Comrade Obama
[Venezula Chavez says "Comrade" Obama more left wing
]
Not surprisingly, Hugo Chavez, the dictator of Venezuela, has picked up quicker on what we are doing to our country than most of the people here have done.
Chavez is on the ball when he mentions that the nationalization of GM is particularly important. The symbolism of it is frightening.
What is worse is not only that GM has been sold to the government, more or less. It is that the government is now going to dictate what type of vehicles we can drive. Regulations will undoubtedly relate to what works for the new GM, not necessarily what works for other carmakers or consumers. The government GM will want to maximize its profits, and there is no better way to do that than push out the other manufacturers.
This isn’t a conspiracy theory: it is a basic economic equation. Unless the government’s idea is to dissolve GM, it will do everything it can to succeed, even if it means seriously meddling with the market on its own behalf.
Which begs the question: What is the point of all of this? Everyday there are fewer and fewer reasons for these bailouts and buyouts. Washington’s concept of its role in society is expanding radically, and it ought to be stopped.
