Archive for the ‘Obama Administration’ Category
The USSC upheld Obamacare by, basically, twisting the Constitution into a pretzel, crapping on it, whizzing on that and then eating it.
Finding first that the Commerce Clause bars the government from compelling one to enter into commerce, the analysis then turned to whether there was any way to save the constitutionality of the act.
The justices found one.
They re-interpreted the penalty clause as a tax.
And of course, Congress can levy taxes.
That’s the path taken by this tortured process — a path that could only be dreamed up if someone had already determined the outcome they sought instead of being an independent jurist.
The real surprise, however, is that Chief Justice Roberts, believed to be a strict constructionist on the court, managed to not only agree with this piece of tortured logic he found and constructed it as the opinion is his!
So much for judicial restraint and strict construction!
You really ought to read the dissent that starts on page 127 of the opinion. Justice Scalia, Thomas, Kennedy and Alito eviscertate the majority, saying in part:
Here, however, Congress has impressed into servicethird parties, healthy individuals who could be but are not customers of the relevant industry, to offset the undesirable consequences of the regulation. Congress’ desire to force these individuals to purchase insurance is motivatedby the fact that they are further removed from the marketthan unhealthy individuals with pre-existing conditions, because they are less likely to need extensive care in the near future. If Congress can reach out and command even those furthest removed from an interstate market to participate in the market, then the Commerce Clause becomes a font of unlimited power, or in Hamilton’s words, “the hideous monster whose devouring jaws . . . spare neither sex nor age, nor high nor low, nor sacred nor profane.” The Federalist No. 33, p. 202 (C. Rossiter ed. 1961).
What little was left of The Constitution died today, June 28th, 2012.
And incidentally, the math on federal health spending coupled with this decision means that by the time a 55 year old man reaches 85 (his life expectancy, roughly) the Federal government will be attempting to spend roughly $15 trillion a year on health care.
(No it won’t, no we won’t get that far, and the detonation of our government on the fiscal side is now assured — or your health care will be sacrificed. This is mathematics, not politics.)
At times it really is breathtaking how corrupted the U.S. government has become. Government corruption has become so endemic in our society that most people have just kind of accepted it as “normal”. But shouldn’t we all get hopping mad when we learn that the Federal Reserve sent billions of dollars in bailout money to addresses in the Cayman Islands? Shouldn’t we all be furious when one of the leading candidates for the 2012 Republican presidential nomination, Mitt Romney, declares that he is “not going to spend my time focusing on the Federal Reserve”? Shouldn’t we all be alarmed when Nancy Pelosi gives a speech in which she says that “elections shouldn’t matter”? Shouldn’t we all demand that someone be held accountable when we find out that a CBO analysis shows that the “$38.5 billion” in spending cuts will only reduce the budget deficit for this year by $352 million dollars? On top of everything else, shouldn’t we all be absolutely horrified when the TSA gropes little 6 year old girls and virtually none of our politicians demand change?
$38.5 Billion In Budget Cuts Is Really Just $352 Million In Deficit Reduction?
Yesterday I wrote about how a close examination of the “budget cut deal” reveals that the 38.5 billion dollars in budget cuts are largely illusory.
However, even I was not ready for what the Congressional Budget Office had to say about this deal. What I read in the Washington Post today absolutely floored me. According to the Washington Post, the Congressional Budget Office is saying that the budget deal will only cut the budget deficit for this year by less than one percent of what was being claimed by Republican and Democrat leaders….
The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.
What a joke.
The reality is that U.S. government is increasing by over 2 million dollars every single minute. So the entire “savings” from this “budget deal” will account for approximately 3 hours of government spending.
Look, the U.S. government ran a budget deficit of $188 billion dollars for the month of March alone. We are in debt up to our eyeballs and it is getting worse at a mind blowing pace.
When are people going to wake up and realize that neither political party is the least bit serious about dealing with our debt problem any time soon?
The Federal Reserve Sent Billions In Bailout Aid To Millionaires and Billionaires In The Cayman Islands
Most Americans don’t even understand what the Federal Reserve is, and yet they get to throw trillions of dollars around while being more or less completely unaccountable the entire time.
In a new article for Rolling Stone (which is a must read), Matt Taibbi exposes some of the folks that the Federal Reserve has been sending money to….
The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”
How in the world does it benefit the American people to send billions of dollars to some ultra-wealthy people down in the Cayman Islands?
In light of what we have already found out, it is absolutely amazing that Congress is still refusing to authorize a complete audit of the Federal Reserve.
The corruption of the Fed is crying out to be investigated.
Unfortunately, many of our top politicians are openly declaring that they have no intention of going after the Federal Reserve.
Mitt Romney Declares That He Will Not Be Going After Ben Bernanke Or The Federal Reserve
In case anyone needs one more sign that Mitt Romney is just another shill for the establishment, just check out the two statements by Romney below.
According to Politico, Romney recently told CNBC’s Larry Kudlow that he is not concerned about the Federal Reserve at all….
“I think Ben Bernanke is a student of monetary policy; he’s doing as good a job as he thinks he can do,” Romney said when Kudlow asked what kind of job Bernanke is doing. “I’m not going to spend my time going after Ben Bernanke. I’m not going to spend my time focusing on the Federal Reserve.”
That’s just great. The Republican candidate with perhaps the greatest amount of “establishment support” says that he thinks that Bernanke is doing a good job and he does not plan to spend any time focusing on the Federal Reserve.
So if Romney gets in the Federal Reserve will continue to be able to dish out trillions to their friends without any interference.
Nancy Pelosi Declares That “Elections Shouldn’t Matter”
How are we supposed to respond when the top Democrat in the House of Representatives declares that “elections shouldn’t matter as much as they do”?
During a recent speech, Pelosi implored establishment Republicans to “take back your party” so that elections won’t “matter” as much….
To my Republican friends: take back your party. So that it doesn’t matter so much who wins the election, because we have shared values about the education of our children, the growth of our economy, how we defend our country, our security and civil liberties, how we respect our seniors. Because there are so many things at risk right now — perhaps in another question I’ll go into them, if you want. But the fact is that elections shouldn’t matter as much as they do… But when it comes to a place where there doesn’t seem to be shared values then that can be problematic for the country, as I think you can see right now.
Apparently what Pelosi wants is for America to go back to a time when all of us just went along with the false left/right paradigm and when we were all content to sleep while the establishment agenda rolled right along.
Well guess what Nancy? Some of us are starting to wake up.
6 Year Old Girl Molested By The TSA
How far have we fallen as a nation when a 6 year old girl has to have her private areas touched in public by the TSA before she is allowed to get on an airplane?
America is becoming a very strange place.
The following is video that was posted on YouTube of the recent incident involving a 6 year old girl….
So is this what we have become as a nation?
Will we subject ourselves to anything as long as the authorities insist that it will keep us a little bit safer?
Pretty soon America is going to be unrecognizable.
I have previously written about how in one town in Missouri, girls scouts have actually been banned from selling girl scout cookies in their own front yards.
How crazy is that?
In Cleveland, authorities haves announced plans to have “trash supervisors” go snooping through trash cans to ensure that people are actually recycling according to city guidelines.
The control freaks we keep voting into office seem to have an obsession with running ever detail of our lives.
In many areas of the nation we aren’t even allowed to do acts of kindness anymore.
For example, in Houston, Texas a couple named Bobby and Amanda Herring that had been feeding homeless people for over a year has been banned by the city from doing so.
So what is next?
Are they going to ban kids from taking lunches to school?
It is already happening….
At one public school in the Chicago area, children have been banned from bringing their lunches from home. Instead, it is mandatory that they eat the food that the cafeteria serves.
Meanwhile, the Federal Reserve gets to create trillions of dollars out of thin air and they get to send it to whoever they want.
What a country we have, eh?
Our system has become corrupted beyond all recognition. Government corruption is out of control and it is getting worse with each passing day.
So when are the American people going to get sick of all this nonsense?
American Idol is on tonight.
Perhaps all of this can just wait for another time.
After all, who wants to miss what J-Lo and Steven Tyler are going to say tonight?
Those two are really a couple of characters!
Our leaders know what they are doing, right?
We can trust our politicians to act in our best interest, right?
So instead of writing about all of this “doom and gloom”, perhaps I should just lighten up and focus on fun things like American Idol a little bit more.
Posted by Karl Denninger
Jan. 13 (Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein testified today that he was never asked to accept a discount on investment contracts his firm had with American International Group Inc.
The New York Fed said it had to make the payments after banks refused to accept so-called haircuts, according to a November audit from Neil Barofsky, the special inspector of the U.S. Troubled Asset Relief Program.
Had to eh? And they had to…. why?
Banks refused to take less? Lloyd testified this morning that Goldman was never asked!
How can you “refuse” something you’re not asked to do?
Someone’s full of it here.
The people have had it with the lies, theft and fraud. Lloyd also said in testimony that Goldman “might have participated in the froth in MBS”, implying of course that it was “inadvertent.”
Well, I disagree that it was “inadvertent.”
The question is not one of whether someone intentionally, at the outset, set out to screw people. It is whether banks and others intentionally and willfully derogated credit standards and lending requirements and then failed to disclose in a full and fair manner to the buyers of the securities what they had done, what they were omitting and what they knew – and when they knew it.
Is that illegal? Whether it is or not it damn well should be to push securities to investors while in constructive or actual possession of knowledge that you’re intentionally omitting - and that would impact their value.
As early as the spring of 2007 this information was in the press - that “stated income” loans were predominantly fraudulent. That is, the majority of them were made with the borrower’s income not matching what they “stated”, with first warnings appearing in mainstream print media in 2006!
One lender recently compared 100 stated-income loans with the borrowers’ tax returns and found that only 10 of the borrowers were telling the truth about their wages, according to Mortgage Asset Research Institute, a division of data firm ChoicePoint Inc.
Sixty of the borrowers had exaggerated their incomes by more than 50%, according to the institute, which didn’t identify the lender. (September 29th, 2006)
For two years longer the band played on, the banksters and government officials, including The NY Fed and Federal Reserve itself ignored the issue, and took no enforcement action of any material sort.
“The politics on this is really quite easy,” said Doug Elliott, a fellow at the Brookings Institution in Washington and a former managing director at JPMorgan Chase & Co. “The public would be supportive of anything up to shooting and burning the bankers.”
Damn straight the public would and should. We put Tim McVeigh to death for blowing up a building and killing 168 people while shattering hundreds of lives. These banksters and their accomplices have destroyed the economic lives and futures of tens of millions of Americans and yet they are all, to date, walking free among us and enjoying billions in bonuses!
I’ll settle for hard prison time and the break-up of ALL of these institutions given the admitted and indisputable facts:
Henry Paulson, before becoming Treasury Secretary and while running Goldman Sachs, lobbied for and received a removal of the former 14:1 leverage limit for investment banks in 2004. Every firm that subsequently failed, including Lehman and Bear (which were previously subject to this limit) racked up more than double that amount of leverage in less than the subsequent four years.
We had hard research as early as 2006 that stated income and other “alternative” financing programs were rife with fraud – that in fact half or more of all mortgages under these programs were being made to people who overstated their incomes by 50% or more. The banks knew it, the ratings agencies knew it and the government knew it. Yet none of these institutions applied a proper haircut to borrower incomes when they ran their rating and performance models. This was not an accident – it was an intentional act as that knowledge was in the marketplace!
Some investment banks not only failed to disclose this clearly in their offering prospectuses they pretty clearly knew it and were making trading decisions based on it, given that they were shorting the very instruments they were assembling and selling to customers, representing to those customers that these were “good product.” Arguments that this was “simple hedging” flies in the face of the fact that one who is actually distributing product (as opposed to taking a position for or against that product) has no real reason to be long or short, do they? Indeed, find me just one offering prospectus from 2006 or 2007 that disclosed that these studies had shown that half or more of the “stated income” loans in these securities were made to someone who had intentionally overstated their income by 50% or more. I’ve not been able to find even one offering prospectus in which this was properly disclosed.
These investment banks, in addition to selling these securities to investors around the world, also marketed these products to PENSION AND MUTUAL FUNDS that Americans rely on for their retirement. These Americans were SEVERELY damaged and will NEVER recover the value of these so-called “securities” that were in many cases worth essentially NOTHING.
The above fraud in the lending and securitization marketplace harmed most Americans by creating false upward price pressure on every home in America. Each and every American who did not lie during the 2003-2007 period when they purchased a home was harmed by overpaying for a house. Each and every American who was falsely led to believe that their home value had in fact appreciated when it had not, and acted on that belief (taking a HELOC or refinancing) and now finds themselves underwater, was harmed. And each and every American who was unable to buy a home due to insane price “appreciation” that was in fact false was harmed. These harms are real, they are material, they can be reduced to a money amount and in aggregate amount to trillions of dollars.
Americans were then further harmed by the bailouts and now-outrageous budget deficits that have come from the process of attempting to unwind this mess. The job loss that has resulted has resulted in not nine million Americans being jobless but 34 million, or more than one in ten of all Americans including those not in the workforce, and more than sixteen percent of all working-age non-institutional persons. This is on top of the “residual” level of unemployment that tends to be impossible to eradicate (about 5%) which means twenty one percent of all working-age adults is currently without a job, an increase of some 300% over the last 18 months.
Americans are damn tired of the lies, the misdirection and the utter failure of The Obama Administration to do what they promised to do – that is, to not be an administration catering to the banksters.
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” Mr. Obama said in an interview on CBS’s “60 Minutes” program on Sunday.
YOU ARE A LIAR MR. PRESIDENT.
You will, as of January 20th, have had one full year to start issuing indictments for the clearly-fraudulent practices that harmed virtually every American and are at the root of the economic mess we are in today.
YOU HAVE REFUSED despite the record and facts being clear and indisputable. The above points are not conjecture, supposition or belief – they are all hard facts.
The harm done to ordinary Americans can be measured in the trillions of dollars and yet you, Mr. President, along with Congress, simply do not give a damn.
If you will not act then we the people must.
We have lawful actions available to us, including organizing mass-removals of funds from the “too big to fail” banks by ALL honest Americans and national strikes.
THE FIRST we’re already doing. Seen http://moveyourmoney.info yet? Some of the biggest Democratic supporters out there ARE DIRECTLY AND PERSONALLY BEHIND THIS EXPRESSION OF DISPLEASURE WITH YOUR ADMINISTRATION.
National strikes are the next logical thing for we the people to start organizing. Hit the government where it hurts – in the tax base. Those who work less pay fewer taxes and that’s all entirely within the law. We don’t have to work as hard and as long as we can.
We can also decide we won’t pay debts that are owed these banks, declaring that we’ll recover our part of the trillions of dollars these institutions stole unilaterally through offsets. Done en-masse there isn’t a thing the banks and credit agencies could do about it, and if done in sufficient numbers as an act of mass protest FICO scores would become meaningless as well.
And finally, we have a say on this outrage come November, and you can bet we’re going to exercise it in earnest unless we see action, right here and now.
As things stand today I assert that your party, who you are the head of, spoke nothing more than campaign LIES intended to convince people to vote for not Democrats but KLEPTOCRATS of which you are both The Commander and Thief in Chief.
From The Daily Capitalist.
Since you give away stuff for free, I hope you aren’t a socialist and ignore my wish list during the annual potlach. By the way, it seems that the Obama Administration is way ahead of you in giving out free stuff to everyone. I hope you can catch up.
I think I’ve been a pretty good boy this year. I have regularly bitten my tongue in my commentary so as not to be accused of being a flamer. I don’t think I’ve defamed anyone. And I try to write as much original material as possible to avoid being labeled a “scraper” (lifting stuff off the Net and publishing it under my own name). And, I haven’t sold out my opinions for mere money. For a blogger, that’s a pretty good record.
Here’s my wish list. I couldn’t find where to post it on Amazon, so here goes:
1. Kill The Bill
No, not the Uma Thurman thing. I’m talking about the health care “reform” bill going through Congress right now. If your magical powers extend that far, please put economic sense into our politicians’ collective heads that government control over the system is not a way to “save money” or create “efficiency.”
2. Put in the Fix
Instead of eliminating market forces in health care, please convince Congress to fix it by peeling back the convoluted rules and regulations that have screwed it up in the first place. Suggest these four little things we could try first that actually would work, save billions, and cover more people:
Give Medicare enrollees a voucher and the freedom to choose any health plan on the market;
Give workers control over their health care dollars with “large” health savings accounts which would allow them to purchase secure health coverage from any source;
Break up state monopolies on insurance and allow insurance companies to compete across state lines; and
Block-grant Medicaid and the State Children’s Health Insurance Program to prevent massive waste and encourage states to target resources to the truly needy.
3. Turn the Sausage Makers into Sausage
I understand it’s Christmas and it would be kind of negative to wish political ill fortune on someone, but, there’s this especially despicable sentator, Ben Nelson, that I would like for you to arrange to catch him with a hooker or taking a bribe. Whatever you think would work, Santa. Make sure there are tapes. I have lots more names, but I’d be happy with Ben.
4. Firing Suggestions
Please arrange for Obama to fire Ben Bernanke, Larry Summers, Timmy Geithner, and Christina Romer.
5. Hiring Suggestions
To replace the above, how about Ron Paul at the Fed, and the following economic advisers: Walter Block, Russ Roberts, and Joseph Salerno. They are all fine economic scholars and would steer our President in the right direction.
6. Freeze Congress
Don’t let Congress pass any more bills until they’ve all read, and discussed with the No. 5 guys, Economics in One Lesson by Henry Hazlitt, the best little book on economics, ever. Televise it.
7. Bring Back the Real Constitution
Please have Obama appoint strict constructionists to the Supreme Court. Nominees who understand natural law, and that the Ninth and Tenth Amendments actually mean something. Maybe we’d get our individual sovereignty back.
8. Make Work is No Work
Let Mrs. Pelosi and Mr. Reid see the folly of the American American Recovery and Reinvestment Act of 2009, a useless $787 billion bill that is nothing other than intergenerational theft. Someone has to pay for it and I’m afraid it will be my children, grandchildren, and ten generations of my great-grandchildren.
9. Beautiful Sunsets
Require Congress to sunset every spending law they pass. You know how they promise that a program will be very effective and that it will only cost so much? Make them prove it, say every two years. If the bill fails to cure the perceived ill, get rid of it. If the program exceeds its budget, get rid of it. It will also provide us with a handy voting guide at election time.
10. Let a Thousand Flowers Bloom
Sprinkle some free market magic dust on the economics departments of our major universities. Maybe that will help the sheep break from Keynesian orthodoxy and actually begin to think.
Thank you, Dear Santa. I’m forever hopeful.
From Dow Jones:
WASHINGTON (Dow Jones)–The U.S. House of Representatives on Wednesday approved a short-term $290 billion extension in the nation’s debt ceiling, delaying a decision until February about a larger increase in the borrowing cap.
The vote comes less than a week after House Majority Leader Steny Hoyer (D., Md.) said he intended to seek a $1.8 trillion increase in the ceiling to support federal government borrowing through 2010.
A decision was made to seek the more modest increase after it became clear the larger increase may have failed to win support in the Senate.
The Senate must still take up the two month increase, which it is expected to do next week.
House lawmakers voted by a razor thing margin of 218-214 to pass the borrowing increase. On most major pieces of legislation, 218 votes are required for approval in the House.
Not a single Republican lawmaker voted to support the hike. They argued that increasing the debt ceiling was giving the Democratic majority and the Obama administration a license to spend more money.
The increase in the debt limit raises the total debt the federal government can hold to $12.394 billion from $12.104 billion.
Treasury officials have warned the current cap will shortly be hit, requiring the ceiling to be increased.
Increasing the debt ceiling is largely symbolic as the public debt is the accumulation of past deficits, or money already spent.
But were the U.S. to breach its debt limit, it would default on its obligations, potentially lose its prized top-shelf credit rating and have to pay significantly higher interest to its creditors
Such a scenario, albeit an extremely unlikely one, would have tremendous ramifications for the wider financial markets.
The federal budget deficit reached historic levels of $1.4 trillion in fiscal 2009. Through the first two months of fiscal 2010, the government is on pace to surpass that level.
As my readers know, every so often I really get fed up with what comes out of Washington (Our Nation’s Capital) and feel the need to vent. My recent irritation is a letter Christina Romer, the president of Obama’s Council of Economic Advisers, published in the Wall Street Journal.
The letter is an apologia for the economic policies she and Summers and Geithner have been recommending to the president. She seems like such a nice lady, and she’s the wife of economist David Romer. Both were econ professors at Berkeley and both studied economics at MIT. But …
Here are some excerpts from her letter, with my comments:
Within a month of taking office, the administration had announced its Financial Stability Plan and signed the American Recovery and Reinvestment Act. The Recovery Act helped stem the decline in spending caused by consumers and businesses reeling from the fall in asset prices and the drying up of credit. Real GDP, which had fallen at a 6.4% annual rate in the first quarter of 2009, began to grow again just two quarters later. …
She seriously believes this. But she has a slight problem with the cause and effect, post hoc ergo propter hoc*, thingie. That is, there is no evidence, theoretical or empirical, that the Recovery Act did anything positive or lasting. Even assuming Keynesian stimulus works, the government hadn’t spent enough money to make it work according to the Keynesian formula. At least that’s what Paul Krugman said. Whatever, no one has ever offered any proof that such stimulus works.
And, as far as I know, PCE (consumer spending) is still very low, asset prices are still declining, and credit is worse.
We’ve already seen from the Recovery Act that spending on infrastructure—everything from roads and bridges to schools and municipal buildings—is an effective way to put people back to work while creating lasting investments that raise future productivity. …
Yadda, yadda, yadda. Again more spending on things the government wants, not the things that the market wants. The jobs are already fizzling. See this excellent article in the WSJ, ironically published on the same day as Mrs. Romer’s piece. The gist is that when the government money ends, the jobs dry up.
Subsequently the president pushed for the Cash for Clunkers program that was successful in boosting demand and job creation. …
All this did was to junk a bunch of good cars, fill the pockets of auto dealers, and appease the UAW. Auto sales are already declining again. It just accelerated future sales of people who would have bought cars anyway.
[A]bout a month ago the president announced the latest in a series of measures to encourage banks to lend to small businesses. …
As we all know credit is still shrinking, not growing. They have tried every trick in the Keynesian book to loosen credit but to no avail. I’m sure this new legislation will be different.
[I]n early November the president signed into law a measure that would provide relief and spur job creation by adding additional weeks of unemployment insurance, cutting taxes for businesses, and expanding and extending the home-buyer tax credit. …
That must have worked really fast, because unemployment, according to the Bureau of Labor Statistics, dropped from 10.2% to 10% in November. Wow, that’s great legislation. But, as we all know, Things Are Not What They Seem. As David Rosenberg pointed out in one of his reports, the government stats look funny because they are so different from what ADP reported.
Despite these positive developments, the job market remains very weak. … American businesses appear hesitant to hire, and are producing more with fewer workers. …
Didn’t she just say that things are getting better?
Tomorrow [the President] will convene a meeting of business and labor leaders, small-business owners, economists and community representatives to discuss our ideas and solicit others for accelerating hiring. … [W]e need to harness the private sector, bringing large and small firms in off the sidelines to boost job creation. …
This is the part that really upset me. First, this is a typical political move. “Let’s all get together and come up with some great ideas!” No offense to the community organizers out there, but getting a bunch of people in a room like this gets nowhere. The best thing they could do is cancel all meetings, and get the hell out of the way.
But what really got me was the “harness the private sector” comment. I hope she didn’t mean it in the way I’m thinking, but if she didn’t then it’s even worse because she doesn’t realize the implications of her policies. When government gets together with business and labor to create policies for political benefit, it is called fascism, or national socialism. The words she used were rather telling: a “harness” is not something I would want to be in. You know who has the whip.
While the words seem innocent, it is all about losing our freedoms. Here’s the conclusion from a piece I wrote about the takeover of GM (in homage to Ayn Rand):
Sometimes it’s hard to see what is happening in front of your eyes. It seems rather benign and logical when you read about it, but it’s not. Nationalizing GM is just good old fashioned fascism–just like what happened in Italy in the 1920s and ‘30s … And now us. If you think I’m exaggerating, it’s probably because you think everything the government does is OK because we’re having a crisis. As Wesley Mouch said in Atlas Shrugged, “We’ve got to act!” That’s how we are losing our freedom, by a thousand cuts.
*Since that event followed this one, that event must have been caused by this one.