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A Dissenting Note on the Auto Recovery--Skeel

Enthusiasts for the Chrysler and General Motors bailouts have been congratulating themselves as the car companies' prospects have improved in recent months.  As won't surprise anyone who has followed this blog, I worry that the wrong lessons will be drawn from the resurgence.  Some of the costs of the bailouts, at least as I see them, are outlined in this op-ed.

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