Kudos to WaPo!
A Washington Post editorial today criticizes the corruption in the BHO administration that George Will points out in his column. The final paragraph summarizes their view:
"Extraordinary times call for extraordinary measures, and it was with this thought in mind that we endorsed the federal government's decision to pump billions of dollars into the automakers. But the spectacle of creditors being stripped of their legal rights in favor of a labor union with which the president is politically aligned does little to attract private capital at a time when the government and many companies need these investors the most. Investors' fears will only be compounded if the administration follows a similar blueprint with GM."
George Will summarizes with this paragraph - tough critique:
"The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity -- the political allocation of wealth and opportunity -- is not merely susceptible to corruption, it is corruption."
Both articles well worth the read. Comments from my Dem friends would be appreciated!
"Extraordinary times call for extraordinary measures, and it was with this thought in mind that we endorsed the federal government's decision to pump billions of dollars into the automakers. But the spectacle of creditors being stripped of their legal rights in favor of a labor union with which the president is politically aligned does little to attract private capital at a time when the government and many companies need these investors the most. Investors' fears will only be compounded if the administration follows a similar blueprint with GM."
George Will summarizes with this paragraph - tough critique:
"The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity -- the political allocation of wealth and opportunity -- is not merely susceptible to corruption, it is corruption."
Both articles well worth the read. Comments from my Dem friends would be appreciated!
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