Commentary

Obama Lectures Carmakers on How to Run a Business

By Ashton Ellis
Wednesday, August 17 2011

It turns out that all the U.S. auto industry needs to regain its dominance is an Econ 101 lecture from the most famous professor-turned-politician. Let’s consider some of his insights. “When I came into office they were talking about the liquidation of GM and Chrysler, and a lot of folks said you can’t help them, and it’s a waste of the government’s money to try and help them,” President Barack Obama said Monday during his Midwestern bus tour. “But what I said was, we can’t afford to lose up to a million jobs in this country, particularly…

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