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That auto bailout

Out of the Storm News rounds up some opinion on the GM and Chrysler bailout:

Ted Frank, adjunct fellow at the Manhattan Institute, sees more than an unpaid bill on the horizon. "The worst part of the bailouts was the way the administration used political threats to trample over established bankruptcy law and settled expectations," he says "In the long run, the bailout will cost far more jobs than it saves, even in the unlikely event that GM and Chrysler pay back the government in full."

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.