Academic

IT?S A CLOWN SHOW: TARP Inspector General: Obama?s GM/Chrysler Moves Needlessly Accelerated Job Lo?

By Glenn Reynolds

IT’S A CLOWN SHOW: TARP Inspector General: Obama’s GM/Chrysler Moves Needlessly Accelerated Job Losses.

President Obama’s push for General Motors and Chrysler to close thousands of dealerships across the country as part of their government bailouts “may have substantially contributed to the shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls, all based on a theory and without sufficient consideration of the decisions’ broader economic impacts.”

Obama is a job-killer, it seems. At least when it comes to private-sector jobs.

Full post as published by Instapundit.com on July 20, 2010 (boomark / email).