Chrysler and General Motors are where they’re at today because of a bankruptcy process, not because of a costly bailout that could set a dangerous precedent down the road.
Source: Heritage Foundation
Unemployment in the United States increased again last month to 9.1 percent, with the Obama economy adding only 54,000 jobs—the fewest in eight months. Today’s terrible jobs report is much worse than expected. Economists surveyed by Dow Jones Newswires had grimly predicted 160,000 new jobs and an unemployment rate of 8.9 percent earlier this week.
