Sowell: Obama Win Would Be Historic Tragedy

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Aug 26, 2008
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Thomas Sowell
Rose and Milton Friedman Senior Fellow
The Hoover Institution
Stanford University
Stanford, California Thomas Sowell | Home or Thomas Sowell - Wikipedia, the free encyclopedia
had this to say to the public pryor to the upcoming elections....

By: Thomas Sowell
Some elections are routine, some are important, and some are historic. If Sen. John McCain wins this election, it probably will go down in history as routine. But if Sen. Barack Obama wins, it is more likely to be historic — and catastrophic.

Once the election is over, the glittering generalities of rhetoric and style will mean nothing. Everything will depend on performance in facing huge challenges, domestic and foreign.

Performance is where Obama has nothing to show for his political career, either in Illinois or in Washington.

Policies he proposes under the change banner are almost all policies that have been tried repeatedly in other countries — and failed repeatedly in other countries.

Politicians telling businesses how to operate? That's been tried in countries around the world, especially during the second half of the 20th century. It has failed so often and so badly that even socialist and communist governments were freeing up their markets by the end of the century.

The economies of China and India began to take off into high rates of growth when they got rid of precisely the kinds of policies that Obama is advocating for the United States under the magic mantra of change.

Putting restrictions on international trade in order to save jobs at home? That was tried here with the Hawley-Smoot tariff during the Great Depression.

Unemployment was 9 percent when that tariff was passed to save jobs, but unemployment went up instead of down and reached 25 percent before the decade was over.

Higher taxes to "spread the wealth around," as Obama puts it? The idea of redistributing wealth has turned into the reality of redistributing poverty, in countries where wealth has fled and a lack of incentives has stifled the production of new wealth.

Economic disasters, however, may pale by comparison with the catastrophe of Iran with nuclear weapons. Glib rhetoric about Iran’s being "a small country," as Obama called it, will be a bitter irony for Americans who will have to live in the shadow of a nuclear threat that cannot be deterred, as that of the Soviet Union could be, by the threat of a nuclear counterattack.

Suicidal fanatics cannot be deterred. If they are willing to die and we are not, then we are at their mercy — and they have no mercy. Moreover, once they get nuclear weapons, that situation cannot be reversed.

Is this the legacy we wish to leave our children and grandchildren, by voting on the basis of style and symbolism, rather than substance?

If Barack Obama thinks that such a catastrophe can be avoided by sitting down and talking with the leaders of Iran, then he is repeating a fallacy that helped bring on World War II.

In a nuclear age, one country does not have to send troops to occupy another country to conquer it. A country is conquered if another country can dictate who rules it, as the Mongols once did with Russia, and as Osama bin Laden tried to do when he threatened retaliation against places in the United States that voted for President Bush. But he didn't have nuclear weapons to back up that threat — yet.

America has never been a conquered country, so it may be very hard for most Americans even to conceive what that can mean. After France was conquered in 1940, it was reduced to turning over some of its own innocent citizens to the Nazis to kill, just because those citizens were Jewish.

Do you think our leaders wouldn't do that? Not even if the alternative was to see New York and Los Angeles go up in mushroom clouds? If I were Jewish, I wouldn't bet my life on that.

What the Middle East fanatics want is not just our resources or even our lives, but our humiliation first, in whatever sadistic ways they can think of. Their lust for humiliation has been demonstrated repeatedly in their videotaped beheadings that find such an eager market in the Middle East.

None of this can be prevented by glib talk, but only by character, courage, and decisive actions, none of which Obama has ever demonstrated.

Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University, Stanford, Calif. 94305. To find out more about Sowell, visit the Creators Syndicate Web page at Creators Syndicate - Celebrating 20 Years as a World-Class Syndicate Of Talent. His Web site is Thomas Sowell | Home.

If this man had of ran for president he'd had my vote hands down... You have been WARNED now go VOTE!!!!!!!
 
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Thomas Sowell
Rose and Milton Friedman Senior Fellow
The Hoover Institution
Stanford University
Stanford, California Thomas Sowell | Home or Thomas Sowell - Wikipedia, the free encyclopedia
had this to say to the public pryor to the upcoming elections....

By: Thomas Sowell
Some elections are routine, some are important, and some are historic. If Sen. John McCain wins this election, it probably will go down in history as routine. But if Sen. Barack Obama wins, it is more likely to be historic — and catastrophic.

Once the election is over, the glittering generalities of rhetoric and style will mean nothing. Everything will depend on performance in facing huge challenges, domestic and foreign.

Performance is where Obama has nothing to show for his political career, either in Illinois or in Washington.

Policies he proposes under the change banner are almost all policies that have been tried repeatedly in other countries — and failed repeatedly in other countries.

Politicians telling businesses how to operate? That's been tried in countries around the world, especially during the second half of the 20th century. It has failed so often and so badly that even socialist and communist governments were freeing up their markets by the end of the century.

The economies of China and India began to take off into high rates of growth when they got rid of precisely the kinds of policies that Obama is advocating for the United States under the magic mantra of change.

Putting restrictions on international trade in order to save jobs at home? That was tried here with the Hawley-Smoot tariff during the Great Depression.

Unemployment was 9 percent when that tariff was passed to save jobs, but unemployment went up instead of down and reached 25 percent before the decade was over.

Higher taxes to "spread the wealth around," as Obama puts it? The idea of redistributing wealth has turned into the reality of redistributing poverty, in countries where wealth has fled and a lack of incentives has stifled the production of new wealth.

Economic disasters, however, may pale by comparison with the catastrophe of Iran with nuclear weapons. Glib rhetoric about Iran’s being "a small country," as Obama called it, will be a bitter irony for Americans who will have to live in the shadow of a nuclear threat that cannot be deterred, as that of the Soviet Union could be, by the threat of a nuclear counterattack.

Suicidal fanatics cannot be deterred. If they are willing to die and we are not, then we are at their mercy — and they have no mercy. Moreover, once they get nuclear weapons, that situation cannot be reversed.

Is this the legacy we wish to leave our children and grandchildren, by voting on the basis of style and symbolism, rather than substance?

If Barack Obama thinks that such a catastrophe can be avoided by sitting down and talking with the leaders of Iran, then he is repeating a fallacy that helped bring on World War II.

In a nuclear age, one country does not have to send troops to occupy another country to conquer it. A country is conquered if another country can dictate who rules it, as the Mongols once did with Russia, and as Osama bin Laden tried to do when he threatened retaliation against places in the United States that voted for President Bush. But he didn't have nuclear weapons to back up that threat — yet.

America has never been a conquered country, so it may be very hard for most Americans even to conceive what that can mean. After France was conquered in 1940, it was reduced to turning over some of its own innocent citizens to the Nazis to kill, just because those citizens were Jewish.

Do you think our leaders wouldn't do that? Not even if the alternative was to see New York and Los Angeles go up in mushroom clouds? If I were Jewish, I wouldn't bet my life on that.

What the Middle East fanatics want is not just our resources or even our lives, but our humiliation first, in whatever sadistic ways they can think of. Their lust for humiliation has been demonstrated repeatedly in their videotaped beheadings that find such an eager market in the Middle East.

None of this can be prevented by glib talk, but only by character, courage, and decisive actions, none of which Obama has ever demonstrated.

Thomas Sowell is a senior fellow at the Hoover Institution, Stanford University, Stanford, Calif. 94305. To find out more about Sowell, visit the Creators Syndicate Web page at Creators Syndicate - Celebrating 20 Years as a World-Class Syndicate Of Talent. His Web site is Thomas Sowell | Home.

If this man had of ran for president he'd had my vote hands down...

John McCain is no war hero! He is a POW. That alone does not make you a war hero. John McCain does not have the temperament to be president. He is an out of control hot head, that blows up sporadically at the first little thing that ticks him off. He is mentally unstable from his time in captivity, and he has no class. He referred to his first wife as a "****" in a fit of rage and disrespects women! He is the Manchurian Candidate, and he aided his captors with information and made 32 propaganda videos for the enemy. It is a proven fact that John McCain voted with George W. Bush 92% of the time.

Barack Obama in comparison has class and he has the temperament to make rational decisions. John McCain still needs to be educated on economics. John McCain made the stupid mistake of picking Sarah Palin, hoping desperately to capture some of the Hillary voters. This is a pathetic strategy and a dumb one. Sarah Palin is no Hillary! :eusa_hand::eusa_whistle:
 
John McCain is no war hero! He is a POW. That alone does not make you a war hero. John McCain does not have the temperament to be president. He is an out of control hot head, that blows up sporadically at the first little thing that ticks him off. He is mentally unstable from his time in captivity, and he has no class. He referred to his first wife as a "****" in a fit of rage and disrespects women! He is the Manchurian Candidate, and he aided his captors with information and made 32 propaganda videos for the enemy. It is a proven fact that John McCain voted with George W. Bush 92% of the time.

Barack Obama in comparison has class and he has the temperament to make rational decisions. John McCain still needs to be educated on economics. John McCain made the stupid mistake of picking Sarah Palin, hoping desperately to capture some of the Hillary voters. This is a pathetic strategy and a dumb one. Sarah Palin is no Hillary! :eusa_hand::eusa_whistle:

rational? like raising his kids in a racist church?
 
rational? like raising his kids in a racist church?
Exactly elvis, these guys are desperately comparing apples to oranges Rev Wright is no role model for family consultation "GOD DAM AMERICAN&*(^)_(*(" with friend like these of Obamas (Bill Ayres , Rev Wright and Lewis Farrakhan) should throw up red flags??? Obamas foreign policy is lethally dangerous at best, especially on matters of Middle Eastern concerns(Isreal, Iran, Pakistan and Iraq)... If Obamas elected i fear the USA is headed down the road not only to total ruin, but to blackmail and all manner of treasonist debauchery...Obama would make Clintons treasonist activities look like a picknic walk in the park...
Clinton in the shadow of treason

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John McCain is no war hero! He is a POW. That alone does not make you a war hero. John McCain does not have the temperament to be president. He is an out of control hot head, that blows up sporadically at the first little thing that ticks him off. He is mentally unstable from his time in captivity, and he has no class. He referred to his first wife as a "****" in a fit of rage and disrespects women! He is the Manchurian Candidate, and he aided his captors with information and made 32 propaganda videos for the enemy. It is a proven fact that John McCain voted with George W. Bush 92% of the time.

Barack Obama in comparison has class and he has the temperament to make rational decisions. John McCain still needs to be educated on economics. John McCain made the stupid mistake of picking Sarah Palin, hoping desperately to capture some of the Hillary voters. This is a pathetic strategy and a dumb one. Sarah Palin is no Hillary! :eusa_hand::eusa_whistle:

Well I guess someone needs to say it...
And you sir, Are a fucking Idiot

:cuckoo:
 
Hmm. Interesting to me that we have guys like Thomas Sowell with his laissez-faire ideology to thank for this economic shitstorm. Sowell is a Milton Friedman fellow. Obama is also a Chicago School guy with Friedmanite roots. The problem with guys like Sowell is that any policy deviation from TOTAL unfettered capitalism sets them off and usually results in a smear piece like this. He's a radical, fundamentalist who believes that their should be ZERO oversight of the markets. I suspect he's pissed to see that Obama is actually taking a more cautious economic route by appointing economic advisors from both ideologies: Friedmanism and Keynesianism. If Austan Goolsbee and his team were the only economic advisors in the Obama camp, Sowell would be writing in support of Obama...NO QUESTION. The other issues he writes about are all complete fluff. Friedmanism has failed over and over again and has destroyed middle classes in countries around the globe. Friedman's name is even a liability at U Chicago these days. Having said all of this, I stand by my projection that Obama will turn out to be more of a capitalist than anyone expects.
 
Hmm. Interesting to me that we have guys like Thomas Sowell with his laissez-faire ideology to thank for this economic shitstorm. Sowell is a Milton Friedman fellow. Obama is also a Chicago School guy with Friedmanite roots. The problem with guys like Sowell is that any policy deviation from TOTAL unfettered capitalism sets them off and usually results in a smear piece like this. He's a radical, fundamentalist who believes that their should be ZERO oversight of the markets. I suspect he's pissed to see that Obama is actually taking a more cautious economic route by appointing economic advisors from both ideologies: Friedmanism and Keynesianism. If Austan Goolsbee and his team were the only economic advisors in the Obama camp, Sowell would be writing in support of Obama...NO QUESTION. The other issues he writes about are all complete fluff. Friedmanism has failed over and over again and has destroyed middle classes in countries around the globe. Friedman's name is even a liability at U Chicago these days. Having said all of this, I stand by my projection that Obama will turn out to be more of a capitalist than anyone expects.
No sir, Obama is a clear and present danger to USA foreign policy hands down...And like i said earlier id vote for Thomas Sowell before even dreaming of voting for an illegal alien(Obama)
poohforeignpolicy.jpg
 
Well I guess someone needs to say it...
And you sir, Are a fucking Idiot

:cuckoo:

Actually I don't think it needs to be said. Everyone on here pretty much knows it. GreenPartyAZ is a sheep who is only capable of reciting libbie rhetoric/talking points. If you investigate his posts you'll find almost all of his material comes from daily Moveon/Kos/HuffPo talking points.

Kids like him are sad. You have to take them for what they're worth. GPAZ is a joke. Nothing more.
 
No sir, Obama is a clear and present danger to USA foreign policy hands down...And like i said earlier id vote for Thomas Sowell before even dreaming of voting for an illegal alien(Obama)
poohforeignpolicy.jpg


The only mean dictators are the ones we didn't put in power and the ones we did, but who no longer represent our economic/capitalist ideology. Are you telling me that Sowell ISN'T a Friedmanite? I will say it again: If Austen Goolsbee and other Chicago boys comprised Obama's ENTIRE economic team, Sowell would be pro-Obama. You must realize that our foreign policy is dictated by our economic policy. There is no disputing this. Period. Sowell knows this.
 
John McCain is no war hero! He is a POW. That alone does not make you a war hero. John McCain does not have the temperament to be president. He is an out of control hot head, that blows up sporadically at the first little thing that ticks him off. He is mentally unstable from his time in captivity, and he has no class. He referred to his first wife as a "****" in a fit of rage and disrespects women! He is the Manchurian Candidate, and he aided his captors with information and made 32 propaganda videos for the enemy. It is a proven fact that John McCain voted with George W. Bush 92% of the time.

Barack Obama in comparison has class and he has the temperament to make rational decisions. John McCain still needs to be educated on economics. John McCain made the stupid mistake of picking Sarah Palin, hoping desperately to capture some of the Hillary voters. This is a pathetic strategy and a dumb one. Sarah Palin is no Hillary! :eusa_hand::eusa_whistle:
Your exactly right Sarah Palin doesnt have to stoop to the tactics of Neo Nazi Nutters... What Sarah has going for her, is shes just an average Joe the Plumber like most common Americans and thereby has a massive audience of her own, she doesnt need a shadowy husband figuare to get it... get it???
 
Your exactly right Sarah Palin doesnt have to stoop to the tactics of Neo Nazi Nutters... What Sarah has going for her, is shes just an average Joe the Plumber like most common Americans and thereby has a massive audience of her own, she doesnt need a shadowy husband figuare to get it... get it???

You just lost every bit of your cred by defending Sarah Palin. Thomas Sowell himself is horrified by her selection. She was a Hail Mary and if you don't think she was a pick forced by the machine and resisted by McCain, you're living at Michael Jackson's neverland.
 
The only mean dictators are the ones we didn't put in power and the ones we did, but who no longer represent our economic/capitalist ideology. Are you telling me that Sowell ISN'T a Friedmanite? I will say it again: If Austen Goolsbee and other Chicago boys comprised Obama's ENTIRE economic team, Sowell would be pro-Obama. You must realize that our foreign policy is dictated by our economic policy. There is no disputing this. Period. Sowell knows this.
Regardless of what you say or the sources thereof Sowell is doing the right thing by posting his article...Jesus said how can a house be divided?would Satan destroy evil or himself I should think not!!! Sowell saw the light and got the hell on the right track...Actually Sowells never been on the wrong side...

“The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.”
Thomas Sowell
 
Regardless of what you say or the sources thereof Sowell is doing the right thing by posting his article...Jesus said how can a house be divided?would Satan destroy evil or himself I should think not!!! Sowell saw the light and got the hell on the right track...Actually Sowells never been on the wrong side...

“The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.”
Thomas Sowell

Sowell is all about the Almighty Global Dollar! You're quoting scripture in defense of the love of money, the root of all evil. There is no right or wrong side,..wake up! Sowell is a MILTON FRIEDMAN scholar. He is a fundametalist, a slave to the ideology of unfetterd free-markets at ALL COSTS! You qoute SCRIPTURE and then post a Sowell quote rooted in Pragmatic philosophy. That tells me YOU are this Johnny that Sowell speaks of. Don't let the sale of good vs. evil for the sake of fundamental, global economics dictate to your own thought. For Christ sake...Wake up!
 
Hmm. Interesting to me that we have guys like Thomas Sowell with his laissez-faire ideology to thank for this economic shitstorm. Sowell is a Milton Friedman fellow. Obama is also a Chicago School guy with Friedmanite roots. The problem with guys like Sowell is that any policy deviation from TOTAL unfettered capitalism sets them off and usually results in a smear piece like this. He's a radical, fundamentalist who believes that their should be ZERO oversight of the markets. I suspect he's pissed to see that Obama is actually taking a more cautious economic route by appointing economic advisors from both ideologies: Friedmanism and Keynesianism. If Austan Goolsbee and his team were the only economic advisors in the Obama camp, Sowell would be writing in support of Obama...NO QUESTION. The other issues he writes about are all complete fluff. Friedmanism has failed over and over again and has destroyed middle classes in countries around the globe. Friedman's name is even a liability at U Chicago these days. Having said all of this, I stand by my projection that Obama will turn out to be more of a capitalist than anyone expects.

The Myth that Laissez Faire Is Responsible for Our Present Crisis - George Reisman - Mises Institute

The utter absurdity of statements claiming that the present political-economic environment of the United States in some sense represents laissez-faire capitalism becomes as glaringly obvious as anything can be when one keeps in mind the extremely limited role of government under laissez-faire and then considers the following facts about the present-day United States:

1.

Government spending in the United States currently equals more than forty percent of national income, i.e., the sum of all wages and salaries and profits and interest earned in the country. This is without counting any of the massive off-budget spending such as that on account of the government enterprises Fannie Mae and Freddie Mac. Nor does it count any of the recent spending on assorted "bailouts." What this means is that substantially more than forty dollars of every one hundred dollars of output are appropriated by the government against the will of the individual citizens who produce that output. The money and the goods involved are turned over to the government only because the individual citizens wish to stay out of jail. Their freedom to dispose of their own incomes and output is thus violated on a colossal scale. In contrast, under laissez-faire capitalism, government spending would be on such a modest scale that a mere revenue tariff might be sufficient to support it. The corporate and individual income taxes, inheritance and capital gains taxes, and social security and Medicare taxes would not exist.
2.

There are presently fifteen federal cabinet departments, nine of which exist for the very purpose of respectively interfering with housing, transportation, healthcare, education, energy, mining, agriculture, labor, and commerce, and virtually all of which nowadays routinely ride roughshod over one or more important aspects of the economic freedom of the individual. Under laissez-faire capitalism, eleven of the fifteen cabinet departments would cease to exist and only the departments of justice, defense, state, and treasury would remain. Within those departments, moreover, further reductions would be made, such as the abolition of the IRS in the Treasury Department and the Antitrust Division in the Department of Justice.
3.

The economic interference of today's cabinet departments is reinforced and amplified by more than one hundred federal agencies and commissions, the most well known of which include, besides the IRS, the FRB and FDIC, the FBI and CIA, the EPA, FDA, SEC, CFTC, NLRB, FTC, FCC, FERC, FEMA, FAA, CAA, INS, OHSA, CPSC, NHTSA, EEOC, BATF, DEA, NIH, and NASA. Under laissez-faire capitalism, all such agencies and commissions would be done away with, with the exception of the FBI, which would be reduced to the legitimate functions of counterespionage and combating crimes against person or property that take place across state lines.
4.

To complete this catalog of government interference and its trampling of any vestige of laissez faire, as of the end of 2007, the last full year for which data are available, the Federal Register contained fully seventy-three thousand pages of detailed government regulations. This is an increase of more than ten thousand pages since 1978, the very years during which our system, according to one of The New York Times articles quoted above, has been "tilted in favor of business deregulation and against new rules." Under laissez-faire capitalism, there would be no Federal Register. The activities of the remaining government departments and their subdivisions would be controlled exclusively by duly enacted legislation, not the rule-making of unelected government officials.
5.

And, of course, to all of this must be added the further massive apparatus of laws, departments, agencies, and regulations at the state and local level. Under laissez-faire capitalism, these too for the most part would be completely abolished and what remained would reflect the same kind of radical reductions in the size and scope of government activity as those carried out on the federal level.

What this brief account has shown is that the politico-economic system of the United States today is so far removed from laissez-faire capitalism that it is closer to the system of a police state. The ability of the media to ignore all of the massive government interference that exists today and to characterize our present economic system as one of laissez faire and economic freedom marks it as, if not profoundly dishonest, then as nothing less than delusional
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That's a great article. I'm no big fan of Bush or McCain, but nothing they could ever do would be as devastating to this great country as electing a socialist president. Sometimes you have to hold your nose and vote, that's what i'll do this time.
 
Sowell is all about the Almighty Global Dollar! You're quoting scripture in defense of the love of money, the root of all evil. There is no right or wrong side,..wake up! Sowell is a MILTON FRIEDMAN scholar. He is a fundametalist, a slave to the ideology of unfetterd free-markets at ALL COSTS! You qoute SCRIPTURE and then post a Sowell quote rooted in Pragmatic philosophy. That tells me YOU are this Johnny that Sowell speaks of. Don't let the sale of good vs. evil for the sake of fundamental, global economics dictate to your own thought. For Christ sake...Wake up!
9Volt the fact of the matter is that Sowell woke up himself!! read between the lines man... I read Sowells background before posting this so i understand his philosophy from his standpoint, however Sowells not pended to MILTON FRIEDMAN ideologies forever we all change and growup... I will never vote for a Socialist Marxist Illegal Alien w/poor foreign policy experiences w/atheistic and muslim upbringing (Obama), as i cannot go against my own conscious... Nor the traditions of my forefathers...I thereby would lose my very own SOUL!!!
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Did Sowell vote for Bush, twice?
You tell me??? I did and would do it again against Obama and not even think twice...I know where Bush came from, but i fear we may never know where Obama came from??????? But if Obamas elected i know where we are going...
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