Obama dead wrong about Romney and Detroit [Reader Post]

Here’s the pertinent part of the transcript

PRESIDENT OBAMA: Well, Governor Romney’s right. You are familiar with jobs being shipped overseas, because you invested in companies that were shipping jobs overseas. And, you know, that’s your right. I mean, that’s how our free market works.

But I’ve made a different bet on American workers. You know, if we had taken your advice, Governor Romney, about our auto industry, we’d be buying cars from China instead of selling cars to China.

How about letting members of the Fortune 500 run America's welfare programs? [Reader Post]

Imagine what you could do with three quarters of a trillion dollars. You might buy a new house, maybe a new car and maybe even take a trip to Hawaii or Australia.

Seriously, what can $750 billion accomplish? Well, that all depends on who’s spending the money.

According to the Congressional Research Service the federal government spent $745 billion in 2011 on welfare payments.