Eric Holder is on his way out as U.S. attorney general, but he wants to leave a reminder of his legacy. Unfortunately, it is a legacy of racial polarization heavily driven by his ally, Al Sharpton. The Department of Justice (DOJ) today released a report concluding that police in Ferguson, Mo., the St. Louis suburb where a fatal shooting last August by a white officer, Darren Wilson, of a violent black youth triggered repeated rioting, has exhibited patterns of bias. Released in summary form earlier this week, the study accuses Ferguson police of systematic targeting of blacks. Yet the accusation is flimsy, a vindictive response to a state grand jury’s sensible refusal last November to indict Wilson for murder. Its motive is even more obvious in light of DOJ's decision today to clear Wilson of civil rights violations.
Is the fix in? General Motors is acting like it faces a major decision in responding to the self-nomination of Harry Wilson for its board of directors. Wilson was one of the key members of President Obama's Auto Task Force, and purports to be acting at the behest of hedge funds who want GM to spend the "cash hoard" that was made possible by US taxpayers.
Ironically, Wilson was one of the people who determined how much of a "hoard" GM would accumulate, an amount he now criticizes as being excessive. During, and just prior to, GM's bankruptcy process, taxpayers supplied about $50 billion to "invest" in the company. Canadian taxpayers chipped in about $10 billion while GM had its balance sheet cleared of about $30 billion of debt. The liabilities owed to the politically-favored UAW remained intact.