Just a little update from my Post Yesterday. It looks like Mark Steyn, whom I love immensely, thinks along the same lines as I do, that HRO is determined to destroy America’s economy in order to bring about his designs on the perfect Euro-topia, the USSA (United Socialist States of America).
NOTE: Look at the tanking of the DOW the last two days after the brief 100+ blip on Wednesday (after 5 consecutive days of going down) as Obama continues to lay out his plans and policies. With every opening of his golden mouth (even though he continues to say that nothing his administration or his words have any effect on the market) it drops again (yesterday after the Health Care plan) and again (early on it was down 109 , but came back up to a whopping +32.50 after his speech in Ohio this morning) AND he hasn’t even gotten to instituting Cap & Trade yet–imagine what that will do to the DOW Industrials since he plans to completely destroy business and companies to fight the Anthropogenic Global Warming Hoax.
From the NRO Corner Blog:
In The Wall Street Journal, Michael Boskin writes:
Mr. Obama’s $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.
What emerges from such a blueprint will not be America. The United States will survive as a geographical designation, a collection of zip codes, but what goes on within them will be a Euro-Canadian form of societal arrangement (I write more on this in the new NR, out today, I do believe).
If you’re David Brooks or Christopher Buckley, you’re baffled at what your sensible moderate bipartisan economic centrist president is doing. If your objective is to “stimulate” the economy, why would you do this stuff?
But, if your objective is fundamentally to transform the relationship between the citizen and the state, it all makes perfect sense. On the radio yesterday, Mark Larson asked me about all this and I replied:
As Rahm Emanuel says, he has essentially to use the crisis as an opportunity. And that’s what it’s about. I think that the plummeting Dow actually serves his purpose… My worry is, though, that when you look at the riots that have been happening in Bulgaria and Greece and Iceland and other places, is that when people turn against the government, it’s usually because they’re banging on the door of parliament saying why don’t you guys do more for me? In other words, they’re saying a $3.7 trillion dollar package isn’t enough, we need a $20 trillion dollar package. So I’m a bit worried that when this public dissatisfaction with Obama starts, a big chunk of it will be from people who are actually demanding even bigger and even more Europeanized solutions to these things.
Obama’s priority is not the restoration of the economy but, as he says, the “remaking of America.” If you take him at his word, his indifference to the Dow makes perfect sense.