Posted by
Boris Tiraspolsky on Friday, May 22, 2009 1:16:16 AM
"It is government's job to make and enforce the rules that allow a civilized society to flourish. But it has a dismal record of regulating itself."
Why Government Can't Run a Business
Politicians need headlines. Executives need profits.
By JOHN STEELE GORDON
The Obama administration is bent on becoming a major player in -- if not taking over entirely -- America's health-care, automobile and banking industries. Before that happens, it might be a good idea to look at the government's track record in running economic enterprises. It is terrible.
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