Stossel on Obama’s Socialist Plans

“You never want a serious crisis to go to waste.” – Rahm Emanuel, Obama’s designated chief of staff

According to John Stossel, President-Elect Obama’s cynical exploitation of the economic crisis and his trillion-dollar socialist makeover plan will drag our nation further into recession.

So they will “transform our economy.” Obama’s nearly trillion-dollar plan will not merely repair bridges, fill potholes and fix up schools; it will also impose a utopian vision based on the belief that an economy is a thing to be planned from above. But this is an arrogant conceit. No one can possibly know enough to redesign something as complex as “an economy,” which really is people engaging in exchanges to achieve their goals. Planning it means planning them.

Stossel’s most important observation is that “planning it means planning them”. That is of course the whole point of these government programs — to increase the power of the state at the expense of individual liberty. These foolish economic plans are dangerous not only to our economic well-being but to our basic liberty as well.

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