The indomitable Thomas Sowell is wondering why it is that the Obama administration and the Democrats in Congress have been in such a goshdarn hurry to pass an emergency stimulus package, the overwhelming majority of which won't be paid out for years. What exactly are they buying?
They are buying what politicians are most interested in—power. In the name of protecting the taxpayers’ investment, they are buying the power to tell General Motors how to make cars, banks how to bank, and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise.Like doctors, for example, who could face tax penalties if they insist on offering their patients procedures that haven't yet met the approval of yet another federal medical gatekeeper. Because clearly the problem with American medicine is that the federal government doesn't hold enough sway in your physician's office. For all the talk of helping out Main Street and saving us all from the next Great Depression, let's not forget what Rahm Emmanuel so helpfully reminded us, "a crisis is a terrible thing to waste".