Friday, July 06, 2007

Bargain De-basement?

Behold as Barak Obama's "economics guru," Austan Goolsbee, tries to spin a "Grand Bargain" out of the senator's proposal to have taxpayers pick-up the tab for runaway union auto worker fringe benefit costs in exchange for the imposition of more stringent command-and-control corporate average fuel mileage regulations on automakers.

Ironically, Goolsbee had just said that "a regulatory solution, like a mandate, is fundamentally it's not a solution," and that Obama is for market-oriented solutions. Yikes!

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