The Supreme Court has lifted its stay on the Chrysler deal. It had been a pleasant 24 hours, thinking that just a touch of sanity still existed. It is both disheartening and frightening to see all three branches of our government ignore the rule of law "for our own good." I had hoped that the Supreme Court would shine a light on the Administration's legal steamrolling. That little Pollyannaish flicker of rationality has been snuffed.
link to Bloomberg article
In another legal development today, Obama proposed making "pay-as-you-go" the law. This would require Congress to offset any increased spending with an equal amount of cuts elsewhere. After pushing through a record massive "stimulus" package that is leaving us with a record massive deficit and after embracing trillions in government loans and guarantees, the Administration wants us to believe that it is and has always been fiscally conservative.
In his speech announcing the proposal, Obama said, "Paying for what you spend is basic common sense." The mind reels.
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