The New Terrapin Gazette

Number 198                                                                                                                             15 April, 2011

 


A child should play. He should have hours devoted to recreation — but he must also learn to work.


 

President Obama’s Speech On Taxes, The Federal Budget, And How The Federal Government Should Deal With Economic Problems

The New Terrapin’s View

The address to the nation was revelatory, and the electorate must understand that the president means what he says.

Obama’s slipshod grasp of economics was obvious, for he said literally nothing about the fact that an economic recovery and the ability to borrow and pay back debt are based in the nation’s productivity. The government can either promote or handicap productivity, and “progressive” policy does the latter. It reduces productivity and prosperity by attempting central control of a complex phenomenon that is most efficient when operating freely. Governments often manipulate economic policy to achieve non-economic goals (such as the imposition of “fairness”). This leads them to put irrational limits on the options available to the individual. That is the principal way in which governments inspire the emergence of crime, and then encourage its growth and development into hugely profitable enterprises.

It’s bizarre: Obama overlooked completely the incompetent ideologues who bungled the nation into a financial crisis. The likes of Maxine Waters (the ethically-challenged something-for-nothing charlatan), Jamie Gorelick (the Mistress of Disaster who prevented the CIA from telling the FBI about the 9/11 mass murderers, and later had no idea what was happening to the agency she was tasked with overseeing — yes, that’s the outfit that allowed her to depart six million dollars richer as compensation for her feckless presence) and Barney Frank (the demagogue and simpleton who has no business being in any public office, so utterly hopeless and unwilling to accept responsibility for his ineptitude is he) simply don’t exist in the president’s hallucinogenic reality. Fact: the rows of dominoes fell because the “progressive” lurch toward Utopia was insanity and malfeasance. Fact: these three problem children, and many more who share their political mindsets, are apparatchiki in the leftist collective. A rational and ethically upright president would have admitted the blunders of his political allies and proposed corrective measures to make another such disaster far less likely. Ignoring a huge part of the crisis, as Obama did in this keystone speech, is irresponsible.

Instead of dealing with fundamentals, Obama preached the ignorant fantasy that taxes will pay off the astronomical debt (they can’t, because the nation does not have a revenue problem — it has a spending problem). Yes, taxes and spending can be understood.

Instead of asserting that the scale of government is itself a problem, Obama insisted repeatedly that the national bureaucracy must not be cut back because it is not yet as big as he and the people want it to become (Obamacare has not kicked in). He’s tacitly lying and cheating. He knows that many people desperately want to reduce the federal colossus. On the eve of Congressial passage of Obamacare, a poll showed that most voters did not favor the legislation; Obama knows that. Again and again, Obama insisted that nobody wants to eliminate any of Washington’s programs or agencies. That’s the lie, and here’s the cheat: Obama removed the very thought of reducing government from discussion; for him, that heresy is tautologically self-disqualifying. A halfway-decent executive would have noted the obvious facts, and proposed definitive retrenchment.

Obama’s lust to tax “the rich” makes one wonder what he thinks those people do with their money. Because he is a demagogic, fascistic class warrior, The One foments hatred and promotes vengeful tax legislation by using deceit: his deliberate abuse of the English language apes the most grotesque examples found in Blair’s (pen name, Orwell) classic dystopian novel 1984.

Perhaps the most insightful and accurate commentary on the speech is to be found here. Selected quotes:

(Obama is)…ignoring (his) own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. … Mr. Ryan and the Republicans outflanked (Obama) on fiscal discipline and are now setting the national political agenda. … (Obama) categorically rejected all (Ryan’s) reform ideas, repeatedly vilifying them as essentially un-American…. pitting ‘children with autism or Down’s syndrome’ against ‘every millionaire and billionaire in our society.’ The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.

Mr. Obama then packaged his poison in the rhetoric of bipartisanship — which ‘starts,’ he said, ‘by being honest about what’s causing our deficit.’ The speech he chose to deliver was dishonest even by modern political standards.

Every U.S. fiscal trouble, he claimed, flows from the Bush tax cuts “for the wealthiest 2%,” conveniently passing over what he euphemistically called his own “series of emergency steps that saved millions of jobs.” Apparently he means the $814 billion stimulus that failed and a new multitrillion-dollar entitlement in ObamaCare that harmed job creation.

A weblogger’s trenchant point:

“Patriotic Millionaires” Ask to Be Taxed More. Actually, they’re asking for other people to be taxed more, since they can always make a voluntary contribution to the Treasury. And there’s nothing patriotic about asking others to pay more when you haven’t done so yourself. Hacks.

 

Relevant Posts On The Internet

A major medium offers a note on the president’s code of ethics regarding how to campaign and promote your party’s views.

Obama’s speech was little more than an anti-Ryan screed, according to this poster.

The government union perpetual funding machine: “These are not union dues. These are kickbacks to keep their jobs. Government unions that are mandatory do not represent their members; they represent the politicians.” Yes.

Can government save us from recessions/depressions, and bring prosperity? The example of FDR and the Great Depression remains seminal. And most folks don’t know what it actually is!

“Wingnut” discontent: “The divide between Inside Beltway Republicans and the conservatives of Mainstreet while not as large is the widest today since the Goldwater revolution of 1964.”

Commentary on Ryan’s budget proposals.

A model for the US version of socialized medicine? “…while Nobel laureate Paul Krugman reassures us that these ‘scare stories’ about health care in Britain ‘are false,’ there is no shortage of them (unlike actual health care in that nation) — and they’re starting to seem an awful lot like truth.”

What to do about medicare.

Sarcastic and funny but accurate: “…these two impartial bastions of the mainstream media have been entirely fair in their critique of the government takeover of your health care. Oh, wait….

On how Obama got elected, some reminders and consequences: “…gaming the nomination process plus having no significant experience in government turns out to be a grossly insufficient combination for presidential leadership. Day by day, week by week, we are becoming more aware that, when it comes to the political dance in Washington, Obama is foxtrotting with two left feet.”

Making sense of a nonsense speech reveals the fundamental…nonsense. Mark Steyn explains.

Caution: dangerous subversive heresy…Randian, and very unObamoid.


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Publisher:    The Eagle Wing Palace of The Queen Chinee