I don't have trouble with privatization, if it evolves out of market forces unlike this. This reeks of cronyism and gives monopoly power. Of course, since monopolies are created by govt not the market. Looks like the mercantilist/corporatists own Obama too.
“Experience should teach us to be most on our guard to protect liberty when the Government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” — James Madison