Skip to comments.Deconstructing Obamanomics: What Is The Real Goal?
Posted on 01/25/2013 6:11:56 AM PST by SeekAndFind
As President Barack Obama begins his second term, democratically returned to office by a majority of Americans who seem to buy what he is selling, it would profit us to pause a moment and examine the discrepancies between the vision he expounded in his inaugural address and the economic reality that surrounds us. This leads to a pivotal question: What, exactly, is the underlying purpose of Obamanomics, and how would we know?
Logic offers two choices. We can take the president at his word, and then ask why the promised economic recovery, growth, prosperity, and equality, havent arrived yet. Or we can ascribe darker motives to the policies that have brought our country to the brink of ruin. That raises the horrifying possibilityunlikely as it might soundthat precipitating an existential crisis in order to bring about radical change has been Obamas underlying agenda all along.
If we take the high road and accept Obama at his word, as most Americans have, we are led to three alternatives. The first is that the Keynesian nostrums applied to goose the economybailouts, stimulus spending, money printing, artificial suppression of interest rates, government investments in all manner of money-losing schemes, and a rapid expansion of the welfare state, all with the goal of increasing aggregate demandare working fine. All we need is to give Washington a bit more time, a little more spending leeway, and a few more tax dollars extracted from those who can most afford it, and all will be well.
The second possibility is that the presidents macroeconomic policies are not working because they are too modest. Therefore, we must let Washington double down and play an even larger role in the economy, or all will be lost.
(Excerpt) Read more at forbes.com ...
“The wearing down of America”
It doesn't take a genius to muck things up. As a matter of fact, the more incompetent you are, the better.
Wall Street gets what it wants...
It must want deficit spending.
I ask myself why ? It does not seem smart to little old small business me to bankrupt the Federal government.
Who is winning here ?
Why do they continue to back politicians and advise them to give up national sovereignty and bankrupt the Federal government ?
I know my answers to these questions.
Food for thought...
Class warfare is the name of this game, and the non-productive side is now winning.
As I've watched all the regulatory changes in the banking industry, and now see what's happening wih health insurance, it's really become very clear to me now. THIS, is the cold, hard truth...
Pro-business policies benefit productive people and people with money. Businesses cater to customers who HAVE money, or HAVE insurance...because they want profit, and THAT'S WHERE THE MONEY IS!
In this kind of system, if you WANT THE GOOD stuff, you HAVE TO WORK FOR IT!
Governmemt (ie: Obama) policies are designed to cater to the non-productive and the poor, because... THAT'S WHERE THE VOTES ARE!
I know, this view is cynical, and sounds callous.... but, reality is, Society as a WHOLE gets better, and MORE productive in the first case...
And, it gets worse, and LESS productive in the second.
The fourth possibility, for the sake of accuracy, could be that there are NO noble intentions here. The fourth possibility is that Obama knows with great certainty that his economic plans cannot work, and it's only a matter of time before he destroys the American economy as we know it.
Thanks. I just bought this movie and will make sure that my family and friends view it.
IMO Wall Street LOVES a system where a big central government can pick winners and losers. In that scenario a few carefully placed bribes can keep the gravy train rolling almost indefinitely.
In a true free-market scenario with many different actors and centers of power it become akin to herding cats. Which is to say, far less predictable. And everyone wants to be able to predict what their quarterly bonus will be.
Unlikely? Look at his background, undocumented though it may be, his family, his mentors, his education, his associations. He is seeking "fundamental change" of a kind that ain't good!
“What possible difference does it make?”