*"Woodrow Wilson regarded himself as the personal representative of the people. 'No one but the President,' he said, 'seems to be expected to look out for the general interests of the country.' He developed a program of progressive reform and asserted international leadership in building a new world order."
Quoted from Wilson biography at whitehouse.gov
And just like Mr. Obama, Wilson thought government could also run business better than the private sector and here's the story behind the government run steel mills :
In 1913, thinking the U. S. Navy was being overcharged by the steel companies for armor plate for warships, the federal government decided to build its own plant. It estimated that a plant with a 10,000-ton annual capacity could produce armor plate for only 70% of what the steel companies charged.
When the plant was finally finished, however — three years after World War I had ended — it was millions over budget and able to produce armor plate only at twice what the steel companies charged. It produced one batch and then shut down, never to reopen.
* Cartoon snatched courtesy of the Onion
No comments:
Post a Comment