John Berlau on How American Taxpayers Saved Turin Instead of Detroit

President Obama boasted during the Presidential campaign that the taxpayer bailouts of Chrysler and GM saved “Detroit” (a particular locution that he wisely doesn’t use any more, as I noted yesterday).

But as John Berlau also observed yesterday, with respect to the Chrysler bailout it might be more accurate to say that it “saved Turin,” Italy that is, rather than Detroit, U.S.A.

(Disclosure: I am a member of the Board of Directors of the Competitive Enterprise Institute where Berlau works).