A Command Economy

These headlines describing "extraordinary intervention of the federal government into the management of a private company" indicate that that's where the current régime is leading us — Obama Demands Strong Business Plan from Auto Industry and GM Chief to Resign at White House's Behest.

There's nothing wrong with strong business plans and CEOs of failed companies resigning, but how many of us believe Washington capable of calling such shots? The markets would have forced these same changes at no cost to American taxpayers. But of course, this is just the type of decisive action that the people are told they demand.