… or pay no attention to the man behind the curtain, or which shell is the marble under, or … well you name the game.
I have been ranting for weeks now about the young President’s ability to convince people that he never said what he said (“Most of the jobs created will be in the private sector”, January ’09) … or has accomplished what he says he says (“The stimulus is working” July 09). It’s common in politics I have found. Understandable. Every President wants to put his best foot forward, even when the economy is crumbling around him. It’s worked well for him up to this point but time may finally have run out.
The questions you have to ask yourself, especially if you are one of the many who voted for Obama, is if the Obama administration tackled the economic recovery by misreading the problem, advocating for a solution that hasn’t born fruit, spending trillions of future debt in the process, and then trying to tell you the results are great when you can see with your own eyes they’re not, do you really trust the same group of people to get health care reform right by not just reforming or adjusting, but completely seizing the industry and dumping it into a government-run expansion of Medicare? Do you really trust them to create a new casino-like cap and tax and tax scam cleverly disguised as an energy bill?
At some point, shouldn’t we as Americans tell the President that he has to show to us he has some ability to comprehend the economy before letting him commandeer it?
It’s a magnificently well crafted and critically thought column by Duane Paterson
With unemployment ready to hit 10%, with the investment community reeling, and with businesses unsure of the direction the Federal government is headed in regard to taxation and regulation … not even a second stimulus (unless of course its market based) can guarantee anything more than a slowing or stopping of the economic decline.
Mr Paterson thinks time may have run out on the President’s slight of hand. I am not so sure, but it should have, of that I am certain.
The President’s agenda is not so much to rescue this economy or even make sure your neighbor has a job (unless of course he or she works for the government or is in one of the chosen unions). He will continue to try to make you think prosperity is just around the corner because this young President has bigger plans than the current state of the economy. He is looking for a fundamental change in American economics. One that is not centered around the individual and individual achievement but rather centered around the state, regulated by the state in every fashion from pay to purchase.
You can earn what you want but not too much. Drive what you want … but not too big. Work the way you want, as long as its one of our 21st century jobs. Live where you want, as long as its green. It’s a brave new world. Utopia!
This new American economy, Summers hopes, will be “more export-oriented” and “less consumption-oriented”; “more environmentally oriented” and “less energy-production-oriented”; “more bio- and software- and civil-engineering-oriented and less financial-engineering-oriented”; and, finally, “more middle-class-oriented” and “less oriented to income growth that is disproportionate towards a very small share of the population”. Unlike many other economists, Summers does not believe that lower growth is the inevitable price of this economic paradigm shift.
I agree exports should be a bigger priority. It’s been neglected for years. But when I read that our chief economic architect wants Americans to change their consumption habits, while the folks in Washington show no sign of changing theirs, or propose a redistribution of wealth that will somehow magically make the middle class wealthier (it won’t), I am frightened.
There seems to be less concern in the White House these days for the private sector “middle class”, the folks who lost and continue to lose their jobs, then there is for its socioeconomic re-engineering agenda. Call us collateral damage. The ends justify the means. Thus the constant slight of hand. If he can only keep it up … just a little longer.