“We Don’t Want Government to Run Companies”
Posted December 9th, 2008 at 9.05am in Entrepreneurship.
This Sunday on Meet the Press, President-elect Barack Obama told Tom Brokaw, “We we don’t want government to run companies. Generally, government historically hasn’t done that very well.” Obama is right on both counts: government has a miserable record as a corporate manager and therefore we should not want them to be in the business of doing so. Unfortunately that is exactly what liberals in Congress are about to do if their proposed auto bailout plan passes. Under the latest plan to come out of Speaker Nancy Pelosi’s (D-CA) office Congress “would mandate, or at least heavily influence, what kind of cars companies make, what mileage and environmental standards they must meet and what large investments they are permitted to make.” Yale management professor Jeffrey Garten told the New York Times: …
Write your elected officials (links on right side of this page) and tell them we don’t want this bailout!
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