You have GOT to read the whole thing.
What are the Beltway politicians buying with all the hundreds of billions of dollars they are spending?
They are buying what politicians are most interested in — power.
In the name of protecting the taxpayers' investment, they are buying the power to tell General Motors how to make cars, banks how to bank and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise.
This administration and Congress are in a position to do what Franklin Roosevelt did during the Great Depression of the 1930s — use a crisis of the times to create new institutions that will last for generations.
Wednesday, January 28, 2009
Quote of the Day #2
From a Thomas Sowell piece I found through The Smallest Minority.