Obama Administration: “Totally Clear” That Government Should Run Companies
Posted June 8th, 2009 at 2.52pm in Enterprise and Free Markets.
Obama administration Council of Economic Advisers member Austan Goolsbee was on Fox News Sunday yesterday defending Obama’s intervention in the economy. In the clip below, he is actually defending the White House’s new pay czar, but his logic applies equally well to any of Obama’s new companies, from AIG to Citibank to Fannie Mae and Freddie Mac to General Motors:
It is totally clear that if the government is saving your bacon and giving you money, that they have some input on whether you are wasting the money or what you are doing with the operation. I don’t think anybody disputes that.
Watch:

June 8, 2009 Elizabeth, Washington, DC writes:
It would be nice to see the rest of what Goolsbee has to say. I am scared to see what happens next. Will American citizens and lawmakers will become complacent and continue to let this kind of large-scale economic interference occur, or will somebody realize that this kind of governmental behavior is straying farther and farther away from this nation’s basic principles. Maybe we will have to wait for outcry until the government starts controlling handout recipients on an individual level…welfare? There’s more discussion on this topic at http://americantravisty.wordpress.com/, hopefully people will start waking up to the reality of Obama’s economic strategies.