Calming the howling mob March 23, 2009
Posted by wonderingin in Regulation, The Economy.trackback
Having last week stoked the fire of the howling mobs calling for blood (ruinous taxation), President Obama this week is expressing some doubts as to whether the House passed excise tax on AIG bonuses is constitutional.
Lynch mobs are a bit like grass fires. They are so easy to set but can quickly burn out of control when whipped higher by strong winds.
The President is playing with fire and he should know better. We will suffer the consequences.
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