Who to Trust?

In relation to Steve Rattner, President Obama's auto industry adviser, and the New York pension investigation, the WSJ noted it was "growing evidence of corruption by officials who use their power over public pension funds to shake down private companies. This is the same political class that has been blaming banks for "greed" in the financial crisis. The pension fund scandal exposes the myth of the superior virtue of the public and nonprofit worlds. Greed is universal. And the opportunity for corruption is enormous when political discretion is tied to vast sums of public money."

The love of money is the root of evil. Americans should not be so naive as to believe that because an individual is a "public servant" they are immune to the pressures and temptations of the private, "for profit" world. The reality is, all people seek profit. We should therefore limit the amount of power, money, and blind trust we give to our "civil servants".