Imagine that some of our Congresspeople–Barney Frank, Chris Dodd, Dennis Kucinich, and Robert Byrd, for example–formed a professional sports team. Baseball, basketball, football–take your pick.
Would anyone invest money in such a team? Would anyone go to watch it, for any purposes other than mockery? I think the answer is pretty obvious.
Well, the average Congressperson probably knows far more about sports than he knows about business. Almost certainly, he watches sports on TV…he may well have played himself in his younger days…whereas the typical Congressional knowledge of business is comparable to a baseball-watcher who doesn’t understand the difference between balls and strikes. Yet this Congress, with the encouragement of the Administration, is arrogating to itself the power to micromanage every business in the country in excruciating detail.