In light of this, why do you think the Obama Administration likes this program? All the Republicans can say is that it’s “an expensive salve to auto dealers and the car industry that ignores other needy areas of the economy.” Bless their soles. Our politicians, left, right, and center wish to buy our votes and, since the Democrats now have the power, they are directing their largess to their voters, who in this case are the members of the UAW. The Obama Administration gets good press, the unions are happy—for a while at least, and the lucky few that hit the jackpot with this giveaway are pleased.
For the economy, for the taxpayers, and for free markets it’s just a lose-lose situation.
It’s amazing that the economy functions at all, given the constant predation of government.