According to the Washington Examiner's Mark Tapscott, a report to be released tomorrow, blames the Obama Administration for significantly increasing job losses by its ill-considered shuttering of GM/Chryser dealerships:
A report to be released tomorrow by the Treasury Department's Special Inspector General for the Toxic Asset Relief Program (SIGTARP) will contend that President Obama's push for General Motors and Chrysler to close thousands of dealerships across the country as part of their government bailouts "may have substantially contributed to the 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 impacts."
The SIGTARP report will further contend, according to Rep. Darrell Issa, the ranking minority member of the House Oversight and Government Reform Committee that it is questionable whether the closings were "either necessary for the sake of the companies' economic survival or prudent for the nation's economic recovery."
Gosh, I thought Obama (B.S. Columbia, J.D. Harvard) knows everything about everything. How could this be right?