Tuesday, February 26, 2013

Obama: Genius of Being There?

Some conservatives like to think of President Obama as an empty suit.  Who knows?  Who knows anything about a public figure, given that public figures live by publicity, and we peons really know  nothing about them?

But the facts are that President Obama and his team won two presidential elections.  So the team won ugly, you say; but the president and his team still won.  I suspect that the bottom line reason for the president's success is that the American people aren't ready to move on from the entitlement state, and they won't be until they lie buried in its ruins.  Why should they?  As long as you can get free stuff, why worry?

So the president's policy is simply "Tax, Cut, and Pray" according to  James Pethokoukis, as in: cut defense, tax the rich, and pray the slowdown in health costs continues.

Every military commander has a idea in his mind about how his army is going to win, and the only way that Obama wins through is if the continuous explosion in health cost abates.  So naturally he believes that ObamaCare will "bend the cost curve."  The president and his liberal advisors have to believe that, otherwise they would have to "do something" about it.  And really, the only thing they care about is the next election, and you certainly don't win the second midterm by telling your base that the gravy train is ending.

It helps, in the fog of war, to cut to the chase, and I have been doing so with Thomas Sowell's Basic Economics.  The point he makes, again and again, is that the price system is the only thing we know that can coordinate an economy of strangers.

And the reason it works is that the price system and the system of profit and loss force people to fix their mistakes.  Here is Sowell in Chapter 7: Big Business and Government.
People make mistakes in all fields of human endeavor but, when major mistakes are made in a competitive economy, those who were mistaken can be forced from the marketplace by the losses that follow.  In politics, however, those who were mistaken can often continue to survive by doing things that were never contemplated when their positions and their powers were created.
We have been seeing this from President Obama recently.  He proposes a universal pre-K program even though the governnment's Head Start program has been shown to have no measurable long-term effect on the pre-K children it serves.  Why not?  It may not help children but it certainly gives mothers a break and it will provide lots of jobs to deserving Democrats.

Now, it is fair to say that we need the government to do things that the private sector would not do on its own.  But really, are we saying that people would not save for retirement without Social Security?  That they would not make provision for end-of-life health care with Medicare?  That they would not raise children into competent adults without government education?

And are we to say that a government program that fails to respond to and correct its mistakes is better than a private sector provision that does, that must, correct its mistakes?

It's pretty obvious why we have all these government programs.  It's because we humans are all secret freeloaders.  We cannot resist the idea of someone else paying for our free stuff.

Politics is the art of gathering a band of brothers to get out there and get some free stuff, and President Obama seems to understand that at a deep instinctive level.

Because promising your supporters free stuff seems to work right up until the moment that the free stuff runs out.

Call the president a genius.

1 comment:

    Registered Number – 1026167

    Registered office
    1 Churchill Place, London E14 5HP.

    Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and authorized and regulated by the Financial Services Authority (FSA No. 122702). We’re one of the largest financial services providers in the world, Also we engage in retail banking, credit cards, corporate and investment banking, wealth and investment management.
    We are here to introduce a loan program that will help improve you financially and our only focus is on providing you with great service and helping you meet your financial needs.
    We offer a low rate at 2% interest. We do however receive commission from payday lenders and brokers when customers enter into a consumer credit agreement with them, having been introduced via our service.

    *Home Owner Loans
    *Graduate Loan
    *Debt Consolidation
    *Professional and Career Loan

    Applicants interested in this loan offer are to SEND the details information to the account overleaf.

    (1) Full Name:
    (2) Loan Amount Needed:
    (3) Duration of Repayment:
    (4) Country:
    (5) Marital Status:
    (6) Gender:
    (7) Age:
    (8) Occupation:
    (9) Mobile:

    Enjoy Online Services with Barclays