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The Nirvana Fallacy

by John Stossel

President Obama has (http://tinyurl.com/mdemnc) announced his "sweeping overhaul of the financial regulatory system."

We can debate endlessly whether the Constitution authorizes any president to "overhaul" the financial system. But I want to focus on a different matter: whether any president, with all his advisers, is capable of overseeing something as complex as the financial system.

My answer is no, and it is ominous that a bright guy like Obama do ...

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Posted by: Stanley
Comment: #1
Fri Jun 26, 2009 12:50 AM

As always, John Stossel has insight uncommon in his profession. Do we really trust government that gave us Social Security (almost bankrupt), Military Intelligence (isn't that an oxymoron?), and the DMV (enough said) run our economy? We in Oklahoma are blessed with Tag Agencies instead of the DMV for most motor vehicle business. They are private businesses that contract with the State government to perform this task. Believe me, they are much better than having to go down to the government building and dealing with "public servants". They are a business and treats us as customers. I am afraid for my children as this administration is hell bent on giving us government run health care, government run economy, and even government run auto manufacturers. Will GM (government motors) build cars the consumer wants or will they build cars the government thinks the consumer should want? We used to call this communism. During the election, Mr. Obama said that conservatives thinks he's a communist because he is like the boy at school who wants to share his lunch with a classmate who came to school without one. Of course, he is right. That is not communism. It is called sharing and is a highly civilized behavior. It is communism, however, if the teacher should forcibly take his lunch away from him and cut it in half and give half to the poor student without little Barak's consent. Actually, to make the analogy more accurate, she would have to cut the sandwich in 3 and keep one piece for herself.

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