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Archive for October 19th, 2009

Bush was a big spender. Obama is a big spender. Bush supported bailouts. Obama supports bailouts. Bush created a new healthcare entitlement. Obama is trying to create a new healthcare entitlement. But President Obama may not be a lost cause. According to the Associated Press, the Administration is reversing the old policy of persecuting people who use or provide medical marijuana in states where it is legal. This is a victory for federalism and common sense. People should be free to make dumb decisions with their own lives, and prohibition is both futile and expensive. And there certainly is no reason for the federal government to be involved:

Federal drug agents won’t pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration. Two Justice Department officials described the new policy to The Associated Press, saying prosecutors will be told it is not a good use of their time to arrest people who use or provide medical marijuana in strict compliance with state law. …The new policy is a significant departure from the Bush administration, which insisted it would continue to enforce federal anti-pot laws regardless of state codes. …A three-page memo spelling out the policy is expected to be sent Monday to federal prosecutors in the 14 states, and also to top officials at the FBI and Drug Enforcement Administration. The memo, the officials said, emphasizes that prosecutors have wide discretion in choosing which cases to pursue, and says it is not a good use of federal manpower to prosecute those who are without a doubt in compliance with state law.

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…then you are invited to tomorrow’s tax competition conference at the Cato Institute. Featured speakers, other than yours truly, include Prince Michael of Liechtenstein and the Chairman of the Cayman Islands Financial Services Association. Click here for more info and free registration.

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Or is it the Three Stooges? In any event, Richard Rahn, Steve Moore, and I take turns bashing taxes and spending while appearing on Dennis McCuiston’s television program. You can watch here.

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