Tuesday, April 19, 2011

The Auto Bailout Fairy Tale Is Wrong

Todd Zywicki, National Affairs
When President Dwight Eisenhower named Charles Wilson — then the president of General Motors — to be his secretary of defense in 1953, some senators considering the nomination wondered whether Wilson could distinguish his loyalty to GM from his obligations to the country. Wilson assured them that he could, but then added that he did not think a conflict would ever come up. "For years I have thought that what was good for the country was good for General Motors, and vice versa," he said in his confirmation hearing.

Source: http://www.realclearpolitics.com/2011/04/19/the_auto_bailout_fairy_tale_is_wrong_254006.html

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