" Ayn Rand couldn't have imagined it any better: a government with a majority ownership stake in a car maker lobbing sound bites that damage the "competition."
While it's not Ray LaHood's fault that the U.S. government got into the car business, his comments suggesting that Toyota drivers should stop driving their cars did a nice job of underscoring the folly of this type of government intervention.
Now, the Wall Street Journal is reporting that congressional investigators are questioning Toyota's fix to their safety problem. Just imagine the board of Pepsi presiding over hearings to decide if Coke is really "it."
Obviously, the government should have the authority to ensure that vehicles sold in the U.S. are safe to drive. What it should not have is the authority to buy car companies.
All of this really shines a bright light on the insanity of the health care "public option" that congressional democrats and others on the left want so badly. It is crystal clear to me that the same conflicts of interest would arise on a regular basis. The idea that it would "increase competition" and "keep the insurance companies honest" is laughable. Our health care system needs fixing, but the answer is a market-based solution, not public health care. This piece by John Stossel still holds up very nicely on the topic.
It's pretty simple. The government should stay out of business, out of the way of business and out of my business."