Economics 101: Free to Choose or Compelled to Follow?


 

Little Hope, Less Change

It’s been awhile since VDH hit the ball out of the park like he does here. He really gets the nature of this Bourbon-esque monarchy that team Obama sees in the mirror. Well they had lots of mirrors at Versailles, as well.

United States of America does not possess the Guillotine. We have only impeachment and removal from office.

… Pity…T

Consider: The 120,000 troops in “the surge is not working” Iraq are now complaining of ennui —while the White House is paralyzed over whether to send more troops to the new escalating front in Afghanistan. How odd the present perceptions: Bush’s bad optional war became good in the public mind, and Obama’s necessary good war became bad…

The Russian gambit failed…

Sorta, Kinda, Maybe Diplomacy

…Guantanamo really will close on March 1, 2010; Iran must comply this time by June 1, 2010; all combat brigades will be out by March 2008, 2009, 2010; health care must pass by August, September, October, November…

Oil is climbing back over $80 a barrel…

They got greater bailouts, higher unemployment, larger deficits, and Chicago politics…

Full article in new window

Add Me

Related articles by Zemanta

Reblog this post [with Zemanta]

Tags: , , , , , , , , ,

Gloomy Days for Obamacare, Silver Lining for America

As I watched Obama stumble, dissemble, and ramble through his prime time “State Media apparatchik public event” er, press conference, a powerful though came to mind. OK, two thoughts: The 1st, of course, was the mental image of the Brezhnev era military parades featuring the Soviet Elite atop the Kremlin walls waving to the “adoring” masses. Ah yes, the power of a prescient double entendre!

The 2nd:  Obama’s poll numbers are falling faster than Jimmy Carter’s. The Democrats, the ones who still eat meat, are in open rebellion, rightly fearing an impending 1994 redux. This guy is a liar, like Bill Clinton was. Obama, though, unlike Mr. Lewinsky, is an ideologue. Obama has neither the political skills nor the inclinations of W.C. Clinton to sway with the prevailing political winds and but survival above ideology. He has, along with the most left-wing congress since 1917, shoved his progressive, fascistic agenda against the collective will of the American people, who have seen this scam before.

His presidency, to quote a real US president, is like “an Evil Empire, whose last pages are even now being written.”

The Obama presidency is over. God bless America.

What we’re seeing is the people speaking through their politicians. Obama and many Democrats assumed that the financial crisis would predispose most Americans to favor a larger and much more expensive government than we ever have had before.

A plausible hope for change, perhaps, but polling shows it hasn’t happened. The prospect of huge federal deficits extending out as far as the eye can see is not appealing to most voters. The prospect of having the health care sector of the economy designed by the people who gave us the $787 billion stimulus package is even less appetizing.

But we should not cynically underrate the importance of a strong argument, which may prevail despite the transcendent aura of a new president. Some of the Blue Dogs’ concerns may be parochial (rural health care), but they make a strong case, buttressed by ( CBO’s) expert testimony, that Congress should not rush to transform the health care sector at huge cost and with little cost-cutting effect. And the Polis letter signers’ concern about the negative macroeconomic effects of higher taxation of high earners can find support in the writings of Democratic, as well as Republican, economists.

What will this Thursday bring? We’ll wait and see what comes from the buzzing on Capitol Hill. In the meantime, as I read the text of the Blue Dogs’ and Polis’ letters, I suddenly heard the voice of the late Jack Kemp proclaiming at the 1984 Republican National Convention that if you subsidize something, you get more of it and that if you tax something, you get less of it.
Full article in new window

Add Me

Related articles by Zemanta

Reblog this post [with Zemanta]

Tags: , , , , , , , , , ,

Random Thoughts

Two thoughts stuck me full force like a shot of espresso at 7AM while reading this piece – the 1st being the feeling of slowly having the wool pulled collectively over our eyes…and this one:

“Socialists believe in government ownership of the means of production. Fascists believed in government control of privately owned businesses, which is much more the style of this government. That way, politicians can intervene whenever they feel like it and then, when their interventions turn out badly, summon executives from the private sector before Congress and denounce them on nationwide television.”

…T

…Barack Obama seems determined to repeat every disastrous mistake of the 1930s, at home and abroad. He has already repeated Herbert Hoover’s policy of raising taxes on high income earners, FDR’s policy of trying to micro-manage the economy and Neville Chamberlain’s policy of seeking dialogues with hostile nations while downplaying the dangers they represent…

Full article in new window

Related articles by Zemanta

Reblog this post [with Zemanta]

Add Me

Tags: , , , , , , ,