Wednesday, February 24, 2010

What happens to competitors when the government gets into the car business


Here’s an interesting piece from Hot Air on the zeal with which the government (which owns a big piece of General Motors) is pursuing Toyota safety defects.

It ends with this:

The larger issue is the Obama administration’s crony capitalism, and the way it erodes trust in our government. The administration staffed up with the people who caused the financial crisis. It cut backroom deals to turn our health insurance into a public utility. And it bailed out Government Motors to aid its Big Labor muscle. Against this backdrop, when the feds start investigating the steering on Toyota Corollas and Matrixes, one wonders whether the same zeal will be given to the Chevrolet Cobalt, which has more than ten times as many NHTSA complaints.

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