The Foundation for Economic Education (FEE) references a NYT article in its daily email newsletter here. According to the NYT:
Congressional Democrats were drafting legislation Sunday for tight
government control of the crippled American auto industry, including
the possible creation of an oversight board made up of five cabinet
secretaries and the head of the Environmental Protection Agency and led
by an independent chairman or ‘car czar.’
The FEE response is classic:
“You couldn’t make this stuff up.”
The government takeover of the Big Three reminds me of P.J. O’Rourke’s comment about health care. “If you think that health care is expensive now, just wait until it is free.”
If you think that the Big Three are screwed up now, just wait until a government committee headed by a Car Czar runs them.
