.... Given that the 1964 LBJ landslide quickly led to Nixon, the 1976 New Carterism led to Reagan, and the 1992 Clintonism was followed by GWB, Obama must know that his gargantuan spending and borrowing and regulation will lead to mega-taxes which will lead eventually, as is always the case, to stagflagation: low growth, high unemployment, high inflation, and high interest. He must know that near-trillion dollar experiments like cap-and-trade and socialized health care will not create new productive potential, only tens of thousands of new regulators that will hamper economic growth, and he must know that on social issues his base will drive him on for gay marriage, an end to ‘don’t ask, don’t tell’, abortion on demand, more, not less, affirmative action, veritable open borders, and abroad UN/EU transnationalism—and that eventually all that will provoke a furious backlash?
He knows that, and that is why in the first 100 Days, he hoped to so scare us into ”Bush did it” and “Great Depression” that the panic allowed him to rush through $1.7 trillion deficits, federal take-overs of finance and manufacturing, national health care programs, cap-and-trade, and new federal bureaucracies—and the result will be a vast new constituency of those who work for the ever larger government, of those who receive vast new entitlements, and those who are excused from income taxes (for a while)—coupled with the popular rhetoric that “they” who made out like bandits, who did not pay their fair share, who go to Vegas and party at the Super Bowl, who are unpatriotic in avoiding taxes must make long overdue atonement for their past greed.
So we are in a race—a race to get the dependent constituents permanently in place and institutionalized before the proverbial (fill in the blanks) hits the fans. If he succeeds, we will end up like a Greece, France, or Belgium— weekly strikes by government workers and unions, rampant cynicism as everyone seeks to land the federal job for base salary and taxes and benefits, and then moonlights to get untaxed cash and barter for necessary goods and services, all coupled with a culture of blame at various foreign and domestic “thems” who make us so unhappy.
....
pajamasmedia.com |
