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New at Reason: Matt Welch on Why Obama's "Never" Again Bailout Promise Is All Hot Air

Grabbing Wall Street bears by the noseIf Barack Obama truly intends to "never have a situation" where taxpayers are "foot[ing] the bill for other people's mistakes," as the president insisted yesterday, he'll get nothing but hallelujahs from many Americans. But like so many of Obama's promises, writes Matt Welch, this is a pledge he will never be able to keep.

Read all about it here.

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