22 Mar 2009

Obama Governs the Way 17 Year Olds Drive

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In their negative campaign books on Barack Obama, Jerome Corsi and David Freddoso took an extended look at the democrat front runner’s long record of radical associations and virtually nonexistent record of legislative accomplishment, and observed that Obama’s record was really that of a faithful servant of the corrupt Chicago democrat party machine.

Yes, Obama faithfully voted for the agenda of the democrat party’s leftwing base when it was safe to do so, but he carefully avoided sticking his neck out or crusading for controversial leftwing positions which might conceivably compromise his viability as a candidate for higher office.

Despite all the associations and the rhetoric, both authors speculated that Obama as president might very well operate as he did previously, as a faithful servant of the interests of his party’s key special interest constituencies and contributors, making only the occasional safe, usually symbolic, gestures to the radical base.

Obama, during the campaign, took great care to convey the impression that he was not ultra-leftwing or radical but really pragmatist, and would govern as another responsible moderate democrat.

Well, it turns out we were all in for a surprise.

Obama has not attempted to govern moderately or responsibly in the least. He’s taken the combination of his own electoral victory, a congressional majority, and an economic crisis as a license to spend, regulate, and socialize without restraint. For a long generation, ever since the Carter debacle, politicians have treated the US economy as a third rail, recognizing that voters would promptly and decisively respond to economic pain by punishing any party seen to be responsible for an assault on their prosperity.

Uncharacteristically, even democrats like Bill Clinton moderated their populist impulses, restrained their urge to redistribute, and kept Alan Greenspan in charge of the Fed simply in order to preserve confidence. Ironically, the Bush Administration made the mistakes it did, in rushing to intervene and to supply bailouts on the basis of exactly the same belief in the necessity of maintaining economic confidence.

But not Barack Obama. Obama has moved rapidly to treble George W. Bush’s war-based deficit in a single month. He has turned the treasury’s printing press on full speed, virtually guaranteeing a reprise of 1970s style, if not Weimar Germany style, inflation. He plans of raising taxes, nationalizing health care, regulating everything that moves, and putting caps on financial industry salaries. He might as well send in a few drone aircraft to launch hellfire missiles into Wall Street.

Barack Obama is obviously not afraid of losing the confidence of the business sector. He feels empowered by the economic crisis, not intimidated by it. The deeper the hole he digs, he seems to think, the more basis he has to justify increasing federal power and a greater federal share of the economy.

Obama is treating government the way a 17 year old drives. The more out of control he gets, the harder he pushes on the accelerator.

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