Building America's Next Bailout
October 11, 2010 · Jobs, Stimulus, Economy
Christopher Papagianis is a policy analyst and writer focused on economic and financial policy. He contributed to The Weekly Standard in 2010, writing about government bailouts, housing policy, and the risks posed by entities like GM, Fannie Mae, and Freddie Mac.
Andrew Ross Sorkin has a very interesting column this week examining the signal sent by GM’s purchase of AmeriCredit. The short answer: GM looks like it’s trying to revive the old patterns of demand before the recession. It’s doing so by following some of the same business practices that led to…