Monday, February 09, 2009


President Obama speaks of his 'new ideas' for change when he talks to House Democrats about the pork-spending bill of historic proportions:
"...don't come to table with the same tired arguments and worn ideas that helped create this crisis.

We're not going to get relief by turning back to the very same policies that in eight short years doubled the national debt and threw our economy into a tailspin. We can't embrace the losing formula that offers more tax cuts as the only answer to every problem we face, while ignoring critical challenges like our addiction to foreign oil, the soaring cost of health care, failing schools and crumbling bridges, roads and levees. I don't care whether you're driving a hybrid or an SUV - if you're headed for a cliff, you have to change direction....

What do you think a stimulus is?" Obama asked incredulously. "It’s spending — that's the whole point! Seriously.”

This, after a week of promoting a Carteresque malaise to the American people by speaking rather histrionically about the coming 'catastrophe' and using other descriptions of economic armegeddon if he doesn't get his way and get the stimulus bill passed. Seriously.

Some more cynical than I would classify his remarks as 'fearmongering' for political purposes; but I have always pointed out that this is simply the characteristic hysterical style of the neo-marxist fascists of the left.

I noted recently, that there is no one who denies we are in an economic mess right now--The question is WHY is the economy in a mess, and WHAT to do about it. And, you have to be completely out of touch with reality not to appreciate that it was government looters (like the Dodd's, Rangels, and Franks) working closely with the many looters from the business community, who got us into this dilemma.

Should we now trust those same government looters to get us out? I don't think so. Should we now trust those looters in the business community whose businesses should go bankrupt and fail but who will get repeated chances to further loot American citizens? No, let them fail. Then at least when the market resets itself into a new equilibrium--one that is based on reality, anyway--we will all be better off for it. It seems to me there are two things that are at the 'root' of our current predicament:

1 - The government keeps rewarding and encouraging incompetence and poor business practices for the sake of some sort of perverted 'social justice', and when the end result is social injustice, they insist that continuing to reward looters in the business community will fix the problem. Good luck with that.

2 - The American people keep voting for incompetent, narcissistic, and looting politicians who cover their intent to loot the American economy with the nice, flowery rhetoric of the postmodern demagogue. Stop listening to the false rhetoric and look at what they actually do and what has been the consequences of their tired, worn-out policies.

The only policy that has NEVER been tried is: 1) letting the market do what it is best at--rewarding competence and innovation; 2) letting the government do what it should be best at--supporting the rule of law; and 3) letting the American public do what it is best at--spending their own money.

At any rate, here is a detailed analysis of Obama's "new ideas':

UPDATE: I meant to include this video of Milton Friedman defending capitalism. It is quite remarkable for a number of reasons, not the least of which is that you will never see this kind of calm discussion of ideas anymore on TV. {h/t Instapundit}

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