Weekend links

Something else you bought for Christmas without knowing it.

• Mark Perry performs an excellent re-write of a Wall Street Journal story on steel tariffs.

• The New York Times details joblessness among young workers in Spain. I've noted before that Spain may be the best model for the Obama Administration's economic policies.

• Hope, change and political payoffs: the Obama Administration has succeeded in killing the Washington DC school voucher program.

• Bailout nation: the Obama Administration gives GMAC $3.8 billion of taxpayer money.

• The New York Times says the Obama Administration's $75 billion program to stave off homeowner foreclosure is being widely pronounced as a disappointment.