Wednesday, October 17, 2012

Obama's one point plan

In the debate last night President Obama accused Governor Romney that
Gov. Romney doesn’t have a five-point plan, he has a one-point plan. And that plan is to make sure that folks at the top play by a different set of rules.

I disagree with this characterization of Governor Romney's plan, but I'm more interested in Obama's plan:

  • Special rules for the GM bankruptcy to reward politically connected creditors over senior creditors
  • Over 1200 special exemptions to healthcare rules
  • Special loan and grant deals to politically connected green energy firms, several of questionable legality (such as the subordination of the US loans to Solyndra under private loans)

Who wants to have different sets of rules again?

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