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Jewish World Review
March 1, 2012/ 7 Adar, 5772
When Big Brother drowns
By
Jay Ambrose
http://www.JewishWorldReview.com |
Hoping to find at least one thing Barack Obama did right in his first several years as president, supporters say this lifeguard jumped in the water, swam out to where it's deep and saved General Motors and Chrysler from drowning.
They don't mention that another lifeguard got shoved aside, that the victims, while still afloat, are not on shore yet -- or that Obama tied anchors to their feet.
Though it's nowhere near a certainty, normal bankruptcy procedures might have rescued these companies already plagued by too much government, chiefly in the form of those misdirected, consumer-ignoring rules about fuel efficiency.
We can reasonably assume, however, that we would still have had an auto industry in the form of other companies if a normal Chapter 11 proceeding had taken precedence over politically advantageous, socialist intervention. And this way out would not then have perverted long-standing legal rights while unconstitutionally picking the pockets of the citizenry.
In its takeover -- the government still owns more than a quarter of General Motors, is still owed billions and is still the boss you best not ignore -- the Obama team stole from tacky, old bondholders and others to give to one of the industry's foremost malefactors, the United Auto Workers.
We can respect the individual workers while noting their huffing, puffing organization had rendered Detroit near-lifeless with negotiated wages and benefits it had gradually been agreeing to roll back for the sake of having any wages and benefits at all.
Unions are buddies of Democrats, the source of votes galore, of campaign contributions galore, and so if Congress won't go along with a deal that helps keep them in clover, forget Congress.
Forget, also, what the Troubled Asset Relief Program says about who can get what and just go ahead and give $60 billion to the auto industry. You will get away with it. President George W. Bush had already forked over $20 billion to the industry, and the Supreme Court was never, ever going to intervene in any of this.
GM was able to announce record profits, and that's great: Long live GM, and don't anyone mention the tsunami that set back its Japanese competition.
Someone might mention, however, that what the government gives, it can take away. As a Wall Street Journal editorial explains in making the whole situation splendidly clear, GM has happily agreed to go along with more demanding fuel efficiency standards, meaning it is going to be making fewer and fewer of the pickups and SUVs its customers want and trying to sell them more and more of the sedans they do not want.
There is no better example of this stupidity than the GM flop known as the Chevy Volt, a $40,000 electric-and-gas car that had a dangerous battery and that everyone and his cousin has shied away from purchasing despite government incentives to buy it and government subsidies without which it might cost a quarter of a million dollars. General Motors -- some now call it Government Motors -- has a solution to consumer reluctance. It wants higher federal taxes at the gas pump.
The glory that is Detroit won't necessarily remain glorious for long, as much as even Obama critics must truly hope it will. For what the government gives, it can take away.
The government helped get the industry in trouble in the first place by fuel-standard requirements that cost them customers.
Shed those anchors, GM. Do what your business sense directs you to do, understanding that Big Brother is himself drowning in debt and may never again be able to swim your way.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
Jay Ambrose, formerly Washington director of editorial policy for Scripps Howard newspapers and the editor of dailies in El Paso, Texas, and Denver, is a columnist living in Colorado.
Previously:
• 02/24/12: Obama goes gaseous on gas
• 02/22/12: Political tears for trust in personal empowerment --- except in the bedroom
• 02/17/12: Of cut-off ears and silenced mouths
• 02/15/12: Obama is a joke whose antics aren't funny
• 02/10/12: An energy boom looms, despite Obama
• 02/08/12: Obama's assault on faith
• 02/03/12: Can Romney get serious?
• 01/27/12: Obama is like an Italian ship captain
• 01/25/12: Newt Gingrich's first 100 days
• 01/20/12: Obama's Keystone pipeline lies
• 01/18/12: Critics worse than urinating Marines
• 01/13/12: Ron Paul is a cartoonish character
• 01/11/12: Newt Gingrich upset by Mitt Romney's brilliance
• 01/09/12: How about regulating presidents, too?
• 01/04/12: How America smothers itself
• 12/30/11: A tax break that helps break the nation
• 12/28/11: Watch out for the banana peel, Newt
• 12/21/11: A tale of two men
• 12/16/11: Strange happenings in Russia
• 12/14/11: Tim Tebow is a man of character
• 12/09/11: A populist, envy-mongering fraud divisively exacerbating resentment among different groups of Americans
• 12/07/11: Tax games threaten nation
• 12/05/11: Why Wal-Mart serves us better than Barney Frank
• 11/30/11: Not writing off Newt
• 11/28/11: Answers to the Iranian threat
• 11/23/11: Failure of the incumbency investment
• 11/18/11: Occupiers: Chop off their heads!
• 11/16/11: Obama asks jobless to sacrifice
• 11/09/11: Michael Moore's insufferable occupation
• 11/04/11: Political tipping point is coming
• 11/02/11: Idealogues versus 7 billion
• 10/28/11: Obama games on student loans
• 10/26/11: Wit and quick moves v. humanity and thoroughgoing honesty? It's no contest - or at least shouldn't be
• 10/07/11: Baptists, bootleggers and Wall Street protesters
• 10/05/11: Federal law will get you even if you watch out
• 09/28/11: Leftist bugbears on the march
• 09/23/11: Still hope for coal to help us
• 09/21/11: Obama's Madoff ploy
• 09/19/11: U.S. can't afford to wait until it happens
• 09/14/11: Defending -- and strengthening -- gung ho collectivism
• 09/12/11: A pipeline to better times
• 09/08/11: Obama just keeps destroying jobs
• 09/06/11: Ultra-feminists thwarting justice
• 08/31/11: Corporations are people? Yes, Count the ways
• 08/26/11: What an earthquake tells us about debt
• 08/25/11: The tyranny of scientific consensus
• 08/23/11: Fracking hardly a public health threat
• 08/17/11: Why Obamacare won't control births
• 08/15/11: Balanced budget amendment unbalanced idea
• 08/10/11: Kerry's war on citizen speech
• 08/05/11: Upside to the compromise leaving the door open for obnoxious maneuvers
• 08/03/11: The people who may save America
• 07/29/11: On making deals, Obama is no LBJ
• 07/27/11: The threat behind the debt
• 07/23/11: Mean opposition to means-testing
• 07/20/11: Leftist babble makes debt crisis even worse
• 07/18/11: Time to raise demagoguery ceiling
• 07/13/11: Obama treating treaties badly
• 07/08/11: Is decline of U.S. exaggerated?
• 07/05/11: Not math deficiency, but demagoguery
© 2011, SCRIPPS HOWARD NEWS SERVICE
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