Peter Namtvedt's picture

Hounding Obama 4 – Speaking us to hell

Is he really just a one-trick pony? What does he do but grind out speeches? What meat-grinder is running behind him, fed with lists of great words, lists of lofty leftist platitudes? His fans swoon, hearing only heavenly hope, nothing but the sweetest swill.

Obama is surely the greatest speechmaker in generations. I think he tops Clinton, he challenges Ronald Reagan, Eugene McCarthy, even Franklin Roosevelt. Are we rats following the pied piper? What is the substance? Where is the beef? No beef.

 

It is really just a massive, never-ending call for Pragmatism, for collective subjectivism, for unselfishness, anti-capitalism and for trust in more government.

There must be more than just nonsense to these speeches. Almost every time he speaks, the stock market tanks (lately only Money Czar Bernanke seems to dole out credible sweetness). Moreover, that is a lot of people who show by their trading what they expect to happen six months in the future. They are fairly predictive of real economic change. Furthermore, since it began to appear likely Obama would win, in the fall campaign, the market has nudged and smashed lower and lower, trying now and then to recover, only to be talked down again by O.

This country has already socialized mail delivery, schools, taking care of the poor, money, the arts, science, roads, highways and agriculture, you name it. I swear that before Obama is done he will have socialized not only medicine, banks, but just about everything he can touch. He will make the most independent agency in Washington DC , that represents and enables profits for the banks, into the supreme regulator of the banks and the whole economy, beyond the control of Congress or the President.

He is dragging out the recession by propping up failing banks and carmakers, whose capital would otherwise move on to where it would work, if this were a free market.

He will try to make sure that we can ever get to capitalism, the only moral system ever invented. He wants to make impossible a social system where men freely divide labor and trade, where each person's self-interest drives him or her to provide better goods and services to others.

He is making a mockery out of our money, planning to print a stack twenty-six miles high (one trillion dollars in one-thousand dollar bills). He will make out of our still-trusted store of value and medium of exchange into a hand-full of air. The money printing you hear will drive prices upward by ten to twenty percent (10-20%). He will make sure we remain mired in the fascist mess into which we now are sinking. We will remain dependent on government ever more. What the heck did he miss in his education?

He surely has not read the Federalist Papers, which enlightened the people when the Constitution was created. The wisdom of those Papers kept the nation true to the Constitution for decades. They cautioned against the power of politicians and against the danger of democracy – a tyranny of the majority.

He surely does not remember the Farewell Address of President Washington, where he said,

"Government is not reason; it is not eloquence. It is force. And force, like fire, is a dangerous servant and a fearful master."

Obama's agenda promises to use all of his power and all of his tools to provide:

  1. Immediate Action to Create Good Jobs in America
  2. Immediate Relief for Struggling Families
  3. Direct, Immediate Assistance for Homeowners, Not a Bailout for Irresponsible Mortgage Lenders
  4. A Rapid, Aggressive Response to Our Financial Crisis, Using All the Tools We Have

There are just a couple of problems: most jobs are created by small businesses, but as soon as the business owner succeeds and makes an income over $250,000 Obama slams him with the extra tax for being “too rich”. Struggling families will only get relief at the expense of those who are struggling successfully.

Assisting homeowners can only mean artificially raising the value of their homes and extracting earned wealth from lenders. Mortgage lenders were forced to enter into loan contracts with unreasonably foolish terms by federal regulations and the threat of fines, together with artificially low interest rates and the fatal GSEs Fannie Mae and Freddie Mac. Finally, all of the aggressive responses with all of the raw power tools of government will boil down to aggression against the people and our property.

Government cannot create jobs. Government cannot improve the economy. It cannot create wealth. The government can stall the economy and then by inflationary printing of money “stimulate” the economy. However, that is like breaking your leg, giving you treatments, handing you a crutch and telling you “See, with our help you now can walk.” And then you find out they got you that crutch by devaluating your money. The broken window is seen by some as creating income for the window repairman. However if the owner of the window had to give up buying a suit, the local taylor is denied income. Government is best at such breaking of windows and claiming it is creating jobs. When it spends money to create jobs, it is extracting money from someone else (or printing at everyone's expense). Government should get the hell out of the economy.

The fatal conceit of Obama and all politicians and government bureaucrats: thinking that they know better than we do regarding what is best for us. After all, they think, we all need the same things, we all are in the same situation, we all have the same plans, most of us lack a common set of resources. It can all be dealt with by one person or committee who has become an expert in that common need, that common situation, that one shared plan and how to redistribute that universally needed set of resources.

What conceit! The fact is that there are almost 300 million different situations, different knowledge and plans, different needs and different shortages of resource. One size does not fit all. There is no one common enterprise toward which we all strive to dedicate our energies. No there are rater 300 million different projects, projects that will surely be still-born as this “O” rages like a bull in a china-shop.

Let me rethink this: “O” could be a two-trick pony: great-sounding public speaking and destroyer of the economy. J. Robert Oppenheimer, nuclear physicist, exclaimed when the Manhattan project proved its success, making possible the atom bomb, quoted the Bhagavad Gita: “Now I have become Death, the Destroyer of Worlds.” Any man should shrink from using such power. Maybe Obama should just stick to making speeches. Let the citizens of this once great country take back their responsibilities and regain their rights!

Edward Cline wrote in Capitalism Magazine

I will go out on a limb here and credit Obama and the Democrats with the repressed knowledge that the best way to ‘stimulate' the economy is to suspend all income and excise tax collection for a year or so, freeze all federal regulatory enforcement by cabinet and non-cabinet departments and agencies, fire all ‘non-essential' federal employees -- in short, to paraphrase John Galt in Ayn Rand's novel, Atlas Shrugged, to get the hell out of the way and allow the economy to function rationally, creatively, and efficiently. Those actions would certainly ‘stimulate' economic recovery beyond any politician's comprehension. But that would mean a relinquishment of power, and that is the last thing Obama and the Democrats want to do. After all, the temporary suspensions might become permanent, once enough Americans realized they didn't need the government to ‘jump start' the economy or to give purpose to their lives.

Such a plan, however, would scare the piss out of Obama and his henchmen. It would require an enormous groundswell of grass-root support to try capitalism. Is it time?

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