Shikha Dalmia on How Government Is Milking the GM Recall Tragedy

Both GM’s besieged new CEO Mary Barra and NHTSA
(National Highway Transportation Safety Agency) chief David
Friedman testified before Congress last week about the company’s
unfolding recall scandal.

But while Barra struck a contrite pose for knowingly releasing
defective Cobalts and other cars on the roads, Friedman, whose
agency also ignored some pretty big red flags, blamed his agency’s
tiny $800 million budget for its failure to do its job.

But far from telling him to go take a hike, notes Reason
Foundation Senior Analyst Shikha Dalmia, lawmakers are
contemplating bills which will directly transfer cash from the
pockets of car buyers to those of Friedman and his ilk.

View this article.