I can't do much to add to what Ryan already said... and what he said he said well, didn't he?
I'm delighted at the response this sort of sweeping legislation is drawing from the States. With the focus of the mainstream media having been almost exclusively on the Congressional aspect of the effort leading up to today's signing, we haven't heard much from what the States think of this load of tripe.
As I think I've already said, only 34 States are needed to form an Article V Convention, and any proposed amendments need only 38 States to ratify it into the Constitution. With Congress taking this much control and regulation of what will (without question) constitute a full 20% of our entire nation's economy away from the States, even States that are typically "liberal" in their views will need to think long and hard about NOT fighting this. For example, let's look at California...
California is either the 7th or 8th largest economy on the face of the earth (depending on which scale you go by), and it contains the largest concentration of pharmaceutical and medical technology companies anywhere in the world. With the prospect of an additional 40% taxes on their revenues here in the US, and even more regulation and oversight by the Feds than they already have, what will happen to cash-strapped Cali if the vast majority of the companies pack up and move to India, or the Philippines, or Mexico where they can make their products at lower costs, with lower taxes, and cheaper labor? Any of the three countries I mentioned have more than enough "intelligentsia" looking for work straight out of university... and India even has the technical infrastructure to compete with anything CA has right now (how much do you want to bet there aren't any "rolling blackouts" in Bombay?). Add to that the fact that two out of the three countries I listed use ENGLISH as a first-language in college and university settings, and the prospects are looking more and more appealing, aren't they?
Imagine how it would look if, while basking in the glow of their triumph over conservative concerns about growing government, an expanding deficit, and an utter lack of transparency and cooperation between Democrats and ANYONE else... they get bitch-slapped by the majority of States with enough litigation to choke even a Democratic initiative, followed by an Article V Convention to make sure that this mess NEVER HAPPENS AGAIN.
Ah, what rosey dreams we dream...
Tuesday, March 23, 2010
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