Dear Friends,
It seems to me, when a car goes into a ditch, to blame the car manufacturer, passengers, bystander or gas station, that changed the oil a few weeks ago, is ludicrous. Today, the unbiased media claim it is everyone but the driver, that put the car into the ditch. We pull it back onto the road, he puts it right back into the ditch again, and the only one who escapes all blame is the driver. The first time it went into the ditch they might have had an argument, economies go into recession it is a matter of economic reality, the second time it went into the ditch, their argument was getting weak, the third time their argument mimics the theater of the absurd. Now we are in the ditch a fourth time and the driver is pointing at the people who paved the road. At what point do we take the driver’s license away from this incompetent nincompoop? The damage to the car gets worse every time he puts it into the ditch… and we all must ride in it.
I am of course speaking of Obama’s handling of the US economy. He subscribes to the command and control theory of economics. This theory was proven wrong in Cambodia, the USSR, China, North Korea, Cuba, and now in Europe, Venezuela, and Zimbabwe. As I have pointed out many times in this blog, commend and control, or top down economics, is fundamentally inefficient. The complex system that is an economy doesn’t lend itself to one man or a small cadre of powerful officials ordering it. Too many decisions must be made every second for this model to work. Not to mention the proclivity of people, who are merely flawed human beings, to misuse the inordinate power to enrich themselves and their political allies, at the expense of everyone else.
Someone should tell Obama the blamer, that when he points the finger at someone else, three fingers are pointing back at him. No one likes a blamer. They smash everything they touch and blame someone else for their actions. Blaming is not a viable way for a President to run a country. It is the primary way socialists channel credit for a ruined economy from themselves however. This is as pernicious a means of avoiding fault as any. It was highlighted in Orwell’s book, Animal Farm, when the pigs blamed Snowball for all the negative repercussions of their policies.
Obama is the most powerful President the United States has had in my lifetime. The only two Presidents that came close were FDR and Wilson. These imperial Presidents, Obama, Wilson and Roosevelt had the same economic policies, IE top down command and control. In the case of FDR and Wilson the theory was new and hadn’t been so thoroughly disproved. Today with all the history against it, you would think that even a fool who had a modicum of education, would clearly see this fact. Unfortunately our school systems in the US and Europe white wash the reality of this economic sophistry.
When the initial downturn happened economic circles broke into two factions. There were the V shapers and the U shapers. The V shapers claimed the downturn would quickly turn around, and the economy would go into a time of high GDP growth, the U shapers said the economic downturn would take a bit longer but after a longer bottom, would go into a period of high growth. Both were wrong, this economic down turn has been characterized by an economic cycle that bumps along the bottom, like a fishing lure. Unfortunately there are no fish willing to bite anymore. We can rightly call this an L shaped recession… a drop with no recovery.
Obama is inebriated with his own press and power. His rhetoric effects the Supreme Court, he wins Nobel Prizes without accomplishing a thing, the unbiased press love and protect him, and he is fawned over by the cultural Elite. He has fallen victim to his own hubris. The unbiased media are claiming the economy was back on the road in the first quarter of this year but now is back in the ditch. They bend logic pointing at everyone and everything… but the driver. It seems to me that it is time to take the license from this drunk before he kills more people.
Sincerely,
John Pepin
