No Fly Lists and Guns

President Barack Obama said in his Oval Office speech Sunday evening that it’s insane to let people on the DHS No Fly List have access to guns. Obama also said that it’s wrong to operate on the basis of suspicion and hate.

While folks on the No Fly list aren’t necessarily objects of hatred, they are targets of suspicion. But that’s all they are. They’ve done nothing, and they’ve not been convicted for anything—other than of being objects of suspicion. Stephen Hayes was on the No Fly list; he’s a target of suspicion solely because he’s an Evil Conservative and an Evil Journalist. DHS employees are on the No Fly list. They’re targets of suspicion because…? Then-Senator Ted Kennedy (D, MA) was on the No Fly list. Say, what?

What none of these suspicious persons have been through, though, is Due Process. Not being able to fly into the US does not block them from entering the US; it just inconveniences them: they have to travel via other means. Not being able to have access to firearms is more than an inconvenience, regardless of one’s view of gun control. That denial is a blanket denial of one’s access to one’s Constitutional rights, and that requires a due process proceeding first.

What’s insane is denial of due process, of violating the law, whenever that becomes inconvenient. What’s insane is operating on suspicion rather than the law. What’s insane is decrying operating on suspicion while operating on the suspicion of a government List.

“Retail Investor”

The Left’s new obfuscatory synonym for “dumb Americans.”

US securities regulators, under pressure to demonstrate they have a handle on potential risks in the asset-management industry, are about to crack down on the use of derivatives in certain funds sold to the public, worried that some products are too precarious for retail investors.

Because us dumb Americans are just too ignorant to make our own investment decisions. We need the Progressive Know Betters to tell us how we should make some investments, and to deny us access to other investments.

[U]nder pressure to demonstrate they have a handle on potential risks in the asset-management industry: this is actually the problem. The securities regulators, themselves, have no idea of the risks of derivatives. They showed this risk all through the Panic of 2008, and they’ve done nothing substantive to correct their failure.

If these regulators were serious about the precariousness of (some) derivatives, they’d require the chaining of them and the arithmetic underlying them to be made public so that all investors—institutional and dumb Americans retail alike—could make our own assessments. Without Big Government Know Better interference.