 blueridge says: Both the Constitution and history are witnesses that testify that the Stimulus Plan is both a federal usurpation of power and economically stupid, and could CAUSE another "catastrophe". Read the author's review of history on this: Until the 1930s, the Constitution served as a major constraint on federal economic interventionism.....This Constitutional constraint still operated as late as the 1930s, when federal courts issued some 1,600 injunctions to restrain officials from carrying out acts of Congress, and the Supreme Court overturned the New Deal's centerpieces, the National Industrial Recovery Act and the Agricultural Adjustment Act, and other statutes.And this Federal intervention rests on the presumption that officials know how to manage the economySo why is Obama being encouraged by many to pass another "New Deal" when history proves the outcome? This should have been on the front page of the Wall Street Journal. Don't believe this scenario of warning? Cato Institute has documented it here: How FDR's New Deal Harmed Millions of Poor People Mounting evidence, however, makes clear that poor people were principal victims of the New Deal. The evidence has been developed by dozens of economists -- including two Nobel Prize winners -- at Brown, Columbia, Princeton, Johns Hopkins, the University of California (Berkeley) and University of Chicago, among other universities... I think most of us KNOW that what is going on now in Washington a very dangerous to our economy and our Country...it's just how in the world can it be stopped since the majority of our *elected* leadership have surrendered to the current trend? Everyone seems to believe that 'all things will continue as usual' while failing to know that they will not!! |
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