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Sending Arsonists to Fight Fires

Posted By Todd Thurman On November 19, 2008 @ 9:24 am In Economics | Comments Disabled

In an Op-Ed [1] peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting fires:

One would think that, since the government created the crisis, they should fix it, right? No. They should STOP interfering with the markets, not interfere more!

They should let lenders make prudent loans and let energy producers produce energy and they should let the automakers get out of this mess without government meddling.

You don’t send folks with gasoline to put out a fire. Congress doesn’t just want to “bail out” the Detroit Three, they want to add their own mandates to make Detroit “green” and thereby make the industry even less competitive. 

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URL to article: http://blog.heritage.org/2008/11/19/sending-arsonists-to-fight-fires/

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[1] Op-Ed: http://www.dcexaminer.com/opinion/An_Auto_Bailout_is_Like_Sending_Arsonists_to_Fight_Fires_111908.html

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