Mises warned us that ?Every socialist is a disguised dictator.? I thought of that quip when I saw the cartoon that accompanied an article in the latest Business Week. You won?t see the illustration in the online version, but you will read the following:
Who is running General Motors? Is it Frederick (Fritz) A. Henderson, the GM veteran that the Obama administration chose to replace Richard Wagoner Jr.? Or is it Team Obama?
The cartoon shows Henderson in the driver?s seat, casting a worried glance at the president in the back seat. Obama, meanwhile, is pointing for Henderson to make a left turn (nice touch), while holding his right hand just inches away from the steering wheel.
It?s too bad ?Team Obama? will not have any better ideas for running GM than it has for reviving the economy.
