Nothing Wrong Here; Except for Everyone Else

August 12, 2011

The President tells us America is fine. It’s its politics that are at fault for our problems. His denial of personal responsibility for anything negative continues unabated. And who could blame him? What problem solving skills! Here’s his comprehensive approach to deficit reduction:

“Repeating his call for a comprehensive approach to deficit reduction, Obama said the country needs to continue investing in education, clean energy and other vital areas while also ensuring that entitlement benefits for senior citizens are protected. That means a balanced approach to deficit reduction in which wealthy corporations and individuals are paying their fair share toward a solution, he said to applause.”

In summary, his balanced approach is to spend more and solve the existing and resulting deficit problems with higher levels of taxation from a select group of wealthy individuals and corporations. This is like asking a homeowner to up his monthly payment while telling him, no matter what happens, you’re going to foreclose in 20 years. Anyone who would voluntarily pay more taxes in these circumstances is a sap.

The new definition of greed is someone who wants less money taken from him. The motives of a person to whom that money ultimately goes are apparently beyond reproach. The recent riots in the UK are just the latest factoid weighing against the latter notion.

Reactions from Democrats to Ryan’s plan for entitlement reform have been uniform. Generally, they don’t discuss the merits of the plan. They simply say it’s bad politics, rubbing their hands in glee at all the attack ads they’ll run in 2012. It doesn’t at all matter to them they have no substitute plan, other than let the next generation of Congressmen deal with it.

Ultimately, there’s going to be a painful reckoning. It’s just hard to know when. My nephew recently sent me an article on Greek debt. I’m fascinated by this subject because it is so plainly obvious the Greeks are never going to repay it. It’s a matter of wonder that supposedly smart people (i.e. Germans) who are sending the money their way can be so blind to that one particular fact.

Of course, we shouldn’t be too critical of the Germans. As Michael Lewis puts it they’re the only first-world nation which would not crash and burn tomorrow should other countries stop lending to it today.

Finally, here’s another in the series of articles contradicting the claim our President is a super genius.

I like his conclusion:

“This has to be one of the worst political strategies I have ever encountered. How can the current occupant of 1600 Pennsylvania Avenue credibly campaign as a Washington outsider? Surely he must understand the obvious problem with this approach: By complaining that the political system is broken, the president is admitting that he cannot fix it! This is no way for Obama to climb back to political relevance. After all, if the president admits that he has failed to fix Washington, then why should voters keep him around for another four years?

Clearly, the president has no idea what to do with himself. Yesterday’s campaign-style address was a pathetic spectacle indeed.”



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