Friday, September 18, 2009

Power Corrupts

"Power tends to corrupt, and absolute power corrupts absolutely."...Lord Acton

We all have ideas that we believe to be important. For example, here I am writing a blog with the hope that anybody will read it and that if they do, I can change something. I, however, am pretty harmless. I will write what I think, and a few people will read it. Some may agree with me and others will not. There is an outside chance that my thoughts will reach somebody with some influence and power, but even if that happens, they are the ones with the power, not me.

But when we elect people to public office, we empower them to act on our behalf in ways that effect all of us. By electing them, we give them immense power. The higher the office, the more power they obviously have. And they have ideas that they think are important too. The difference is that they are in a position to do something about it.

When our economy was on the brink of collapse, those that we elected rushed to pass a bill to pull us back from the edge. That is what they should have done. But they had some important ideas about how government should run. They thought that as long as they had to pass a bill, they would spend $800,000,000,000 on a lot of things that had nothing to do with rescuing the economy.The economy appears to be recovering and only a fraction of that money has been spent, but it will be spent anyway. Most economists expect a slow and tenuous recovery, and many would attribute that, at least in part, to the policies in Washington.

There is little doubt among those in the financial world that something had to be done. But last November we gave Democrats something they had not had in decades. We gave them the Presidency, a large majority in the House of Representatives and a filibuster proof majority in the Senate. I am not a big fan of the two party system, but that is far superior to a one party system. A one party system is what we gave the Democrats. We gave them more power than any political party has had in a very long time.

Among other things, we have had imposed upon us, in rapid succession, an economic bailout bill that goes far beyond bailing out the economy. The House has passed a Cap & Trade bill that, if passed by the Senate, many believe will not resolve the problems it was purportedly designed to remedy, but will hurt the economy that the bailout bill was intended to fix. Now there is an emergency to pass a health care bill that will give government unprecedented control over our lives and a large chunk of our economy.

Washington DC has a habit of making a mess of things as it is, but when we give one party such unchecked power, we can expect unchecked corruption.

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