Yes, which is part of a wider narrative in the US that insists everything must be privatized because the government cannot be trusted or is otherwise incompetent.
The irony I’ve always found in that statement is that while it’s true that the government can’t be trusted and is generally incompetent, it’s also true of private companies. So even though it’s a true statement at face value, it’s still not a good argument for privatization which is just trading one set of incompetent and corrupt people for another set of the same but with even less oversight.
