Ronald Reagan once said:Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Is there no finer example of this concept than our government's hundred year relationship with the American auto industry?
Before you answer, consider the following Wall Street Journal editorial published Wednesday (h/t Tapscott's Behind the Wheel via Instapundit):
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Thursday, January 29, 2009
Do Bailouts Prove Reagan's Point Re: Government's Economic View?
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