Tuesday, November 9, 2010

Handicapped - Race and the Economy

The past two years the Democrats have ministered to the US economy pretty much as they practice their race policy, pretty much as they minister to the blacks. Blacks are treated as a population somehow handicapped, disadvantaged, and key - in need of gov’t guidance and support. A few fall for this nonsense; this serves the party purposes quite nicely. (This stealth approach is at variance with earlier Democratic policy. Then, slavery was actually part of the party platform. At least these folk were honest, cretins to be sure but honest.)

Obama and crew predictably treated the US economy in similar fashion, in doctrinaire style - as if it were handicapped. Everything done by the majority past two years is a perfect fit.

First, the economy was visited by a crisis, this the result of Dem malfeasance regarding supervision of the twins, the discharging of prudence in mortgage origination. The purpose - to buy black votes.

Next, a resuscitation was hampered by the same policy the Dem’s apply to race, and with the same result. It amounts to nothing more than an intrusion, a lack of respect for sake of politics. The party has no decency. Set upon by BO and his type, reminded of (manufactured) handicaps, burdened by layer up layer of interference, and layer upon layer of uncertainty, the economy struggles (or did).

Gov’t spending does not create jobs on net, does not and never has reduced unemployment, at best acts as a wash, at worst a retardant. Some of us knew that early on; all but the most willfully blind know it now. Special privileges, quotas and bureaucratic interference in matters of race - the same result. Both sound great but never work. Money thrown at bigger and better public schools in the ghetto for example might as well be destined for the outhouse.

So a recovery has been thwarted by the left. To simply stand aside, lower taxes and hold on - no way, a violation of party identity, and for BO, an erosion of his political base.


Yet BO’s accomplices cannot stand still, even now. The Fed, having no fear of inflation is buying billions of US debt in an attempt to fire the system (the money comes from..... right - out of thin air). This is again simply interference. Still lower real interest rates in the US will deplete the incomes of savers and pensioners but do little to spark growth, not now. We know the Fed so we know this cute little trick will make little difference to a recovery but it will create distortions, $ moves for example, perhaps higher commodity prices, and perhaps stagflation to boot. Such a waste.

Renew the tax cuts, remove employer uncertainty and you have it - vigor. Simple. Yet such a common sense approach is nothing less than an apostasy to those scoundrels who traffic in the fraud that things are just so, so difficult, so complex that only they, the anointed, carry the wisdom and grace to deliver; it is only they who can provide salvation.

These misfits are soon to be gone. This is why we are optimistic for 2011 and beyond.

Robert Craven

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