Bloomberg has an interesting story of how political credit works => you get no credit for preventing something bad from going to worse. Case in point, Michigan auto-supplier E&E would have gone belly up – now it is doing $75million/year; up from $30 million and going under until Obama’s auto company rescue plan was passed. But the President of E&E Manufacturing, Wes Smith, still does not give credit for the risky rescue condemned at the time by Republicans and many in business. Even more curious, this according to poll,s reflects the view of nearly half of Michigan voters. See Bloomberg for full details.
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