Contributed by: filbert Wednesday, February 11 2009 @ 01:09 PM CST
The Cato Institute’s William Niskanen[*1] :
This is the fifth time in my adult life that the president has asked for or asserted unprecedented authority on an expedited basis with little or no congressional review. Each of the prior occasions turned out to be a disaster.
The five crises?
August, 1964, the Gulf of Tonkin incident,
August 15, 1971, Nixon imposes wage and price controls,
October, 2002, Congress approves the Iraq War,
October, 2008, Congress approves TARP (aka Bailout 1.0),
And now, February, 2009, Congress approves the Spendulus
They appear to be coming quicker and quicker now, don’t they?
Hail the Fuehrer! Bow Down to the One! OBEY.