I just caught wind of Rep. Paul Ryan’s (R-WI) quip about President Obama’s proposal to have a new government health insurance program compete against private insurers:
Having the government compete against the private sector is kind of like my seven‐year‐old daughter’s lemonade stand competing against McDonald’s.
That understates the case. McDonald’s doesn’t have guns. It doesn’t use coercion or the threat of coercion against its competitors. A better analogy is that Obama’s proposal is like having a kid’s lemonade stand compete against Al Capone.