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Obama and the Bailout



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Bloomberg is reporting that Obama aides are considering a prepackaged bankruptcy for the Big 3 with the financing provided by the Feds. Could be the best solution, but the devil is in the details.

I’m not sure the Left will appreciate that President Obama’s first major act as president will result in the loss of thousands of union jobs and the cutting of the Santa Claus-like benefits packages.

And the Right won’t appreciate the environmental mandates that will surely be imposed as part of the deal.



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