More on the Californication of America
By Johnny Roosh
Barack Obama’s liberal ideology, lack of economic acumen coupled with a growing gap between what he thinks America wants (or should want) and what it actually wants, puts him on a Highway to Heckfire®.
The California morass has Democrats in Washington trembling. The reason is simple. If Obama’s health-care plan passes, then we may well end up paying for it with federal slips of paper worth less than California’s. Obama has bet everything on passing health care this year. The publicity surrounding the California debt fiasco almost assures his resounding defeat.
California offers us a glimpse. Obama calls it Hope® and Change®.
It takes years and years to make a mess as terrible as the California debacle, but the recipe is simple. All that you need is two political parties that are always willing to offer easy government solutions for every need of the voters, but never willing to make the tough decisions necessary to finance the government largess that results.
Oops. Too late. We’ve arrived. Obama and Company is on pace to do it in months and months.
The federal picture is so bleak because the Obama administration is the most fiscally irresponsible in the history of the U.S. I would imagine that he would be the intergalactic champion as well, if we could gather the data on deficits on other worlds. Obama has taken George W. Bush’s inattention to deficits and elevated it to an art form.
The Obama administration has no shame, and is willing to abandon reason altogether to achieve its short-term political goals. Ronald Reagan ran up big deficits in part because he believed that his tax cuts would produce economic growth, and ultimately pay for themselves. He may well have been excessively optimistic about the merits of tax cuts, but at least he had a story.
Obama has no story. Nobody believes that his unprecedented expansion of the welfare state will lead to enough economic growth. Nobody believes that it will pay for itself. Everyone understands that higher spending today begets higher spending tomorrow. That means that his economic strategy simply doesn’t add up.
Teleprompters don’t do math.
July 6th, 2009 at 9:59 am
The difference between California and the Federal Government is that California can’t print money — though it is trying to do this by paying people with IOU’s.
If Obama knew anything about economics (he doesn’t; what’s more, nobody claims that he does) he would know that the fed can print money but it can’t create wealth. The price you pay for printing money is a devalued currency, and devalued currency=inflation.
What Obama’s reckless spending has done is created an opportunity for another currency to replace the dollar as the default reserve currency. $10/gallon gasoline, anyone? That otta crush any remaining strength in the US economy.
July 6th, 2009 at 11:59 am
The problem here isn’t what Obama believes. The problem is 50% of the country believes he can do no wrong.
As far as inflation goes, if Obama gets his programs passed I think we may become 1920’s Germany.
July 6th, 2009 at 7:06 pm
It just drives me nuts when conservatives point out that all of this debt will “have to be paid by our children and grandchildren.” Let’s do the math here. A child born today has a debt of almost a half million dollars! A lot of people don’t make that much money in a lifetime, and certainly cannot give every penny of it to the government. There is NO WAY (OK, in the real world, at least) this federal debt can be paid, period!