ARP pissed me off, but we have bailed out companies before (though not for this much). The stimulus bill absolutely offended me, but we have seen stupid pork spending insanities before (though not for this much). But Obama’s plan to remake tax law and the budget began with this paragraph:
This crisis is neither the result of a normal turn of the business cycle nor an accident of history, we arrived at this point as a result of an era of profound irresponsibility that engulfed both private and public institutions from some of our largest companies’ executive suites to the seats of power in Washington, D.C.
From the rest of the rhetoric in this document, and that of Obama and his supporters, the overriding message is that “the rich are being taxed more because they have sinned. This is pennance.” This is all the more amazing to me because Obama (and to be fair, his predecesors in the Bush administration) have gone out of their way to interrupt the normal market processes that punish failed behavior.
Go read the whole thing. He’s right on.
The absolutely most infuriating thing that Obama said is this line:
“we arrived at this point as a result of an era of profound irresponsibility that engulfed both private and public institutions from some of our largest companies’ executive suites to the seats of power in Washington, D.C.”
I’m sorry? What’s that? The borrowers who signed on the dotted line didn’t help get us here? The Democrats’ own ridiculous laws that encouraged lending to unqualified borrowers didn’t help get us here?
How is it that people don’t see the TARP/auto bailout/”stimulus package” as a huge power grab by a guy who’s trying to destroy individual liberty and responsibility while increasing the central power of the government? If there were more than an ounce of substance in any of these plans, I would at least give the guy the benefit of the doubt.
I used to say that he was either ignorant or evil because only somebody who was one of those two things would propose the policies he does. But his actions have gone too far to be called ignorant anymore.
He’s the American Cesar Chavez. Settle into this recession, friends. It’s going to be here for a while. Just remember, though, it didn’t have to be this way.