The Bluegrass Institute for Public Policy Solutions

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Auto bailouts: Who won? Who 'got shafted?'

Cameron Schaeffer, a pediatric urologist and plastic surgeon in Lexington, pushed back against the Lexington Herald-Leader's recent editorial  praising the automotive bailouts.

The editorial claimed "a clear-eyed look at the numbers suggests that without the big government efforts of the last few years, many fewer Kentuckians would be employed."

However, Schaeffer argues that: "Contrary to President Barack Obama's statements, the auto companies did go through bankruptcy. But the process was political, not legal, with the government picking winners and losers. The bond holders and non-UAW workers, like those at Delphi, got shafted, and the UAW surrendered little."