Bill Sammon on Fox News Sunday is now worried about the expansion of Presidential powers. This coming from one of the biggest Bush cheerleaders on the planet.
Wallace: Let me ask you about that. I mean with all the craziness that we've had about derivatives and credit default swaps, isn't there a role for the government to play to step in and say here are the rules of the road, here are some standards?
Sammon: Well that's it. There is a role. And I think Juan and Bill are making this into an all or nothing. In other words you're either going to have no regulation or all pervasive regulation as Nina has described. I think conservatives are right to be concerned that Obama is using this as a pretext for a wide power grab. Never waste a good crisis seems to be the motto of this administration and I think the fear is that a) you can't, I think conservatives feel you can't trust this administration to, to grab that much governmental authority where you regulating not just banks but insurance companies and hedge funds and a whole host of financial institutions. And b) and perhaps more importantly, can you trust future administrations to do this. Who knows who's going to be in power in the future. And you're going to give this broad authority that you'll never get back.
Yeah gee Bill you're right. You never know who might be President in the future. It could be someone who decides to invade other countries that aren't a threat to us or spy on us, or think torture is legal...or...oh never mind. Too late for that. Project much Mr. Sammon? And heaven forbid anyone regulate these industries that have driven our economy into a ditch. The horror of doing that! Hey let's just keep everything the way it is now. What could possibly go wrong?
