The need for predictability and to calculate risks and benefits into the future are critical for all aspects of managing one's life. There is no exception to this in business or in investing. I have made this point many times. Phillips and Kerpen then go on and provide a discussion of a number of her specific decisions, which is very enlightening. It is clear that Sonia Sotomayor is a very inappropriate pick for the Supreme Court. But, there is a reason for her being picked, aside from trying to win the Hispanic vote. She will do great damage to hardworking and achievement oriented Americans. Obama and crew truly hate such people.
The most disturbing statement of Sotomayor's judicial philosophy comes from her 1996 article in the Suffolk University Law Review. In it she defended this statement from legal theorist Jerome Frank: "Law must be more or less impermanent, experimental, and not nicely calculable."
Any businessman will tell you that there is more than enough unpredictability to deal with in the economy without having an overlay of legal uncertainty. Our free-market system depends, in fact, on the stability and calculability of the rule of law.
The basic rules of the road should be as stable and predictable as possible. And during a time of wildly unpredictable swings in economic policy from Congress and the administration, the last thing we need is an experimentally-inclined judiciary.
30 July 2009
The Unpredictable, Undependable Sotomayor
Tim Phillips and Phil Kerpen of the Americans for Prosperity Foundation have written a great review of Sonia Sotomayer's judicial record with respect to decisions affecting businesses and property rights. They called it Sotomayor's unpredictability is bad news for struggling economy. Sotomayor has embraced unpredictability in the law in theory. Phillips and Kerpen say: