Here's John Stossel on [the President-elect's] plans to remake the economy because of the recession.
He begins with a couple of quotes:
"Painful crisis also provides us with an opportunity to transform our economy to improve the lives of ordinary people," - Barack Obama
"You never want a serious crisis to go to waste" - Rahm Emmanuel
So they will "transform our economy." [the President-elect'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.
[the President-elect] and Emanuel want us to believe that their blueprint for reform will bring recovery from the recession. Yet we have recovered from past recessions without undertaking a radical social and economic transformation.
In fact, reform would impede recovery.
This is not the first time a president chose reform over recovery. Franklin Roosevelt did it with his New Deal, and the result was long years of depression and deprivation.
Later on, he digs up the scariest quote of all. This is from FDR's 2nd Inaugural address:
"To hold to progress today, however, is more difficult. Dulled conscience, irresponsibility and ruthless self-interest already reappear. Such symptoms of prosperity may become portents of disaster! Prosperity already tests the persistence of our progressive purpose."
We're already seeing grousing that the current stretch of cold weather is going to interfere with funding for initiatives to fight Global Warming. Is there anything that would be more disheartening to the current batch of "Progressives", whose economic and governmental ideals shouldn't have survived the age of feudalism, than a nice, quick economic turnaround?