

Maybe President Obama didn’t significantly lower the unemployment levels, or the sea levels, or even the national debt. . . But at least he saved Detroit. And, of course, by “Detroit” the administration means: one particular company in one particular industry. (FYI: Detroit is still on the verge of Bankruptcy.)

We all know the story: America was failing. Financial institutions where tumbling due to the greedy CEOs who actually concerned themselves with delivering a substantial return to their investors. But then came Barack Obama. After throwing his weight – and your money - behind an Auto Industry recovery plan (read: General Motors Bailout, and...