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Obama’s $26 Billion 2008 Election Kickback to the UAW Union

President Obama touts the bailout of General Motors and Chrysler as one of the signature successes of his administration. He argues that the estimated $23 billion the taxpayers lost was worth paying to avoid massive job losses. However, our research finds that the president could have both kept the auto makers running and avoided losing money.The preferential treatment given to the United Auto Workers accounts for the American taxpayers entire losses from the bailout. Had the UAW received normal treatment in standard bankruptcy proceedings, the Treasury would have recouped its entire investment. Three irregularities in the bankruptcy case resulted in a windfall to the UAW.

via James Sherk and Todd Zywicki: Obamas United Auto Workers Bailout – WSJ.com.

Who Benefits From the Avalanche of Leaks? Obama

There’s something in the leaks that is a hallmark of the Obama White House. They always misunderstand the country they seek to spin, and they always think less of it than it deserves. Why do the president’s appointees think the picture of him with a kill list in his hand makes him look good? He sits and personally decides who to kill? Americans don’t think of their presidents like that. And they don’t want to.

National security doesn’t exist to help presidents win elections. It’s not a plaything or a tool to advance one’s prospects.

Who Benefits From the Avalanche of Leaks? – WSJ.com.