I hear it again and again, even from some pro-business conservatives:Hey, I have no sympathy for AIG and the automakers and the banks. When you take government money, you can expect the government to tell you what to do. Besides, some of these companies are wasteful, charge too much, and their salaries are too high.Well, if that's so, then why doesn't the government intervene to run our universities, which consume huge amounts of government money? Why don't President Barack Obama and the Democratic Congress dictate marching orders to university presidents? Why not fire the bad ones? Why aren't Barney Frank and Chris Dodd calling in provosts to explain themselves?
Truman couldn't nationalize the steel industry during the Korean War, why can Obama nationalize the car industry? If you can justify the take-over of the car industry but the above suggestion seems just silly, I'm curious to know why.