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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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