If you believe that, you’ll believe anything.
Here’s Don Boudreaux’s response to Time on this ridiculous notion:
Editor, Time
Dear Editor:
On Monday President Obama proclaimed that G.M. “will be run by a private board
of directors and management team. They, and not the government, will call the
shots and make the decisions about how to turn this company around.” And
yesterday, two high-ranking members of his administration, writing in USA Today,
seemed downright insulted that anyone would doubt the President’s word that
politics will “play no role” in running this company.
Alas, this political chicken wasted no time in coming home to roost. You report
today that “Top executives from General Motors and Chrysler face tough questions
from lawmakers about sweeping plans to close hundreds of car dealerships as the
auto companies undergo government-led bankruptcies” (“Senate Reviews Close of
GM, Chrysler Dealers,” June 3).
The wonder is not that politicians are meddling. The wonder is that America is
populated with a sufficient number of fools so gullible as to encourage Mr.
Obama to issue his ‘no politics’ assurance with a straight face.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
