Obama the job destroyer

    Today July 19,2010 the Office of the Special Inspector General for the Troubled Asset Relief Program (TARP) released the results of an audit report regarding the bailouts of General Motors and Chrysler Corporation using taxpayer funds and the Government’s decision to accelerate the forced closing of thousands of auto dealerships. The results of the audit regarding these dealership closings are summarized as follows: “Pursuant to | Read More »

    SIGTARP auto report out.

    The short version?  Having the government do your restructuring for you isn’t necessarily the brightest thing in the world.  Particularly when there’s a variety of conflicting objectives.  At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »

    SIGTARP auto report out.

    The short version?  Having the government do your restructuring for you isn’t necessarily the brightest thing in the world.  Particularly when there’s a variety of conflicting objectives.  At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »