November 20, 2009

Latest Pajamas Media Column (‘Kelo, GM, and the Stimulus: Three Examples of Government-Induced Failure’) Is Up

Filed under: Economy,Health Care,Taxes & Government — Tom @ 9:26 am

UncleSamDumpingMoneyGovtMotorsKeloIt’s here.

It will go up here at BizzyBlog on Sunday morning (link won’t work until then) after the blackout expires.

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Supplement: The column points out what should be obvious, but isn’t to many — Where government goes, trouble follows.

Of course there are private boondoggles too, but I don’t think anyone can cite a case of not government-assisted property development efforts result in dozens of property owners forced out against their will, $78 million in spending …. and a vacant wasteland.

I also don’t think anyone can name a private manufacturer that still loses money bigtime after walking away from about $30 billion in debt and receiving almost $50 billion in gifts (make that two; less-visible Chrysler is probably as bad or worse in proportion to its shrinking size).

The final example cited in the column, the Obama administration’s misnamed “stimulus” plan, appears destined for the top spot in the all-time Waste, Fraud, and Abuse Hall of Shame.

Ohioans should and I suspect will never forget that Ohio Senator Sherrod Brown flew into DC on a chartered jet after his mother’s funeral just so he could cast the decisive final vote needed to pass this monstrosity.

Instead of logically concluding that the government can’t, won’t, and almost never will perform as well as the private sector and creating an environment where the economy and business can thrive, power-hungry statists want more.

This weekend they’re coming for health care. What conceivable reason would anyone have to believe this initiative, if passed, would would turn out any differently?

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2 Comments

  1. And of course when a private boondoggle fails, it only hurts those who invested/created it, when government boondoggles fail, it hurts nearly the entire populace.

    Comment by zf — November 20, 2009 @ 11:01 am

  2. [...] This item went up at Pajamas Media and was teased here at BizzyBlog on [...]

    Pingback by BizzyBlog — November 22, 2009 @ 10:47 am

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