Posted by
NYMike on Friday, February 27, 2009 12:00:00 AM
With recent event the following things stand out to me:
1) Obama has summarily transferred an even greater amount of power from the
states to the federal govt - continuing the goals of the big dem
movement started w/ FDR - that his stimulus so entices and goads state
government into accepting fed funds in exchange for federal control
over how their states are governed - do you realize how innocent the
national 55 mph speed limit was when it was enacted in the 70s to save
gas? and yet it was not a federal law, it was a mandate - forcing the
states to comply or they would jeopardize federal highway funds. These
leftists have surely accomplished what they wanted thus far.
2) The
talking heads on cnbc and those on wall street are shocked and dismayed
- yet they voted the guy in. And as they rant and worry about how
profit is going to survive and "what are they thinking" - they are
doing exactly what marxists do, they are eliminating any incentive and motive for profit - working for profit is in danger and that is their
goal - the talking heads seem to be speaking as if the destroyers don't
understand what they are doing but they know exactly what they are
doing - eliminating the quest for profit in our society makes every
entity beholden to the federal trough, individual and corporate.
3)
He ingeniously and without apology or consultation with congress has
inserted a budget for a nationalized health care system to the tune of
some $800 Billion where no plan or bureaucracy exists - yet once the
funds are there the bureaucracy will follow, never to be undone -
national health care or no national health care.
4) He alone is
consolidating power inside the white house and bypassing congressional
oversight and responsibility with all these csars and new white offices
of this and that, obliterating the serparation of powers and usruping
congress's and thereby the people's input on legistlation - BUT we the
people are getting what we deserve. And of course the Dem congress has
no problem with that anyway. His white house is effectively setting a
marxist legislative agenda without apology and without any checks on
his power - and when Ginsberg is gone he will have the supreme court as
well.
5) The stock market is no longer reacting to itself, or responding to market fundamentals or technicals - the market is reacting day by day, hour by hour, to pronouncements and prognostications of bureaucrats and those in government who have never runa company or earned a profit in thier life - the market is no longer reacting to capital inflows, profits, dividends, price to earning ratios, return on investment, free cash flow, bond yields, futures, commodity demands, business cycles, or any of the myriad metrics that drove the success of the US in the last 50+years - and that is also what the left is looking for - a market driven by fear and fiat, by sound bite and press secretaries.
When he wrote in his book how he searched out all the
radicals and the marxist professors he could he took it to heart - and
as newspapers fail all over the country and media companies become more
polarized - and as his administration increasingly becomes the arbiter
of who wins and loses and in what industries, we cannot be surprised at
all by the turn of events and the hard turn left we have taken.
We
will see how the country and the world reacts to a US unemployment rate
of 12-15 percent by Feb/Mar 2010 and $10 oil, yet $3 gas, and inflation
at 8% - and zero capital flowing into the markets and china not buying
our debt anymore, and an Israeli- Iran (Arab world) war. All the while
the bureaucracy grows and eats at itself and forces the achievement
class in this country almost underground, or maybe off shore, to wait
it out - perhaps never to return - while our kids learn to live on 30%
of their income and what prosperity their parents could afford to leave
them, if the government hasn't taken it all by then.
This
mortgage cramdown, while being decried as impossible on the right and
rewarding failure and driving interest rates up even further as a
result, is exactly what they want to happen - along the line so of
destroying the motive for profit and the incentive to achieve, contrary
to Obama's cry for responsility, the course he is setting and policies he is
promoting and unilaterally implementing are creating an environment that
the underclass will be perfectly happy living in, with the 13% of housing stock
in default in the US effectively being turned into government housing.
When these people were in section 8 housing or living in apartments,
how much better is the greater square footage in a house the government
basically pays the bank to write down.
The slopes cannot be at a
more precarious angle, they know it, and it is what they want to
happen, to further their plan for the greatest dependence on government
ever, on the backs of the acheivement class, who will eventually stop
acheiving - how right Ayn Rand and Freidrich Hayek were - they lived it
in the Soviet Union and the GDR - and it is not hyperbole to say we are
experiencing the early stages of what they lived now.