I rarely can stomach David Letterman—it’s like watching a tombstone. I remember when he used to be funny. I watch him every now and then if someone interesting is on.
Anyway Letterman had former president Bill Clinton in the chair last night. I watched part of the interview. You can only take so much of this sort of thing when it’s late at night.
The chat got a little ridiculous when Clinton said the General Motors bailout wasn’t a bailout—it was an “organized restructuring.”
Taxpayers handed over nearly $50 billion for that bailout which, by the way, was not a good deal for taxpayers.
Reason Magazine has a good analysis of the combination of loans, escrow funds and potential additional Dept. of Energy loans.
GM paid taxpayers back, right?