Nowhere in our nation's governing document can one find a presidential power to regulate the minutiae of private business, much less take ownership of those private businesses. Yet that is how Barack Obama is wielding his ever-increasing power, despite taking an oath to "faithfully execute the Office of President of the United States, and ... to the best of my Ability, preserve, protect and defend the Constitution of the United States."

"President Barack Obama announced plans on Tuesday for a national fuel-economy and greenhouse-gas standard that would significantly increase mileage requirements for cars and trucks by 2016," Politico reports. The fuel standards will require that automakers reach an industry average of 35.5 miles per gallon within just seven years. The current average is 25 mpg. Congress is working on legislation for $25 billion in further loans to the auto industry to pay for the change, which will likely cost upwards of $100 billion.

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