President Barack Obama’s auto industry policy promises to heighten the influence of lobbyists and to open the door to ethical transgressions and even outright corruption. By naming as car czar a financier who is also a Democratic fundraiser steeped in cozy business-government relationships, and by replacing the traditional bankruptcy procedures with the will of politicians, Obama has injected Detroit with all the elements of crony capitalism.You can read the whole column here.
Wednesday, May 6, 2009
Obama’s auto policy: All in the Democratic family
Years from now, I would not be surprised if "Chrysler" is used as shorthand for the corruption that saddled the Obama presidency. My Examiner column today takes an opening salvo at the arrangement.