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Bailout on Wheels Rolls Down Slippery Slope

Ah, that slippery slope. All of a sudden, Nancy Pelosi has come to the conclusion that ensuring union retirees receive large amounts of taxpayers’ money is central to the country’s financial stability. And after all, it’s only $25 billion (or maybe $50 billion, still nowhere near $700 billion, or maybe $2 trillion). As my colleague Sam Kazman commented, even though multi-billion dollar bailouts may no longer be the rarity they once were, that does not entitle either the auto industry…

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