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.
