I'm just about to head off to a commencement here at U Cal Berkeley. The news that keeps banging around in my head is that the state has just announced a whopping 9 percent increase in fees for next academic year, the third fee increase in three years.

The average young person now graduating from college anywhere in America has to repay almost $22,000 of student loans. That's a record, partly because college costs have continued to rise even during the downturn, because states are cutting their support for public universities, and because other sources of college funding have taken big hits -- like home equity loans and 529 plans that allowed families to sock money away for college.

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America now has a full-blown industrial policy. But it's an odd one -- a combination of lemon socialism and taxpayer-financed regulation.

Consider GM and Chysler. To what purpose are our taxpayer dollars being put as we bail them out? Apparently only to help them survive, even as pale shadows of their former selves. Steve Rattner, the Administration's auto expert, explained last month that the government was "making an investment decision. We're not running these auto companies. We are helping them restructure and reposition themselves for the future." Which raises the question: Why bother at all, if a huge portion of their employees and those of their dealers and suppliers are losing their jobs?

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"Don't make the perfect the enemy of the better" is a favorite slogan in Washington because compromise is necessary to get anything done. But the way things are going with health care, a better admonition would be: "Don't give away the store."

Many experts have long agreed that a so-called "single-payer" plan is the ideal, because competition among private insurers who pay health-care bills inevitably causes them to spend big bucks trying to find and market policies to healthy and younger people at relatively low risk of health problems while avoiding sicker and older people with higher risks (and rejecting those with pre-existing conditions altogether), and also contesting and litigating many claims. A single payer saves all this money and focuses on caring for sick people and preventing the healthy from becoming sick. The other advantage of a single payer is it can use its vast bargaining power to negotiate lower prices from pharmaceutical companies, hospitals, and suppliers.

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