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In the same issue of the Weekly Standard <\/em> , Matthew Continetti analyzes the \u201cbailout state.\u201d The point of government management of the auto, banking, and other industries is not merely to save jobs (and votes) and support organized labor. More, in the bailout state, the government can \u201ctransform once-private companies into tools of economic and social policy.\u201d <\/p>\n Government Sponsored Enterprises lend to people without good credit; banks lend to consumers so they can spend and keep the economy running; taking over GM is the only way \u201cto eliminate gas guzzlers from the domestic fleet\u201d and thus make \u201cboth the labor and environmental lobbies happy.\u201d <\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":" In the same issue of the Weekly Standard , Matthew Continetti analyzes the \u201cbailout state.\u201d The point of government management of the auto, banking, and other industries is not merely to save jobs (and votes) and support organized labor. More, in the bailout state, the government can \u201ctransform once-private companies into tools of economic and […]<\/p>\n","protected":false},"author":3021,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-4835","post","type-post","status-publish","format-standard","hentry","category-politics"],"yoast_head":"\n