Isn't it great to be ruled by the best and the brightest?

[C]onservatives believe that even our smartest friend is no match for the collective wisdom of the marketplace. If we were to wake up and find that someone we knew well had been given control over some important part of the economy, the conservative would not likely think, “Everything will be fine now that Harry’s in charge.” Far more likely we’d be saying to ourselves, “If it weren’t for his wife, Harry would be wearing red and purple socks every day—and we’re giving him that kind of power?”

Mr. Obama and his team appear to be unburdened by such modesty.

Detroit is in decline because its automotive giants no longer build the kind of cars Americans want to buy? Let’s have the president sack the CEO of General Motors, and then use the bailout money as leverage to appoint a car czar and get GM and Chrysler to build the kind of cars that Washington wants.

Wall Street execs are getting sweet bonuses at a time when millions of other Americans are unemployed? Well, instead of encouraging these financial concerns to pay back the Troubled Asset Relief Program monies and get the taxpayers off the hook, send in Ken Feinberg to set their salaries.