I don’t pre­tend to know all the an­swers to GM’s prob­lems. […] But I do know this: The present level of gov­ern­ment con­trol over the econ­omy does not bode well for this great coun­try.

The Washington Times Weekly - - Commentary -

Gov­ern­ment Motors say about the di­rec­tion of the United States? His­tor­i­cally, we don’t own car com­pa­nies — or banks or in­sur­ance firms. But we do now. Tick them off on your fin­gers: GM, Citi, Amer­i­can In­ter­na­tional Group Inc. Oh, and let’s not for­get Fan­nie Mae and Fred­die Mac, those big, quasi-gov­ern­ment tax­payer-owned hous­ing agen­cies. Cal­i­for­nia is broke and likely headed to bank­ruptcy. Will we the tax­pay­ers own that, too?

Al­to­gether, we’re talk­ing plan­ning, all in the name of a tough eco­nomic down­turn.

I don’t pre­tend to know all the an­swers to GM’s prob­lems. Nei­ther do I know all the mis­cues of the banks and in­sur­ance com­pa­nies. But I do know this: The present level of gov­ern­ment con­trol over the econ­omy does not bode well for this great coun­try.

When I sat down with for­mer Vice Pres­i­dent Dick Cheney for a CNBC in­ter­view, I asked him about all this. He wasn’t happy. Of course, many of th­ese poli­cies ring Chap­ter 11 bank­ruptcy. He did sign on to the TARP bailout of banks as a stop­gap, but he didn’t an­tic­i­pate its even­tual size, scope and sweep. Then, squarely ac­knowl­edg­ing the mis­take, he com­pared Bailout Na­tion to Richard Nixon’s wage­and-price-con­trol pro­gram, which touched ev­ery en­ter­prise in Amer­ica. He called it “a ter­ri­ble mis­take; a huge mis­take.” By im­pli­ca­tion, Mr. Cheney sug­gested that the orig­i­nal Bush bailout pro­gram was it­self

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