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Despite all this, the politicians continue to squabble over the wisdom or folly of bailing out the big car companies.

Call it what it was: a boon to well-connected cronies who knew nothing about the automobile industry or its workers but were more than happy to send the invoice to taxpayers for shoddy repairs.

Peter Schweizer is the William J. Casey Fellow at the Hoover Institution at Stanford University, president of the Government Accountability Institute and author of “Throw Them All Out” (Houghton Mifflin, 2011).