Tuesday, March 24, 2009

"Political Malfeasance"

If you are like me, trying to make sense of Tarp bills, the omnibus bill, AIG bonuses, Mexico, China, inflation, debt, NAFTA, and trying to wrap your mind around how we are spending TRILLIONS freely, then you might want to read George Will here.

He ends with this:

This is but a partial list of recent lawlessness, situational constitutionalism and institutional derangement. Such political malfeasance is pertinent to the financial meltdown as the administration, desperately seeking confidence, tries to stabilize the economy by vastly enlarging government's role in it.

You might need to grab a dictionary to get through his article, but it's good and it's sums things up well.

The simple translation though is that our constitution is under attack. Congress and Obama are using this economic mess to expand government into our lives to a degree not seen before. In doing so they are making things worse.

Scary Update: This is exactly what Will was talking about: (msnbc)

WASHINGTON - The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

The government at present has the authority to seize only banks.

Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process.

Glenn Beck, call your office.