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Click here to visit the new home of Politics Daily!(Oct. 6) -- There is perhaps no word more likely to stoke the anger of ordinary Americans than "bailout." Whether it's the hundreds of billions spent to save the financial industry or the tens of billions allocated to rescue America's carmakers, Washington "bailouts" of private industry have come to symbolize all that is wrong with our supposedly omnipresent and overbearing federal government. But there's one serious problem with all this anger -- it's utterly misplaced. Government bailouts have actually been a true success story that prevented a far worse economic calamity. Rather than a ...
Tired of being mocked as "Government Motors," General Motors has ramped up public relations efforts to demonstrate it is on the right track. As its own ads admit, many Americans, regardless of their political leanings, have a bad attitude toward the nation's largest automaker in the wake of taxpayer-financed bailouts. For GM, the danger is that this antipathy leads Americans to quietly boycott the company. As recently as last year, popular conservative radio host Hugh Hewitt wrote a column titled, "Just say no to Government Motors and Obamacars." Concerns reached a high point last year when, ...
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