President Obama still hasn’t learned the classic First Rule of Holes: When you’re in one, stop digging. Up to his earlobes in failed stimulus grants and tainted federal loan guarantees, the shoveler-in-chief tunneled forward this week on his latest Government Loans to Nowhere bill. His willful ignorance is America’s abyss.
Little noticed in the White House jobs-for-cronies proposal is a provision creating yet another corruption-friendly “government corporation” that would dole out public infrastructure loans and loan guarantees.
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