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His rationale reveals an astounding lack of historical perspective.
During a May 21st hearing of the Senate Appropriations Commerce, Justice, and Science Subcommittee hearing, the Senator stated, "I believe that manned spaceflight is something that is still in the realm of government, because despite their best efforts, some truly private enterprises have not been able to deliver on plans of launching vehicles."
I guess he missed the successful launch of Space Exploration Technologies' (SpaceX) Falcon 1 rocket on Sept. 28, 2008.
And that's just recent history. Sherman, set the Wayback Machine to 1960: