On Monday it’s expected that General Motors will file for bankruptcy. In as little as 60 to 90 days, Government Motors will emerge, 72.5 percent owned by taxpayers and 17.5 percent owned by our Big Labor partners whose intransigence and greed helped to destroy the industry.
There is so much to fear about this evolving relationship between politicians, the constituencies that regard them as essential to their well-being and the private sector. The takeover of General Motors, and the temptation to use that ownership stake to pursue political agendas — the elimination of big “gas-guzzling” SUVs, for example — is temptation social planners of the left will find irresistible. And, as with government agricultural planning and programming, every action has consequences that trigger the need for more planning and regulation. Eight decades later we still can’t get that right.
Politicians will, of necessity, wall-in America, regulating automobile, truck and parts