Mark Steyn on the Obama takeover:
[T]o talk about it in percentages of this and trillions of that misses the point. Itâ€™s not about bookkeeping, itâ€™s about government annexation of the economy, and thus of life: government supervision, government regulation, government control.
Then this daunting bit:
And donâ€™t plan on moving. Ahead of this weekâ€™s G20 summit in London, Timothy Geithner, Americaâ€™s beloved Toxic Asset, called for â€œglobal regulation.â€ â€œOur hope,â€ said Toxic Tim, â€œis that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight . . . â€
â€œGlobal oversight:â€ Hmm. Thereâ€™s a phrase to savor.
â€œWe canâ€™t,â€ he continued, â€œallow institutions to cherry pick among competing regulators and ship risk to where it faces the lowest standards and weakest constraints . . . â€
Just as a matter of interest, why not? If you donâ€™t want to be subject to the punitive â€œoversightâ€ of economically illiterate, demagogic legislators-for-life like Barney Frank, why shouldnâ€™t you be â€œallowedâ€ to move your business to some jurisdiction with a lighter regulatory touch?
Borders give you choices.
Steyn best be careful. He could find himself on trial in Canada again for using the phrases “Barney Frank” and “regulatory touch” together in the same sentence.