An Executive Order posted on the White House website on Friday, March 16, 2012, has generated a wave of fear. It is officially about “National Defense Resources Preparedness” and its stated policy addresses “national defense resource policies and programs under the Defense Production Act of 1950.”

Its stated policy is that “The United States must have an industrial and technological base capable of meeting national defense requirements and capable of contributing to the technological superiority of its national defense equipment in peacetime and in times of national emergency.”

The new EO evokes fear because it is occurring in peacetime and, more specifically, when the United States remains the strongest military power on Earth. There is no indication that an attack by any other nation is anticipated, so the implementation of the EO raises concerns that its purpose is not what it says.

In effect, the EO allows the federal government, directed by the President, to commandeer and control all aspects of the economy and the lives of all Americans. It centralizes control to an astonishing and frightening degree.