Wednesday, November 19, 2003

The Guaranteed Recession Act of 2005

Howard Dean is revving up the anti-corporate faithful with a plan for 're-regulation' of, it seems, pretty much every industry he can think of. What better way to inspire consumer confidence than to have every major company micro-managed by a slow moving bureaucracy with no direct stake in the outcome of their actions? And with more government control over corporate practices, I don't suppose that would inspire even more rent-seeking lobbying to get Congress to write the rules in a way that disadvantages competitors or erects greater barriers to entry in the market. I would have thought it would be a tough contest, but Dean has easily captured the Most Idiotic Policy Announcement of the Democratic primary so far. It makes Kucinich's Department of Peace look like the flat tax.


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