Respectfully submitted by Lawrence Rafferty (rafflaw)- Guest Blogger
If he said it once, Mitt Romney has said it a thousand times. President Obama should have let GM and Chrysler go bankrupt instead of “bailing” them out. (paraphrased) Of course, the discussion usually revolves around how Unions allegedly made out like bandits in the bailout to the detriment of the country and our economy. What has been selectively left out of the discussion was the role played in the bailout by vulture capitalists in reaping an enormous profit from the bailout. According to Greg Palast, the bailout created an opportunity for the vultures to swoop in and make huge profits. All at tax payer expense! Continue reading “Did Romney Profit from the Auto Bailout?”












