Time to toss the union albatross

University of Kentucky economist Ken Troske nailed it in the Lexington Herald Leader today when talking about the proposed auto bailout: “But the long-term situation is completely different, he said.” “A bankruptcy would allow them to “break promises they made in the past,” Troske said. “That’s clearly going to hurt workers … but they’ve got…

Where is GM’s burden of proof?

As Kentucky Gov. Steve Beshear is cajoling Congress to write blank taxpayer checks to the auto industry, troubling questions mount about how good an idea that is. The Wall Street Journal reports: “”There is no Plan B being discussed beyond a government bailout,” one top GM adviser said Friday.” Granted, that is a statement from…