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 SowellIf facts, logic, and scientific procedures are all just arbitrarily "socially constructed" notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
Thomas SowellAs long as human beings are imperfect, there will always be arguments for extending the power of government to deal with these imperfections. The only logical stopping place is totalitarianism -- unless we realize that tolerating imperfections is the price of freedom.
Thomas SowellCongressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.
Thomas SowellNeither your life nor my life, nor the future of this country, will be affected in the slightest by whether Linda Tripp is naughty or nice. But if any president is able to commit crimes with impunity by using the vast powers and perquisites of his office to cover up, then we will have a danger of corruption and abuse of power that can only grow with the passing years and generations.
Thomas Sowell