Annie
Diamond Member
- Nov 22, 2003
- 50,848
- 4,828
- 1,790
I can't imagine Obama changing, but if he doesn't the results of last two elections may well come undone. But in time? I'm feeling the later part of this article.
Works and Days » Thoughts from the Later Republic » Print
Works and Days » Thoughts from the Later Republic » Print
Thoughts from the Later Republic
Posted By Victor Davis Hanson On November 14, 2009 @ 9:24 pm In Uncategorized | 48 Comments
Contrast recent media coverage:
The furor over Dick Cheneys past severed involvement with Halliburtonthe meowing over Bush-critic, liberal icon, ex-diplomat Peter Galbraiths present, ongoing conflict-of-interest as profiteer and pundit/advisor involving a multimillion-dollar oil scam in Kurdistan.
The son of share-the-wealth John K. Galbraith, Galbraith Minor barnstormed the air waves in the dark days of Iraq, in solemn tones predicting the end of Iraq, why Iraq must be trisected (e.g., giving the Kurds an independent country), and in general (in two books) predicting the end of constitutional Iraq. He ritually was slamming Bush, predicting ruinall at a time when the the U.S. was trying to reassure the Iraqis we supported the territorial integrity of their country and would not abandon them. Ok, fine, well and good, its a free country, and pessimism is sometimes warranted.
But now we learn that a possible pay-off for opposing US policy of Iraqi unity was a stake in a Kurdish oil field worth, according to some reports, a potential $100 million. (When did stone-faced diplomats and finger-in-the-wind pundits turn into Texas-style oil tycoons or Russian oilocrats?) Why did not Galbraith from the very beginning disclose his financial interests so that his readers, other diplomats, and those who consulted him might factor his profits into his prognoses?
...
The Great Disconnect
One of the oddest things is President Obamas continuing surprise at the rising unemployment rate. Indeed, we now have a new Orwellianism of jobs saved: as jobs are lost, we are told that some of those who do have them were saved by President Obama (note the logic: you ignore the stats that quantify reality, but hype fantasy).
If you were a contractor, a car dealer, a dentist, or an accountant, and if you heard that we may/will/sorta raise federal income taxes, lift the tax caps off FICA, think about a VAT tax, impose a health care surcharge on the wealthy, have new mandatory fees for forced medical plans and green energy, and had you just got hit with new raised sales and state income taxes, why would you feel secure about the future and gamble on it by hiring more employees?
And if you were to read daily that gold is rising, the dollar crashing, the debt and deficit exploding, the trade imbalance surging, and if you collated all that depression with cheap slurs about doctors, the Chamber of Commerce, the insurance industry, etc. as grasping and greedy, and if you were caricatured as a Nazi, astro-turfer, tea-bagger, or racist if you protested, and if you saw the federal government taking over banks and car companies, and shutting down some dealerships, but mysteriously not others, and if you heard of vast new entitlements and programs to come, from a take-over of the student loan program to cap and trade, would you then concludeWow, we have a serious sober President who supports the business climate, and will lead us out of recession, so by golly, I am going to go out and hire 2-3 more people to ride the coming wave of increased business!?
Or would you instead conclude, Hmm, our commander in chief likes neither me nor what I represent. He will take much of my profits and divert them to his own favored constituencies. So I better slow down, retrench, cut back, squirrel away some money to pay for new fees on power and health insurance, and find a smart accountant to advise on curbing my income so I dont end up giving 70% to the state and federal governments?
At some point, Obama may conclude that the vast presidential jet, the opulence of the Presidency, the power and influence at his fingertips, all that national wealth and more were not created by Acorn, community organizing, Michelles legal brilliance, Axelrods savvy advice, or Emanuels crassness, or by claiming that doctors needlessly take out tonsils and amputate limbs, or in general by sonorous tones promising to give someone vast amounts of someone elses money, but rather through preserving a climate of freedom, respect for continuity and tradition, and government non-intrusion into the market place that encourage people to try to go into business and retain some of their profitsas recompense for getting up on Saturday morning at 6AM to get down to open the dry cleaning store, or borrowing ones net worth to open a new stationary outlet, or staying late till 7PM to do a crown, or gambling that the new $500,000 crane will pay for itself in 5 years, or going under someones house on a Sunday to unclog the toilet when the employee doesnt show up.
I expect him soon either to continue as is and face a historic rebuke in 2010, or to begin scrambling to talk about the debt, fiscal sobriety, and American exceptionalismhis Carter or Clinton call.
These are the most interesting of times: we are witnessing nothing less than an attempt in just 10 months to reinvent the United States at home and abroad into something it never was, led by someone who, the more soothing, comforting, and melodic his speech-making, the more bruising, cut-throat, and ruthless the act that follows.
So its like were living in the late Roman Republic