Wednesday, January 21, 2009

You are the problem

By Donald Sensing

George Will, on President Obama's inauguration speech:

... one of his themes, delicately implied, was that Americans do not just have a problem, they are a problem.
I don't think it was so "delicately implied." Anyway, if may be so indelicate myself, I would point out to Mr. Will that he is walking ground I broke going on six years ago, for in 2003 I wrote this:

... big-government activism has come to define the governing philosophy of both parties today. The rising tide of big government has swamped us, held only temporarily at bay by the levees of the Reagan years. (And not really even then, since non-defense spending rose during the Reagan administration.)

Because the present-day Republicans and Democrats are both big-government activists, they have a foundational philosophy that is the same:

America is a problem to be fixed, and Americans are a people to be managed.
I predict that the Bush administration will be seen by freedom-wishing Americans a generation or two hence as the hinge on the cell door locking up our freedom. When my children are my age, they will not be free in any recognizably traditional American meaning of the word. I’d tell them to emigrate, but there’s nowhere left to go. I am left with nauseating near-conviction that I am a member of the last generation in the history of the world that is minimally truly free.
Six calendar years after that post, I say that the demise of freedom in this country has accelerated even faster than I imagined back in 2003. With the unconstitutional power grab embodied in the various "bailout" bills (how many are there enacted or proposed? I can't keep count), the federal government now controls the core of the American economy, the credit and investment markets, and is deeply leveraged into the production economy. This is not one step short of a controlled economy, it is a controlled economy. The secretary kommissar of the treasury now has the permanent mandate to intervene and indeed take control of the markets in any way he sees fit, anytime he desires.

Surely no one is so naive as to think this power will be used only rarely and delicately as time goes on. Rather, the socio-economic engineering urges of the Obama administration will be ever less restrained. Remember Steven den Beste's dictum: "The job of bureaucrats is to regulate, and left to their own devices, they will try to regulate everything they can." No one seeks or accepts high, powerful, federal office in order to do little. And failing to do little is exactly what Obama et. al. will do.

But the path Obama trods was smoothed by G. W. Bush. Where does that path lead? Dick Morris writes, "Here Comes Socialism:"
In the name of stabilizing the banking system, Obama will nationalize it. Using Troubled Asset Relief Program funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders -- the government, not private investors. So who will buy common stock? And the government will demand that its bills be paid before any profits that might materialize are reinvested in the financial institution, so how will the value of the stocks ever grow? Devoid of private investors, these institutions will fall ever more under government control.
And, he says, Obama's deleterious effects on health care will be even worse.

Big government is itself apolitical. It cares not whose party is in power. It simply continues to grow. Its nourishment is the people’s money. Its excrement is more and more regulations and laws. Like the Terminator, "that’s what it does, that’s all it does." Roosevelt, Bush, Obama: we're a day into Terminator 3 now, and you know how that movie ends.

1 comment:

xlbrl said...

The parties are gamesters, but government keeps the table, and is sure to be the winner in the end.

The only way to keep government from abusing its power it to not grant it in the first place.