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Souter Wants his Own Constitution

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David Souter’s Bad Constitutional History – John O. McGinnis and Michael B. Rappaport, The Wall Street Journal
Justice David Souter is attacking the idea of reading the constitution the way it is written. Justice Souter, much like the other liberal justices on the Supreme Court, are under the impression that they have been assigned to the court to impress their legislative whims upon the country, not to simply act as judges following the law. That impression is wrong. The constitution is setup with an amendment process for altering it as social conditions change; altering it is not the province of the justices of the Supreme Court. It is their job only to read what is written, and judge a case accordingly. If society is angry about what is written in the constitution, they have ample ability to change that and have done so many times in the past. – Dick Young

Self-Destruction in Illinois – Fred Barnes, Weekly Standard
Democrats have destroyed Illinois’ balance sheet. The state is fundamentally broken, and broke. A carousel of criminals has inhabited the governor’s mansion, and the piper is about to be paid. The GOP is looking for major pick ups in Illinois as voters may finally start to be realizing there is something rotten in the state’s Democratic caucus. Unfortunately for the country, that same caucus spawned the majority of the characters inhabiting the White House. Here’s to hoping the country wizens up faster than the voters of Illinois. – Timothy Jones

The iPhone, Net Neutrality and the FCC – Andy Kessler, The Wall Street Journal
Andy Kessler rightly points out that broadband regulatory uncertainty and a lack of competition prevent you and me from realizing the benefits of technology. You never think about the broadband you’re using, as long as your music downloads quickly and the apps run as advertised. The beautiful thing about technology is you don’t realize you need it until you have it. But the flow of new technology will stop if it can’t be used as designed. How can there be an iPhone 5 if the iPhone 4’s cool front-facing camera for video chats isn’t getting enough bandwidth from AT&T?  On one hand, the FCC wants to increase broadband by brute force through rules and regulations such as net neutrality that, in essence, govern once private businesses. While on the other hand, private businesses have no motivation to expand broadband capacity because government rules could ruin them overnight. As is often the case, and certainly applies here, less government and more competition are the answer for a more vibrant market. – E.J. Smith

Politicizing the Fed – Review & Outlook, The Wall Street Journal
Congresswoman Maxine Water of California has done it again. After telling the oil companies that she would socialize their businesses, she now has implemented legislation to insert a political operative into every Federal Reserve regional bank. The new diversity czars that her legislation mandates be put into each fed branch will be hand picked presidential appointees that will carry out the goals of the uber-Marxist regime currently in place. – Dick Young

The Coming Property Tax Revolt – Michael Avari, Human Events
Taxes hidden in Obamacare will begin taxing Americans on their private property. This is a first in federal government history, and may be unconstitutional. Stay tuned. – Dick Young

Obama Jobs – The Prowler, The American Spectator
Be prepared for further Obama administration finnegaling with the jobs numbers next month. After creating hundreds of thousands of temporary census bureau jobs this month to inflate the jobs report, Wall Street was rightly put off by the fact that the jobs were temporary. So the Obama administration is finding ways to move those census workers onto the permanent government dole. The administration wants to find unfilled bureaucratic jobs for the census workers. This will further increase the federal government’s already substantial burden of paying for a lot of unproductive bureaucrats in a time when spending needs to be cut, not augmented. – Timothy Jones

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Richard C. Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.