Michael Steele, attacking autoworkers and the GM deal:

This is the real 'change' President Obama has in mind for America - government ownership of our economy financed with irresponsible and reckless government spending and debt and no jobs to show for it.

Conor Clarke graphs how much of the private economy the government will own:


Better get out the fainting couch. I'm not going to enumerate all the jobs saved by the administration's decision to invest in GM and Chrsyler in response to Steele's nonsensical bluster, but a note of caution instead: His rhetoric will become very potent if the administration doesn't, in fact, provide jobs to show for it -- it being not just the automaker deal but also the stimulus, TARP and the budget -- in the next two years.

-- Tim Fernholz

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