On this auspicious day, when the Obama White House has decided to finally use their extensive community organizing expertise to dictate Board of Director decisions at a major US Corporation, I am reminded of a story often told (apparently) by President Reagan.
One of Reagan’s favorite stories concerned a man who goes to the Soviet bureau of transportation to order an automobile. He is informed that he will have to put down his money now, but there is a 10-year wait. The man fills out all the various forms, has them processed through the various agencies, and finally he gets to the last agency. He pays them his money and they say, ‘Come back in 10 years and get your car.’ He asks, ‘Morning or afternoon?’ The man in the agency says, ‘We’re talking about 10 years from now. What difference does it make?’ He replies, ‘The plumber is coming in the morning.’
Thanks, Historynet.com for making this available to us.
I have to wonder–are we heading down the road not only to socialism (which most people thought Barack would bring) but also towards the miserable life we saw in the Soviet Union? As rumors are starting to circulate that the White House is forcing the CEO of GM to step down, and putting further direct guidance attached to the loans the government is providing. one cannot help but wonder who in the White House has the background, and the skills, necessary to make decisions–business decisions–to dictate how a major auto manufacturer should operate.
Don’t misunderstand me–I am in favor of accountability for those who spend government dollars. I believe that when the government loans money there should be a viable plan in place to demonstrate that the money will be repaid. I just am not convinced that government is best suited to manage business. Certainly not “private” business.
I am left to wonder if the government has not only exceeeded their authority, but exceeded their ability.