President Barack Obama's expansion of the federal government into the financial sector is likely to have "devastating" effects in the long term, former Vice President Dick Cheney said in his latest salvo directed at the new White House administration. In an interview on Fox News — portions of which aired Tuesday night — the former vice president said he is "very concerned" about where the Obama administration is taking the country economically. "I worry very much that we're in a situation now where there doesn't appear to be any limitation whatsoever in terms of the spending commitments that this administration wants to make," he said. "Vast expansion in terms of the deficit, but it also says a lot about what they intend for the role of government in this society."
This kind of flip-flop might land the former Vice President a position at the National Review assisting Lawrence Kudlow write copy on economic matters!