US underwriting car warranties

This post was written by Beo on March 30, 2009
Posted Under: Auto Industry, FAIL!, Socialism

I never imagined that the free market could fall under government control so quickly and thoroughly as to produce such nonsense as this.

Read Ed’s post at Hotair for the details, but pay special attention to his final paragraph:

Government does not belong in the business of offering auto warranties.  Two years ago, that would have been so obvious as to elicit derisive laughter for even mentioning it.  But when we get a bunch of used-car salesmen in the White House and Congress, this is the result.

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