Reader comment on: Young Guns
Submitted by BikerGar (United States), Sep 16, 2010 09:19
Although the reviewers dates are correct as to auto industry loans and bailouts I believe starting soon after the election the Bush administration allowed the incoming admin to kick the can down the road until President Obama was sworn in. I think that most, if not all loans although having dates during the Bush admin, were at the recommendation and urging of the incoming Obama admin.
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The Future of Capitalism replies:
It's true that Bush deferred to the incoming administration on these decisions. But it could have done otherwise. Under the Constitution, we only have one president at a time, and the new one doesn't take office until he is sworn in on Inauguration Day.
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