However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.
Thomas SowellNeither the depth of despondency nor the height of euphoria tells you how long either will last.
Thomas SowellThe greatest danger to the liberal vision are facts about the consequences of liberalism itself and the laws, policies, and ways of life that the left has spawned. That the black family, which survived centuries of slavery and generations of discrimination, has disintegrated in the wake of the liberal welfare states is only one example.
Thomas SowellIn various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
Thomas SowellThose who wrote the Constitution clearly understood that power is dangerous and needs to be limited by being separated - separated not only into the three branches of the national government but also separated as between the whole national government, on the one hand, and the states and the people on the other.
Thomas Sowell