Tuesday, September 16, 2008

President: Commander in Chief, Not Commander of the Economy

Walter Williams, one of the country's finest economists and public intellectuals, says it so clearly here: The President is not master of the Economy! In reality, Williams needn't have said this. It's in the Constitution. Or rather, it's not there. No mention of the economy that is. No where in that hallowed document is there any power given to the president to create jobs, provide housing, healthcare, change interest rates, do any kind spending or levy any kind of tax. So why so much fuss about how the president needs to 'fix' our ailing economy?

Tell um Walt!

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