Posted by
Paul Wamack on Monday, February 16, 2009 3:11:58 PM
I have been waiting patiently to see the "historic" aspect of this Presidency. Most of the evidence suggests that this is a purely racial comment, and that is just too depressing -- are we still voting for the candidate of our choice based on the color of a person's skin? Wasn't it Martin Luther King Jr himself who asked us forty years ago to base our judgements on the content of someone's character, not the color of their skin?
So if I can reject the idea that this was a nationwide racist fit, what then are these "historic" trends that our new President brings?
Well, it's not the overwhelming, albeit shallow, adoration of the media. They loved our 'first black President' Bill Clinton, too. Perhaps there are more books written about Obama than any other Presidential candidate -- I can believe that, but I don't know that to be the case.
But if we can look at what he has done since the election, there are definitely some new things going on here. First, there has never been "An Office of the President-Elect" but there he was. There has never been an airplane painted with or a podium with a seal for the Office of the President-Elect. So there is a new governmental office, if only relevant every four years.
Secondly, in the space of less than a month in office, Obama has led the biggest explosion of the national debt in the history of this country. Obama himself has mentioned that he can't see how this country can possibly ever get out from underneath this much debt. And what have we spent this new public money on? NASA is grounded, while their stimulus money is earmarked for research in support of proving the myth of Global Warming. This will inevitably cause a serious "brain drain" that may be difficult, if not impossible, to reverse in the coming years. Any NASA scientists who don't believe in Global Warming, who just want to study the physics of space flight, will be unemployable in this country. Now, instead of our President giving the international community our cutting-edge technology, we have gone one step further and given them our rocket scientists.
What else was in that bill? Welfare reform has been swept away. The old system, from thirty years ago, is reinstated with all the encouragements for fraud and double-dipping. Also, there are millions of dollars for Acorn -- although those three spineless Republicans swore they wouldn't vote for the bill unless they were reassured that there would be no money for Acorn (so it 'slid through' called "The President's discretionary funds." Do we believe they were misled? Or were they just born yesterday? No, if you ask me, they just loved all the attention they got last week and they are basking in the fraudulent glow that the new President invited them to the White House, and perhaps if they behave 'correctly' they can be invited back soon). After all, Acorn does such wonderful community work, especially every election cycle to "get out the (Democratic) vote" that they really deserve the taxpayers' support. Who would know that better than a former community activist?
Now, stepping back, let's look at the financing aspects. Much of our national debt is financed by selling Treasury bills to foreign interests. Whatever the world may say about us publicly, they have long known this was a great place to invest. With this kind of fiscal irresponsibility on parade, I suspect there will be a decline in interest in investing in Treasury bills. If so, where will the additional money come from? Likely, they will follow the Jimmy Carter model and simply crank up the printing press at the Mint. This will lead to inflation, that leads to less interest in Treasury instruments, which sets the cycle going round again. Sorry, while that is painful, it's nothing new. No historic change in this plan.
So the explosion of the national debt may be something new -- but it's not about 'hope' and it certainly mortgages 'the future.' Meanwhile, the media keeps right on cheering. The population seems to have gone back to sleep. The Congress is looting the nation's treasury, and giving it to their 'get out the vote' supporters -- this may be something new, to be doing it in the light of day on a grander scale than any political paybacks in the history of the country.
So when the Democrats ask, "Can we really steal the money from future generations to pay back our political friends who got us elected?" we know the answer: YES WE CAN!
In coming attractions -- the White House has taken the CENSUS process in-house. For their second month in office, these folks intend to make sure that there will never be another Republican elected again ever.