June 1, 2010

Latest Pajamas Media Column (‘What Exactly Does the Government Own? An Accounting’) Is Up

Filed under: General — Tom @ 10:58 am

It’s here.

I suggested “Steaming Towards Statism” and another alternative as possible titles. PJM chose otherwise; it’s their perogative.

The sub-headline appropriately teases the content:

The decline in private-sector wages is just the tip of the iceberg.

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

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Related: Apparently, lefty economist and former Clinton administration Secretary of Labor Robert Reich wants to expand statism into an area I didn’t identify in the column — oil (HT Michelle Malkin):

If the government can take over giant global insurer AIG and the auto giant General Motors and replace their CEOs, in order to keep them financially solvent, it should be able to put BP’s north American operations into temporary receivership in order to stop one of the worst environmental disasters in U.S. history.

The Obama administration keeps saying BP is in charge because BP has the equipment and expertise necessary to do what’s necessary. But under temporary receivership, BP would continue to have the equipment and expertise. The only difference: the firm would unambiguously be working in the public’s interest. As it is now, BP continues to be responsible primarily to its shareholders, not to the American public. As a result, the public continues to worry that a private for-profit corporation is responsible for stopping a public tragedy.

Temporary, schmemporary.

This is evidence (as if we needed any) that Maxine Waters wasn’t blowing smoke when she said that she and many of her Democratic Party fellow travelers intend to take over the oil business. They’ll use any angle, any “opportunity,” any crisis as an excuse.

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4 Comments

  1. Oh, yeah, Mr. Reich, because the government never eveeer works against the public interest. And, sure, let’s nationalize BP because Obama and crew did such a bang-up job taking care of their part of the problem. I am so sick of the lefty elite telling everyone that if you’re not ensconced in the government bureaucracy, than you’re not “unequivocally” serving the public interest. What a bunch of smug, self-righteous slugs. Obama has served nobody but himself when virtually every move he has made since his election. He definitely served himself by sitting on his hands and passing the buck on something he should have been involved with from the start. But hey, if oil looks bad, he can use that as an excuse to start up his windmills. I thought the claim was “we were on the ground running” not “we left it all up to BP?”

    And Reich is also blowing up smoke when he says BP is in charge. Despite Obamas blatant lie that BP is in charge, the fact is by our own laws it’s the government that is required to take the lead and be prepared for such a disaster. And the law that requires companies like BP to run every single thing they intend to do by the feds first. So far, the feds were totally unprepared and the only thing they are taking the lead on is getting in the way. BP in charge, my eye.

    Comment by zf — June 1, 2010 @ 1:11 pm

  2. With leadership like Obama’s, the company would be promptly run into the ground like all the other socialized countries. The public interest to Democrats means “their” interests.

    Here is a same of Obama’s incompetent leadership: Lead, Follow or Get Out of the Way – http://www.publiusforum.com/2010/06/01/lead-follow-or-get-out-of-the-way/

    Comment by dscott — June 1, 2010 @ 4:10 pm

  3. Here is an example of the current Obamathon: http://www.businessinsider.com/12-charts-that-show-the-real-state-of-unemployment-2010-6#the-number-of-unemployed-for-a-super-long-time-is-still-a-vertical-line-3

    Comment by dscott — June 2, 2010 @ 2:43 pm

  4. [...] This column went up at Pajamas Media under a different title and was teased here at BizzyBlog on [...]

    Pingback by BizzyBlog — June 3, 2010 @ 11:51 am

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