The Death of Common Sense (3/24/09)
This year, TARC will no longer be handling shuttles to and from Churchill Downs on Oaks and Derby Day. Even though the company that WILL be doing the job is charging much higher fares, requiring everyone to purchase round-trip tickets and using fewer buses - many of them un-air-conditioned school buses.
What could explain such a ridiculous scenario?
If you said "New federal regulations," you win. Apparently, our leaders in Washington think public companies that receive government subsidies - such as TARC - shouldn't be allowed to compete with private companies in the bidding process for special charters. Even when they can offer the best service at the best price.
I'm sure the Feds would say they're trying to protect the private business owners. But whatever happened to protecting the consumers who get short-changed in the deal?
And in the same vein, I know the AIG bonus debacle has been discussed to death, but how can executives there think it's OK to reward the company's failure by granting 165 million dollars worth of bonuses right after accepting over 170 BILLION dollars in government bailout aid? Do no alarm bells go off in anyone's head when such a thing is even suggested??
I've believed for some time now that we've been witnessing the slow death of common sense in America. But incidents like these make me think the process has speeded up considerably.
Let us know what you think.
I'm Bill Lamb, and that's my...Point of View.