
 |
|
Feb. 8, 2013
|
| |
Jewish World Review
March 3, 2009 / 7 Adar 5769
A blueprint for a remaking
By
Jonah Goldberg
| 
|
|
|
|
http://www.JewishWorldReview.com |
The economy is in the Slough of Despond, according to President Obama. If we don't do what he says, we invite a catastrophe from which we may never recover. Indeed, in his address to Congress last week in a passage intended to be hopeful and uplifting Obama compared our plight to that of America in the darkest days of the Civil War, Great Depression, World War II and the Industrial Revolution.
But there's good news! According to his budget which he assures us is an "honest accounting" of our predicament the economy will shrink by only a measly 1.2% this year (it fell by a 6.2% annual rate in the final quarter of 2008) and then take off next year with 3.2% growth and soar for years to come.
So which is it? Are we facing the biblical doom described in Ghostbusters where fire and brimstone come down from the skies, rivers and seas boil, the dead rise from their graves, and dogs and cats live together? Or, are we in a steep-but-conventional recession that will run its course by the end of the year and be replaced by higher than normal growth?
Well, it depends on which Barack Obama you happen to be listening to. It's tempting to say the man is two-faced, but that seems like a woeful undercount. The man has more facets than a disco ball, more angles than a rhombic triacontahedron.
He cites and incites fear over the financial crisis, the recession and the housing mess to justify his enormous expansion of government, but most of his priorities have little to do with any of these things. Candidate Obama promised a net budget cut. But President Obama wants to increase discretionary spending by 12%. He proposes increasing taxes by $1.3 trillion and entitlement spending by at least $700 billion, but insists that he doesn't believe in "bigger government."
He loves to point out that he inherited a large deficit from the Republicans which he did. But for reasons that are hard to grasp, he then suggests that this means Republicans have no right to complain when the deficit quadruples in one year or when he seeks to spend trillions of dollars on programs that have nothing whatsoever to do with ending the recession. Democrats flayed President Bush for deficits in the $300 billion to $400 billion range, when the country was at war and recovering from 9/11. Obama boasts that the deficit will be down to $500 billion to $600 billion during "peace and prosperity" and that's only if his absurdly rosy scenario comes to pass. And we are supposed to applaud his fiscal seriousness to boot.
But the schizophrenia runs even deeper. The White House and congressional Democrats simultaneously caterwaul about the deficit they inherited from Republicans while they also tsk-tsk the GOP's woeful failure to spend on "underfunded" domestic priorities. During the Bush years, spending whoops, sorry, "investment" in most of these burning domestic priorities soared: education (58%), Social Security (17%), Medicare (51%), health research and regulation (55%), highways and mass transit (22%) and veterans' benefits (59%). But, according to Democrats, if they had been in charge we would have spent a lot more on these pressing needs and we wouldn't have this terrible Republican-fueled deficit. How does that work?
The White House says withholding $13 less each week from most workers' paychecks is a major tax cut. But it doesn't see raising the cost of gas, electricity and heating oil as a tax hike. Some even say that raising taxes on energy, and therefore manufacturing, not to mention investing and small business, isn't a great idea in a recession.
Fortunately, Obama says this will all work out, and his words trump any form of earthly logic. For example, the president claims that he's actually cutting the budget by not spending money on the Iraq war. The problem is he's counting enormous spending on Iraq $170 billion a year that not even President Bush ever envisioned, all the way through 2019 (Bush planned on a 2012 withdrawal). In other words, he's "cutting" hundreds of billions from money no one ever planned to spend, in years when he won't even be president, and touting that as savings. Why not simply count the trillions in savings we would reap from forgoing a long and brutal war with the Klingon empire?
No, seriously, try this with your boss sometime. First, go buy a Mercedes on the company credit card. Then tell him that you saved money because you were planning on buying a Lear Jet two years after your mandatory retirement age. Then ask him for an attaboy, or even a raise. See what he says. I dare you.
Meanwhile, not a penny of the actual money raised under the Obama budget ever goes to reducing the deficit. It all goes to new or increased spending. Obama says that he and his team went "line by line" through the budget and found "$2 trillion in savings." But along with the fictional Iraq war savings, the bulk of the rest a trillion dollars comes from increased taxes.
And that's the translation key to both Obama's rhetoric and his numbers. Raising taxes is, in Obama's eyes, a form of "savings" because whatever money you earn belongs first and foremost to the government. As he told Congress, Bush's tax cuts amounted to a "transfer (of) wealth to the wealthy." In pre-Obama America, keeping more of the money you earned wasn't considered a government transfer payment. But, as he promised in his inaugural address, his goal is the "remaking of America." With little more than a month in office, he's off to a good start.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
To comment on JWR contributor Jonah Goldberg's column
click here.
Jonah Goldberg Archives
© 2006 TMS
|
|

Arnold Ahlert
Mitch Albom
Jay Ambrose
Michael Barone
Barrywood
Lori Borgman
Stratfor Briefing
Mona Charen
Linda Chavez
Richard Z. Chesnoff
Ann Coulter
Greg Crosby
Alan Douglas
Larry Elder
Suzanne Fields
Christine Flowers
Frank J. Gaffney
Bernie Goldberg
Jonah Goldberg
Julia Gorin
Jonathan Gurwitz
Paul Greenberg
Argus Hamilton
Victor Davis Hanson
Betsy Hart
Ron Hart
Nat Hentoff
Marybeth Hicks
A. Barton Hinkle
Jeff Jacoby
Paul Johnson
Jack Kelly
Ch. Krauthammer
David Limbaugh
Kathryn Lopez
Rich Lowry
Michelle Malkin
Jackie Mason
Ann McFeatters
Dale McFeatters
Dana Milbank
Jeanne Moos
Dick Morris
Jim Mullen
Deroy Murdock
Judge A. Napolitano
Bill O'Reilly
Kathleen Parker
Star Parker
Dennis Prager
Wesley Pruden
Tom Purcell
Sharon Randall
Robert Robb
Cokie & Steve Roberts
Heather Robinson
Debra J. Saunders
Martin Schram
Culture Shlock
David Shribman
Roger Simon
Michael Smerconish
Thomas Sowell
Ben Stein
Mark Steyn
John Stossel
Cal Thomas
Dan Thomasson
Bob Tyrrell
Diana West
Dave Weinbaum
George Will
Walter Williams
Byron York
ZeitGeist
Mort Zuckerman

Robert Arial
Chuck Asay
Baloo
Lisa Benson
Chip Bok
Dry Bones
John Branch
John Cole
J. D. Crowe
Matt Davies
John Deering
Brian Duffy
Everything's Relative
Mallard Fillmore
Glenn Foden
Jake Fuller
Bob Gorrel
Walt Handelsman
Joe Heller
David Hitch
Jerry Holbert
David Horsey
Lee Judge
Steve Kelley
Jeff Koterba
Dick Locher
Chan Lowe
Jimmy Margulies
Jack Ohman
Michael Ramirez
Rob Rogers
Drew Sheneman
Kevin Siers
Jeff Stahler
Scott Stantis
Danna Summers
Gary Varvel
Kirk Walters
Dan Wasserman

Mr. Know-It-All
Ask Doctor K
Richard Lederer
Frugal Living
On Nutrition
Bookmark These
Bruce Williams
|