Friday, November 27, 2009

We Ain’t Seen Nothing Yet

If you think things have been rough so far, hang on.

by Victor Davis Hanson - November 26th, 2009 - National Review

When it comes to the problems facing this country, an old slogan comes to mind: “You Ain’t Seen Nothing Yet.”

High unemployment, the recession, and a terrorist resurgence in Afghanistan are bad enough. But there are a number of problems on the horizon that could dwarf President Obama’s first-year trials.

Why the pessimism? In short, we are doing nothing to prepare for the crises to come.

The reality is that Obama lives in the dream world of leftist extremists. Never having met a payroll, he does not have a clue how to get our nation working again. Obama thinks of work as government "redistributing" wealth. Radicals like Obama think that those who cannot find good paying jobs in business have been cheated - so they give them good paying jobs on the government payroll with no clue that it is a waste of money. They do not understand that wealthy people do not have huge sums of money sitting idle in a bank somewhere. The leftist extremists destroy the business climate, then raise taxes on wealth that no longer exists. Ultimately they simply refuse to believe that if they keep kicking the golden goose, the eggs will stop coming.

This is a delusion. Here are some other delusions listed in the article. Energy prices are key to many industries which will become unprofitable as they go up. Yet we don't search for cheap energy. Printing money will always lead to inflation. We keep printing money like there is no tomorrow. Borrowing costs will sky rocket when inflation goes up. We keep right on running deficits that must be borrowed. The war by the Islamo-fascists is not one we started and must be won. We waffle in fighting risking defeat. Raising taxes in this weak economy will start a new cycle of business failure. Every bill passed is loaded with egregious new taxes.

Barack Obama does not believe any of these truths. He blathers about his concern for all of these issues but it is just talk. Like everything else about this man, it is just talk. Obama seems to feel if he says something about addressing the deficits that is just as valuable as actually doing something. He has succeeded all his life by talking. Not by acting or actually accomplishing anything. This is not going to change at this point in his life.

I share Victor Davis Hanson's belief that it is going to get much worse before it gets better.


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