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“We Did It With the Airline Industry”

By Matthew Yglesias

"“We Did It With the Airline Industry”"

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Senator Carl Levin was noting on Meet The Press that his proposed bailout for the auto industry “is not unprecedented,” observing that “we did it with the airline industry.” That seems very true to me, but also seems a lot like a cautionary tale. The airline industry is deeply dysfunction, and it’s dysfunction in part because its so dominated by these corrupt business-government “partnerships.”

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