Bottom line.

If public corporations want to participate in the economy, the trade and exchange of goods and services, they have to be players. They cannot just stand on the sidelines, yelling encouragement and keeping score. Nor is it enough to let the players filch from the public purse, like runners in a marathon grabbing a quick drink. It’s not so much a matter of not being hors the combat, since the economy isn’t a contest or a conflict; it’s more a matter of not trying to be a music director, when one can’t read the score. Fact is that our public corporations have become the refuge of the incompetent and the incontinent. Republicans, in particular, suffering from diarrhea of the mouth.

It’s a fascinating spectacle. We have to practice looking away.