Monday, July 19, 2010

Bombshell Inspector General's Report on Dealership Closures

HT: HotAir. From the report (page 31):

"....at a time when the country was experiencing the worst economic downturn in generations and the Government was asking its taxpayers to support a $787 billion stimulus package designed to preserve jobs, Treasury made a series of decision that may have substantially contributed to the accelerated shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls — all based on a theory and without sufficient consideration of the decisions’ broader economic impact."

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