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Senior Fellow William F. Shughart discusses financial developments at General Motors and Chrysler, the real issues at stake in the TARP debate, and how Obama’s bailouts are negatively affecting the limping economy.
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The recent elections in Iraq have not resolved the main problems there—a constitutional crisis, continued terrorism, a potent Sunni rebellion, and fighting between religious and ethnic groups that could result in a full-blown civil war. Is the Iraq war a hopeless quagmire that has been lost, or can the U.S. still foster a united, peaceful and prosperous Iraq?
