Originally Posted by spence
It has nothing to do with incompetence and everything to do with larger trends.
Obama inherited a trillion + defecit and given the reduced tax revenues, war expenditures and pre-planned spending there's little a McCain president could have done to avoid adding similar debt. Sure, there's the gamble that stimulus spending was unecessary but I'm willing to wager it helped keep us slipping into a worse situation.
It has everything to do with a central government acting like a giant corporation with top-down directives on how the underlings will conduct the business. It has everthing to do with the "directors" of this giant corporation irresponsibly gambling with the earnings of the underlings and assuming unpayable debts that are transferred to some of the underlings who must sacrifice more and more of their earnings not only to pay down the unpayable debt, but to allow the "directors" to irresponsibly gamble more and accrue more debt. It has everything to do with the "directors" pitting enough of the underlings, who are allowed to pay less or nothing toward the gambling and debt accruing, against the underlings who must pay more, thus keeping enough "happy" with the gambling and debt as they are brainwashed into believing that they benefit from the gambling and unpayable debt and will have to pay less or nothing to sustain the unsustainable.
And as for those who believe that all will be, somehow, better if the "directors" would just act "responsibly," they willingly, or ignorantly, miss the point that the irresponsibility does not lie in the gambling or debt accruing, which the "directors" believe is necessary and proper and totally responsible to achieve the goals of government benevolence according to the dictates of the "directors," but the irresponsibility is in doing that which the Constitution never intended for them to do. The irresponsibility can only be corrected by the dismantling of this illegal giant government corporation, and by returning the power and responsibility of creating an "economy" to the people, in whom the Constitution originally vested such responsibility.
So you agree that nobody could turn things around overnight but the fact that things are getting better still isn't good enough, it's not fast enough for you. We could always sprinkle some magic dust on the US economy...that would fix the EU and China as well...right?
Sprinkling fairy dust, as you so often do, over the actions of our central administrative and unelected bureaucracy, in whom you have a magically unwarrented trust, will merely continue the "irresponsible" spending.
The problem right now isn't Obama, it's a political system that can't agree on even the most basic steps forward. Sure, there is plenty of blame to go around but either party would be well served to compramise with whomever is elected.
The problem is a political system that is run by a constitutionally unintended fourth branch of the federal government--the nearly 400 regulatory agencies that are responsible for most of the new, annual, regulations that fill the 80,000 new pages of the Federal Register every year. No one person, not the President, not the congressmen, not the judges, not any of the bureaucrats, reads all 80,000 pages per year. None know the totality of what's in those pages. And we are bound, as underlings of this giant corporation, to obey those regulations and run our lives and businesses accordingly. And the new regulations keep coming, and more agencies are created. And the problem is a political system that has been transformed from a limited central government to an all-powerful one that can create these agencies, and can tax at will, and spend at will, and the only barrier left to defend us against that directorate, is the uncompromising bickering among the "directors." Heaven help us if they all finally agree on how to run our lives.
We know how the GOP responded to Obama's win.
-spence
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