The Un-Recovery

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This is to say nothing of the capricious application of laws already on the books that has come to define the Obama administration. As the primary creditors of General Motors and Chrysler learned in 2009, knowable law can just as easily be tossed aside by this administration, which kicked those primary creditors to the curb and awarded control of GM and Chrysler to the United Autoworkers Union (UAW), despite their secondary credit status. This egregious abuse of power is a testament to the progressives’ conviction that the heavy hand of government is the only remedy for our current economic condition. Yet as the Heritage Foundations’ Andrew Grossman explained in testimony before the House Judiciary Committee on May 22, 2009, such abusiveness has long-term consequences:

[I]n rescuing Chrysler and General Motors, the federal government has trampled the rule of law in ways that will prolong our current recession unless Congress acts to rein in the excesses of the Administration’s interventionist policies.

Two years later, those “interventionist policies” remain in place. Not because they’re working, but because progressives remain ideologically wedded to their convictions in spite of all evidence to the contrary. As the Weekly Standard’s Fred Barnes points out, the president “appears to have learned nothing about what stirs the economy and produces jobs and growth,” that his “economic panacea is government spending” and that “Obama is the greatest proponent of crony capitalism since FDR proposed cartels under the National Recovery Act. He does big favors for corporate supplicants and recipients of government subsidies while largely ignoring small business” — even as small businesses have produced 60 to 80 percent of net new jobs annually over the last decade. And while progressives point out the “success” of FDR’s government pump-priming programs, they ignore the assessment of his own loyal Treasury Secretary, Henry Morganthau, who had this to say to the House Ways and Means Committee on May 9, 1939 after several years of New Deal policies:

We have tried spending money. We are spending more than we have ever spent before and it does not work…after eight years of this Administration we have just as much unemployment as when we started…And an enormous debt to boot!

What does the Obama administration say? After two-and-a-half years, coupled with four-and-a-half years of a Democratically-controlled Congress, their fallback position remains unchanged: it’s all the Bush administration’s fault.

Even if one takes that preposterous assumption as truth, perhaps someone would ask the president to explain how Ronald Reagan, who pursued supply-side economic policies in stark contrast to this administration’s demand-side machinations, managed to pull America out a recession as stubborn, if more more so, than the current one.

Those undazzled by the president’s charisma already know the answer. From the very beginning, President Obama has been intent on changing the fundamental character of the country. America is a fundamentally broken nation which needs a complete makeover, commanded and controlled by our progressive overseers in Washington, D.C.

That is the progressive hammer. The American economy is the nail.

Arnold Ahlert is a contributing columnist to the conservative website JewishWorldReview.

 

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  • geez

    We must stop this madman and his administration of thieves in 2012 or watch our children become chained to debt, turning over the USA to them as a third world country. Is that the legacy we want to define us? NO! Vote vote vote in 2012.

  • Wesley69

    It will end when this current administration goes down to defeat in 2012.

    Is there a case for Obama's gross mishandling of the economy??? You bet.

    -A trillion dollar stimulus that did not stimulate, but sure took care of special interests. Unemployment is still at 9.1%.

    -ObamaCare that will put the nation into the poor house.

    -No incentives to smaller businesses – threatening $250,000 with tax hikes.

    -More regulations that make doing business more expensive. Growth for the last quarter is at less than 1%. If there was a recovery, it looks like its sputtering.

    -More public worker jobs paid by tax money than private company jobs.

    -More direct transfers of wealth to those doing nothing to earn these transferd, but it does get votes. One in seven Americans now get Food Stamps.

    -Sweetheart deals to unions – trying to pass Card Check to force companies to have unions & collect more union dues that eventually go to Democrat reelection campaigns.

    -Quantitative Easing 1 & 2 that has flooded the market with dollars causing inflation. More Easings will lead to hyper-inflation. The inflation rate for individual itmes is over 10%. Food and gasoline prices are still climbing. Hyper-inflation will destroy individual savings and severely impact anyone on a fixed income.

    -Pushing Green Energy, but putting regulations on off & onshore drilling operations making the cost of energy higher. Obama's granting new oil leases does not mean more drilling. One needs a separate permit for that.

    -Supporting ethanol production for fuel that has lead to higher grain and meat prices.

    -Continued deficit spending that has ran up the US debt that will burden future generations.

    -Refusal to make even modest changes in Social Security.

    The list can go on, but the reader should get the picture. And this guy THINKS he deserves a second term????? What does he take us for, A NATION OF FOOLS… Oh wait, we elected Obama without knowing much about him the first time, despite his Marxist friends and his racist pastor.

    • Jim_C

      Wesley, you need to get you down to Rev. Wright's church and get you some gospel thrown your way!

      • Wesley69

        Something tells me it's not the gospel I was raised on.

  • paddydonovan

    Rattner, appearing on Morning Joe this morning, finally admitted that the Obama stimulus plan went to a " Hodge Podge of things, political compromises ". At least one of his minions had the balls to admit that it was mainly for the purpose of payouts and paybacks for his agenda and getting him elected. This is an abominable fraud on the American people and should be looked into by the media……………..oh wait

  • Jim_C

    So in other words…the glass may look half full, but it is actually half empty, Mr. Ahlert?

    • tanstaafl

      At this point the glass is completely empty; but like the emperor's new clothes, it is seen, but not noticed.

    • coyote3

      That kind of what I was thinking when I was talking to a friend of mine from Indiana, the other day. He said that as a result of the state defunding planned parenthood, the state my lose its medicaid funding. We looked at that possibility and concluded that there was really little downside, even if that occured. Actually, they got the legislation, and the only result of defunding would be less medical providers willing to accept medicaid. Another potential benefit would be people who would otherwise be medicaid eligible, might just move to other states. Lastly, there is the possibility that the medicaid system, at least for that state would disappear altogether. Now, the state may back down, or the federales may blink, but this is another example of looking on the bright side of things.

  • Steve Chavez

    Obama needs a "FAILOUT" which is a bailout of his own failed policies! The media will aid in that "FAILOUT!"

  • http://mypage.direct.ca/l/lbouchar/ SeaMystic

    There was an excellent book called "None Dare Call It Conspiracy", which was BANNED in various countries including mine which is Canada, as well as the U.S.A..
    This BOOK focused on the background manipulation of a Capitalist/Communist Conspiracy. Which enriched the Banking community and undermined Democracies.
    In a Mystical sense it points at the NEPHILIM attempt to enslave humanity in a ONE WORLD GOVERNMENT, which comes about through National and Individual Debt Slavery, using COMPOUND INTEREST. The National debt drowning our Democracies, by attempting to counter act Totalitarian processes such as Communism, Islam and Nazism etc., in essence the many headed Beast from the Astral, mentioned in Revelations.
    Presently Islam is the Astral head of the Beast we are fighting.
    As Guardians of Democracy sign the "Ban Islam" petition for starters at: http://www.petitiononline.com/MYSTIC/petition.htm

    Our present on going War transcends many Octaves of existence. One of Shakespearean comment I Love is:
    "There are many things in Heaven and Earth Horatio, that is not found in your Philosophy".

  • ObamaYoMoma

    And yet the world continues to turn?

    Turn downward.

  • Indioviejo

    Crony capitalism on steroids, plus "Big Brother" directing our lives, can we realistically endure four more years of this "man made disaster" ?

  • bearone7777

    Hello,
    I am a "BELIEVER" in Jesus Christ, and in being "ONE" I not only will support Israel because it is GODS Holy-Land, but I will also say what I am about to say, and it has not ONE BIT OF REASON TO DEAL WITH THE SO-CALLED PRESIDENTS RACE. SINCE HE HAS BEEN IN OFFICE THEY-[HIS ADMINISTRATION]-HAVE JUST SCREWED UP EVERYTHING TO DO WITH THE ECONOMY., and I am not going to say that I am sorry for saying that. WHY? Because it is the "TRUTH" "THE WHOLE TRUTH" So help me GOD ALMIGHTY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Ageofreason

    I think it's time to recognize that the current administration does not want America strong economically, or any other way. Obama is a destroyer. The evidence is in, and the conclusion that anyone may draw from it is incontrovertible: Obama and his henchmen, like Stalin, and Castro, and Mao before him, want one thing…to drag the creators of wealth into the gutter, to cut them off at the feet so that all Americans are equal as they crawl on their bellies in the mud. One can only hope fervently that one day he will stand trial for all the misery he has caused. His policies are best labelled as "statist," i.e. the government takes over the decision-making by taking it away from individuals That is what both communism and facism do, two different faces of the same beast.