Meet The New Boss, All 535 Of Them
Congresswoman Bachmann has a great piece on how Congress is unsuited to run businesses. (emphasis mine)
Sphere: Related ContentOne of the many problems with the federal government controlling a private company like GM is that each Congressman in Washington will be looking our for their own state or district’s interests — even if that works against the interest of the company they are running.
Take, for instance, Massachusetts Congressman Barney Frank. Congressman Frank put a call into GM CEO Fritz Henderson on behalf of a GM distribution center in Norton, MA that was slated for closure as part of GM’s restructuring plan. After talking with the Congressman, the decision to close the center and put about 90 people out of work was reversed. I’m not faulting Barney Frank for his actions–no Representative wants to see closures in his or her district, but this exemplifies how unsuited the federal government is in running private enterprise.




