I've been thinking about posting something about the Obama Administration's public high-fives over a single profitable quarter for GM for a while now, but Holman W. Jenkins, Jr. sums it up perfectly with the following quote leading off his
column today:
"Like awarding one little league team five outs per inning and six strikes per batter, then doing a victory dance because they have a good inning, President Obama applauded the "success" of his GM bailout in a visit to Detroit last week."
A perfect analogy, and a very good
column.
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