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President calls for an end to government-granted privilege
Posted By Matt Mitchell On January 22, 2013 @ 5:11 pm In Government-Granted Privilege | Comments Disabled
As expected, there were a number of beautiful words  in the President’s Second Inaugural. In my view, the most-beautiful were:
The patriots of 1776 did not fight to replace the tyranny of a king with the privileges  of a few, or the rule of a mob. They gave to us a republic, a government of, and by, and for the people.
(Okay, so the POTUS didn’t provide a hyperlink to my Mercatus paper on government-granted privilege, but maybe the Government Printing Office will one day add one).
In any case, one can only hope that this is a signal that the president has decided that the time has come to abandon government-granted privileges. No more bailouts of particular firms like GM (or, more accurately, certain of GM’s creditors  but not others). No more expected bailouts  that allow firms like Fannie Mae to borrow at significantly lower interest rates than their competitors. No more subsidies to farmers . No more regulations that require  consumers to buy certain products such as health insurance. No more tax breaks for manufacturers  just because they make things rather than provide services. No more loan guarantees for certain energy firms  because they make politically correct products. No more monopoly status for the USPS. No more price supports for sugar producers or tariffs that benefit domestic makers of solar panels .
Hopefully, this signals a new era of non-discriminatory democracy. I won’t hold my breath.
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URL to article: http://neighborhoodeffects.mercatus.org/2013/01/22/president-calls-for-an-end-to-government-granted-privilege/
URLs in this post:
 beautiful words: http://www.washingtonpost.com/politics/president-obamas-second-inaugural-address-transcript/2013/01/21/f148d234-63d6-11e2-85f5-a8a9228e55e7_print.html
 privileges: http://mercatus.org/sites/default/files/The_Pathology_of_Privilege-Final_2.pdf
 Image: http://mercatus.org/publication/beyond-bailouts-what-cronyism
 creditors: http://online.wsj.com/article/SB10001424052702303768104577462650268680454.html
 expected bailouts: http://www.amazon.com/Reckless-Endangerment-Outsized-Corruption-Financial/dp/1250008794
 farmers: http://farm.ewg.org/
 require: http://en.wikipedia.org/wiki/Individual_mandate
 manufacturers: http://www.forbes.com/2011/05/02/eliminate-oil-subsidies.html
 energy firms: http://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf
 solar panels: http://www.bloomberg.com/news/2012-10-10/u-s-sets-anti-dumping-duties-on-china-solar-imports.html
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