Steve Esposito has some thoughts on President Obama’s proposal to privatize the Tennessee Valley Authority, a massive bureaucracy of electricity generation, flood control, jobs for cousins, patronage and waste. And some cautions about the idea’s prospects.
Republicans in Congress, who you might think would love the idea of privatizing a big federal agency that benefits few while costing many, was quick to oppose Obama’s proposal. Esposito breaks down and answers some of the objections to privatization.
Read it all here.