22 February 2009

Bush's Third Term

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During the last election, Americans faced a choice between bigger government and massive government. Liberals worried McCain would lead us to a third Bush term, but it looks like we got that anyway. Everything fans of Obama criticized about Bush have been magnified by the current administration.

  • Liberals criticized Bush for his massive spending and deficits. In his first 45 days in office, Obama has spent more money than any other political leader in history and expanded the deficit by over a trillion dollars, which is about 10% more onto the total deficit in one year.
  • During the election, we heard endless rants about the "quagmire" in Iraq and the money being wasted there. Obama tells us now that he won't finish the withdrawal for 18 months, by which time most of his accolytes will have forgotten and not mind if he hopes and changes his mind.
  • Karl Rove, Scooter Libby, Bill Frist, and George Allen among others faced indictment and scrutiny as part of liberal outcry against corrupt bureaucrats. At least four of Obama's cabinet nominees were tax cheats and had to withdraw. I have never seen so many criminals nominated to high office, and yet the media and law enforcement seem not to care. Tom Daschle only paid the IRS for the two of five years for which he didn't pay taxes since they didn't catch him on the other three.

  • At the end of Bush's presidency, people moaned over economic problems. At that point, the Dow had lost 2000 points off it's all-time high, but since Obama took the oath of office, the Dow has lost 2000 MORE points, and it loses about 100 points every day he gives a speech (which is every damn day). To top it off, in the State of the Union, Obama prophecied that it would get worse; I thought the Messiah would heal the land. Where is the economic holy grail he promised us? Where is the hope and change? I see doom and gloom, which is the modus opporendi of the Democrat party today.
That's just a few things, but Obama has not fixed anything. Don't count on him doing it. Believe it or not, the President is pretty impotent to effect change. Machiavelli wrote in The Prince about this kind of deception. President Obama is already walking a fine line for making promises he cannot or will not keep. If a prince is overly generous to his subjects, Machiavelli asserts he will lose appreciation and will only cause greed for more because most people do not spend other people’s money as carefully as they spend their own. Once you establish precedent and expectation, if you remove the incentives, you can anger the people against you who have grown dependent on those subsidies. Additionally, being over-generous is not economical, because eventually all resources will be exhausted. Even if you took all the money from everyone who earns $500K+ this year, it would not cover Obama’s proposed budget.

Higher taxes are inevitable if the prince is too generous. However, Obama will be praised for the illusion of being reliable in keeping his word, even if he doesn’t actually do it and pushes it off to other people to actuate. Presidents often propose programs that do not come to fruition until after their term of office so that they can appear gracious without intention of ever keeping their word and then let history blame their successors for inability to keep promises they did not make.

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