Smoky Mountains Sunrise

Wednesday, July 21, 2010

Obama Administration’s Actions in Auto Bailout Added to Unemployment, Audit Says

Chrysler dealership owner Catherine Zimmer, right, talks with partners Rich Zimmer, left, and John Zimmer, outside their auto dealership, Tuesday, June 8, 2010, in Florence, Ky. General Motors Co. expects to keep 1,000 more dealers than it planned when it first announced dealer closures last year. (AP Photo/Al Behrman)

The Obama administration’s policies in steering the auto bailout drove unemployment up, according to an audit by the Office of Special Inspector General for the Troubled Assets Relief Program (SIGTARP).


1 comment:

kkollwitz said...

Speaking of government intervention, check this out:

"The University of Chicago's Harald Uhlig estimates $3.40 of lost output for every dollar of government spending."

http://online.wsj.com/article/SB10001424052748703724104575378751776758256.html