By Ethel C. Fenig:
Perhaps GM is reducing its “salaried workforce” and unallocating (a fancy way of saying closing) plants necessitated by “market-related volume declines in cars” (a fancy way of lower car sales) because Obama didn’t buy the electric Chevy Volt he promised he would after he left office.
So – and oh, what a surprise! – taxpayer bailouts to save jobs not only don’t work, but are more costly and ultimately more painful to workers than letting companies succeed or fail or restructure naturally without government interference.
. . .
Oh, and while bin Laden is still dead, the carnage in Afghanistan continues. On Tuesday, three American servicemen were killed.
Read more: American Thinker