Dr. Thomas Sowell, Senior Fellow at the Hoover Institute

Discussion in 'Politics' started by sitarro, Mar 8, 2009.

  1. sitarro
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    sitarro Gold Member Supporting Member

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    Renowned Professor of economics and writer............

    Thomas Sowell : The Rush to Wait - Townhall.com


    The big story last week was the incredible Congressional rush to pass a bill that was more than a thousand pages long in just two days-- after which it sat on the President's desk for three days while the Obamas were away on a holiday.

    There is the same complete inconsistency in the bill itself. Despite the urgency in President Obama's rhetoric, as well as in Congress' haste in passing a bill which few-- if any-- members had time to read, much less consider, most of the actual spending will take place next year, at the earliest.

    Not even the most Alice-in-Wonderland actions will arouse the suspicions of those who have what William James once called "the will to believe."


    Nowhere was that will to believe greater than in the election of Barack Obama to be President of the United States, not on the basis of any actual accomplishment, but as the repository of hopes and symbolism. His supporters among the voters and in the media are not going to stop believing now.

    It will take a lot more than blatant inconsistency for the faithful to lose faith. It may take catastrophe-- and there may well be catastrophe.

    For some, even catastrophe under Obama can be blamed on George Bush. After all, Franklin D. Roosevelt was elected to an unprecedented third term in 1940, after two terms in which the unemployment rate never fell below 10 percent and was above 20 percent for 21 consecutive months.

    FDR also inspired the will to believe-- and he also had Herbert Hoover on whom to blame all the country's troubles.


    It may seem strange, to those who never lived through those times, that someone could be President of the United States for eight straight years and nevertheless escape responsibility for mass unemployment by blaming his long-departed predecessor. But we may yet see a re-run of that scenario in our own time.

    Nothing in the amateurish way the current administration has begun suggests that they have mastered even the mechanics of governing, much less the complexities of the huge national problems looming ahead, at home and abroad.

    The multiple Cabinet nominees withdrawing before their nomination can come to a vote in the Senate are just one example of this amateurism.

    Another example was the Secretary of the Treasury holding a much heralded unveiling of his recovery plan, only to publicly embarrass himself and the administration when his speech made painfully clear that there is no plan, but only pious hopes. The plunge in the stock market after his speech suggests how much confidence he inspired.

    Continued... go to link.
     
  2. Xenophon
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    Xenophon Gone and forgotten

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    It just keeps getting worse.
     
  3. Diuretic
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    Diuretic Permanently confused

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    No doubt he was writing lots of prophetic articles for the past few years about how things were going bad. I have to admit that I don't read much at townhall.com so if you could link his articles warning everything would turn to shit I'd appreciate it.
     
  4. editec
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    editec Mr. Forgot-it-All

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    Oh yes the geniuses at the Hoover institute clearly saw the problems ahead and warned us all of them, right?

    Somebody please direct me to those prophetic warnings they gave us, would you?

    You know, their prophetic warnings where they told us all our banks would become insolvent and need trillions of dollars and all that.
     

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