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Monday, July 18, 2011


Originally at American Thinker

When your relatives publicly expose your horrifically indefensible thinking, it may be time to rethink your thinking. Milton Wolf, a cousin of Barack Obama, writes:

The devastation caused by Obamanomics is now undeniable. According to Investors Business Daily, 2 million net private-sector jobs have been lost; unemployment has increased by 1.5 percentage points; long-term unemployment is the worst ever on record; the dollar is 12 percent weaker; the number of Americans on food stamps has increased by 37 percent; the Misery Index (unemployment plus inflation) has increased by 62 percent; and the national debt has exploded by an alarming 40 percent. Mr. Obama is on pace to saddle America with more job-killing debt than all the first 43 presidents — combined.

It didn’t have to be this way but Mr. Obama is trapped in the mistaken belief that America’s problems can only be solved by growing our government ever larger. When all you have is a hammer, everything looks like a nail.

Barack Obama fashioned a hammer using a “progressive” worldview that conceives solutions to all problems as government solutions. Progressives see humanity as a mass of dumb and pitiful low-level creatures needing guidance by a few wise and magnificent superiors.

Today’s leader of the high-level critters also displays another behavioral characteristic that endears him to progressives. Barack Obama is a tyrant. The American President is a my-way-or-the-highway ideologue supported by media ideologues that portray him as an adult donkey among infantile elephants. Obama is dictating conditions for any debt resolution plan. Competitive Enterprise Institute’s Hans Bader captures the President’s inflexible posturing.

President Obama is refusing accept deals that would raise the federal debt ceiling because they would require him to accept cuts in wasteful green-jobs and rail boondoggles and stimulus spending:  ”The president has made a bipartisan agreement even more difficult by declaring certain spending off-limits to cuts. Mr. Obama’s ‘untouchable’ list includes his $1 trillion health-care reform, $128 billion in unspent stimulus funds, education and training outlays, his $53 billion high-speed rail proposal, spending on ‘green’ jobs and student loans, and virtually any structural changes to entitlements except further squeezing payments to doctors, hospitals and health-care professionals.

Clinton era Republicans can fairly be credited with unbalancing the Clinton era balanced budget. President George W. Bush and Bush era Republicans can fairly be credited with shepherding a spending binge that dimmed rebalancing prospects. But Barack Obama has turbocharged the Bush era spending trend with trillion-dollar-plus deficits as far as the eye can see. Obama created a national debt crisis for which his dictated preconditions serve as roadblocks. The central feature in Obama’s debt solutions consists of enacting additional taxation on the nation’s biggest employers, small businesses. Such “solutions” would further wither the withering Obama economy.

Obama’s cousin Milton points out, “The eye does not see what the mind does not know.” Indeed, Barack Obama understands little about sound economics but a great deal about ideological agenda pushing. The American people will not experience anything resembling sound economics from the Ideologue in Chief. In the debt resolution standoff, if Republicans blink and agree to raise taxes on Americans, we shall suffer Obama’s ideology all the way down. The distance to the bottom is anyone’s guess.

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