Victor Davis Hanson on theories asserted but not proven:
If borrowing money is the right way to get us out of the recession, the public wants to know why we do not call it “borrowing,” rather than “stimulus.” If well over a trillion dollars in new debt was supposedly essential to restarting the economy, why not three, four, or five trillion more to make recovery a sure thing? And if Americans know from first-hand experience that charging purchases on their credit cards is optional, quick, easy, and fun, but that paying them off is necessary, slow, difficult, and unpleasant, why would they think their government’s charges would be any different?
We are in a terrible energy crisis, we are told: Petroleum supplies have spiked, and we must immediately convert to mass transit, hybrids, biofuels, and electric cars. Such concern is wise, since oil is indeed a finite product. And while this recession has unexpectedly given us a reprieve from crippling oil prices, it is only a reprieve.
But be that as it may, the public sees no reason why it should not hedge its bets. Why not keep frantically searching for oil and gas, both to avoid going broke by buying expensive imported fuels, and to ensure America’s political autonomy from the likes of Chávez, Putin, and the Saudis?
Please go read the whole piece. It is well worth your time. There are so very many things that Obama asserts – but that are completely opposite of the results you and I experience in the real world. These things do not work for us, why would they for an entire country?
Why is Obama trying to spend more when the economy is in shambles, unemployment rising and the deficit skyrocketing? The Federal deficit today hit an all-time high of $1.42 trillion – and they are still spending and contemplating crippling new expenditures.
For the last two years many of us been telling anyone who would listen (and many who didn’t want to but got cornered) that one has to be both economically and mathematically incompetent to believe the promises coming out of the mouth of Obama.
Only when they actually have to pay that bill will the HopeChange™! suckers come to the realization that we were right all along.
Gaius asked, “Why is Obama trying to spend more when the economy is in shambles, unemployment rising and the deficit skyrocketing?”
Could it possibly be that Obama’s hidden agenda is to destroy the USA’s economic foundations? The US simply can’t be allowed to continue as a dominant force in the world, it’s not fair to all the other countries. So Obama has initiated his own One World Affirmative Action Program. Sort of like a quota system for nation-states, or a handicap in a horse race.
The US must be prevented from open and free competition so other nations can win. Obama wants anything but a level the playing field. You see, it’s racial preferences on an international scale which are Obama’s ticket to a brave new world.
Americas Musollini can do anything he wants. There are no safeguards and no check-valves; those who complain, those who seek reason and logic, are “blocking progress” and “racist”.
This will not end well, and it will end.
According to Pete Stark D-CA, running huge deficits makes the nation wealthier. FYI, Stark in the next guy in line for house ways and means committee chairmanship should Charlie Rangel get sacked.