PowerLine on Obama’s actions in the auto industry…
This was, perhaps, Obama’s most remarkable announcement:
If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always. Your warranty will be safe. In fact, it will be safer than it’s ever been because, starting today, the United States government will stand behind your warranty.
I wasted a couple of hours today looking for the Automobile Repair Clause in the Constitution, but I couldn’t find it. Again, this intermingling of the state with private (or formerly private) enterprise is a sad echo of intellectual currents that swept through Europe in the 1930s. Resurrecting this sort of state “capitalism” can hardly be considered progress.
This whole thing smells really bad. You can bet that GM will be making “Obamacars” which may or may not be what the market wants. We may be about to find out how well central planning works.
