This report confirms what conservatives have long argued: Obama is dragging the government into sectors of the economy in which it has little competence:
A report to be released [today] by the Treasury Department’s Special Inspector General for the Toxic Asset Relief Program (SIGTARP) will contend that President Obama’s push for General Motors and Chrysler to close thousands of dealerships across the country as part of their government bailouts “may have substantially contributed to the shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls, all based on a theory and without sufficient consideration of the decisions’ broader economic impacts.”
The SIGTARP report will further contend, according to Rep. Darrell Issa, the ranking minority member of the House Oversight and Government Reform Committee that it is questionable whether the closings were “either necessary for the sake of the companies’ economic survival or prudent for the nation’s economic recovery.”
You are surprised? Obama’s notion that pristinely apolitical technocrats with great resumes can flip all the switches, turn the knobs, and get the economy purring is exploding before our eyes. The government doesn’t create wealth by massive spending, doesn’t do a better job than the private sector in running industries, and has an agenda based not on economics but on politics (e.g., protecting unions, sparing a vulnerable congressman).
More than the specific maladies of ObamaCare (which are many), this is the core problem with Obama’s great legislative “accomplishment”: it assumes that a centralized bureaucracy can do a better job of containing costs and maintaining quality care than the hundreds of millions of citizens making daily decisions with their doctors. With each revelation — for example, that choice in doctors will be severely restricted — the public gets an inkling that the one-size-fits-all federalized health-care system is going to be every bit as expensive and every bit as objectionable as the nationalized health-care systems that have been tried out in other Western democracies.
All of this is a fine argument for government to do less, not more. Much less.