I picked the wrong week to be away from the computer.
The stock market is dropping like a rock and London is in flames. The world watches in disbelief as the Leader of the Free World holds dilatory news conferences devoid of anything other than petulant whining.
I’m generally an optimist, but there’s not a lot of bright spots right now. Thanks to Michigan’s new governor, Rick Snyder, it looked like our “lost decade” might finally be ending, but the President’s economically self-destructive policies are dragging us back to the hole from whence we came.
The Democrat base is mobilized, but it has nothing to do. Imagine that their fondest dreams are achieved and that Scott Walker, Rick Snyder and the rest of their current bugbears are driven from office by recalls. What then? The public at large has no appetite for massive tax increases nor the means the pay for them. The S&P downgrade shows that we cannot borrow the money, so there is literally nowhere left for the left to go.
The current talking points about “soaking the rich” are just that – talking points. Adding surtaxes to corporate jets will merely shatter the aviation industry, adding even more unemployed workers to the dole.
Back in the sunny halcyon days of the late 1990s, I tried to imagine what a world run by liberals would look like – a modern analogue to Atlas Shrugged. Now I’m living in it.
(I suppose it’s just as well – I didn’t care for Rand’s ultra-verbose writing style and dropped it after a few hundred pages. You know, Orwell wrote political pieces but he was at least concise. Maybe people were supposed to read Rand on the train or something.)
Anyhow, I find myself wondering how much food I can grow in my back yard and watching for sales on canned food.
I know the “experts” in the chattering classes insist that Obama still has a good chance of getting reelected, but at this point the stock market is now lower than it was when he took office. Ignoring the historically high unemployment, when was the last time the nation rehired someone who destroyed that much wealth?
More to the point, has he at any point showed the ability to learn from his mistakes? The seismic scandal that is Gunwalker has not yet even begun to register in the mainstream press. As information continues to flow about just how many guns we sold to drug cartels in Mexico – and how many people were killed with them, I find it impossible to believe that the administration’s standing with the public will increase.