Just when I think the Obama administration couldn't do anything more unwise, he announces that the government will ensure that all American-made cars receive warranty coverage.
Why do I believe that's so unwise?
1. Can you just imagine: The government will have to set up inspection centers to verify, for example, that a balky engine is caused by a factory defect rather than the need for new spark plugs, which is the owner's responsibilty.
2. As with many government giveaways, many people will fabricate claims. Think of how much fraud exists in, for example, welfare and Medicare.
Is it really worth yet more of our tax dollars to create yet another bureaucracy to prop up an industry that makes bad, overpriced cars, thereby stifling competition from new companies that might build excellent ones?