By Matthew Rothschild
Last Friday, March 16, President Obama issued a creepy Executive Order.
Entitled “National Defense Resources Preparedness,” it authorizes the President and cabinet officials to take over crucial aspects of the national economy not only during emergencies but also in peacetime.
The order relies on a Korean War-era statute, the Defense Production Act of 1950, to further entwine the domestic industrial economy with the military. It talks of fostering “cooperation between the defense and commercial sectors.”
The stated purpose is to strengthen “the domestic industrial and technological base” so as “to ensure it is capable of responding to the national defense needs of the United States.”
This amounts to putting the economy on permanent war footing, even when there isn’t an emergency.