With the Senate’s passage of financial regulation, Congress and the White House have completed 16 months of activity that rival any other since the New Deal in scope or ambition. Like the Reagan Revolution or Lyndon Johnson’s Great Society, the new progressive period has the makings of a generational shift in how Washington operates.
Hmmm. I don’t seem to remember anti-government marches all over the country when Reagan lowered taxes, or when Johnson put together the Great Society, or when FDR installed the New Deal. Could it be that this time is different, because these new changes don’t reflect the will of the people? Rather, they reflect the strange will of an accidentally-elected elite?
First came a stimulus bill that, while aimed mainly at ending a deep recession, also set out to remake the nation’s educational system and vastly expand scientific research. Then President Obama signed a health care bill that was the biggest expansion of the safety net in 40 years. And now Congress is in the final stages of a bill that would tighten Wall Street’s rules and probably shrink its profit margins.
Hmmm. I don’t remember anyone telling the public that they were going to “remake public education”. Does that mean they want to “leftify” it, as happened with every other one of their programs? And what’s this about vastly expanded scientific research? Where? When? Why haven’t we heard about it?
What a wonderful exercise in Newspeak. A government takeover, and a crushing of one sixth of the economy becomes an “expansion of the safety net”. But you’re not just expanding a safety net, you’re taking away things that regular people have, to give them to other people. That’s socialism, not expansion of a safety net.
And lastly, he installs a financial reform that will lower profit margins on Wall Street. Just what we need in the middle of a recession.
If there is a theme to all this, it has been to try to lift economic growth while also reducing income inequality. Growth in the decade that just ended was the slowest in the post-World War II era, while inequality has been rising for most of the last 35 years.
Hmm. Growth was the slowest in the post World War II era. Is that why suddenly in the 2000’s, everyone was driving new cars, and getting better homes, and buying boats, and snowmobiles and jet skis? Is that why everyone’s kids flew fly around the country all the time? Is that why so many people were taking cruises, and European vacations? Just wondering. That’s the way it was, until the Obama administration decided we were too rich and too powerful, and we needed to be taken down a peg or two. Or three. Or four.
It is far too early to know if these efforts will work. Their success depends enormously on execution and, in the case of financial regulation, specifically on the Federal Reserve, which did not distinguish itself during the housing bubble.
What? They are doing things that might not work? They are experimenting with us? It all depends on execution? What does that mean? Does he know that execution is the whole ballgame? Any idiot can dream up a way to do this or that. It is the person who can execute who is the person who gets things done. Not the dreamer. In other words, our etherial, ideological President is playing with the future of every man, woman and child in the country. Hope is his strategy. He hopes that somebody, somewhere will execute for him. Amazing.
Already, though, one downside to the legislative spurt does seem clear. By focusing on long-term problems, Mr. Obama and the Democrats have given less than their full attention to the economy’s current weakness and turned off a good number of voters.
That’s what installing socialism is called? “Focusing on long term problems?” How in hell is he “focusing on long term problems” by spending trillions of dollars we don’t have? Is he focusing on making them worse? How is putting our children into debt so onerous that their lives will become miserable and small helping anything”?
They’re not focusing on long term problems. They are focusing on creating a dependency society. A crowd of struggling little peons who must beg the government for whatever crumbs fall from the great table of the fabled “Common Good”. They are focusing on forcing Americans to give what they create to those who refuse to create anything.
Meanwhile, he parties on, like Louis the Sixteenth. Here are pictures from the banquet he threw for Mexican President Calderon, where Calderon castigated us for trying to enforce our borders. Beyonce sings, the swells gather while the country suffers:
The little people, the ones living sub- par lives because of Obama’s recession, have to eat dirt while he parties like a King.
Remember when they castigated Nancy Reagan endlessly for getting new china during a recession? Even though it was all bought with donations rather than government money? But now, we have our own little Sun King, displaying his splendor, and the media say nothing.
How about this idea: State dinners in a democracy should be dignified, modest affairs where people eat a nice dinner and maybe a world renowned piano player or something plays an after dinner show. NOT a whole Las Vegas show – not a show of excess and waste while the country suffers. I don’t begrudge him a decent state dinner. But a state nightclub is too much; a display of bacchanalia is gross and offensive.
As to socialism and government intervention, we’ve been down this road before. Only misery awaits us. How can the smartest man in the universe, a veritable god-man not know any history? Ah, he comes from the Universities. A place where truth is the enemy.
Oh my. Leonhart really is sucking up. I guess, he wants to get access to the President or something:
Still, the turnabout since Jan. 20 — the first anniversary of Mr. Obama’s inauguration and the day after Scott Brown, a Republican, won a Senate seat in liberal Massachusetts — has been remarkable. Then, commentators pronounced the Obama presidency nearly dead. Today, he looks more like a liberal answer to Ronald Reagan.
Oh, yes. The turnaround has been amazing. Now, people are talking about Democrats losing up to 100 seats in the House. Every Congressman who voted for TARP, the Health Care Disaster, or anything that Obama wants is now a marked man. The Tea Parties are flexing their collective muscle.
It is so laughable. It’s like I am reading the musings of a deluded fool, a man so drugged up or oblivious to reality that he has created an alternate reality. That’s OK. Keep smoking, little opium man. That way, when the election train hits you in November, it won’t hurt so bad.