David Souter Quotes
Summits are best at dealing with problems, where the need for action is urgent and the range of possible actions limited. They are less good at dealing with opportunities.
In the Cleveland administration the government needed money and went to J. P. Morgan and other bankers for assistance. The government got the money at extremely unfavorable terms and Cleveland was roundly criticized for only consulting with the bankers and Wall Street houses, that ended up as the beneficiaries of the arrangement:
She was referring to the Administration of George W. Bush who had justified his Iraq War policies on intelligence claims that were false. The initial war effort was very successful, but the occupation was very poorly managed and there were many American and allied casualties—the stream on fire. Bush apologists claim that the President had been given faulty information by the CIA and he had no intention of misleading the American people.
While Abraham Lincoln set the precedent for independent Presidential action in a national political crises without much reliance on Congress, this was where Roosevelt established the precedent of unilateral action in financial crises.
David Hackett Souter is a retired Associate Justice of the Supreme Court of the United States. He served from October 1990 to his retirement in June 2009. Appointed by US President George H. W. Bush to fill the seat that had been vacated by William J. Brennan Jr., Souter sat on both the Rehnquist and the Roberts Courts.