An article titled "Does President Obama have a second-term strategy?" by Glenn Thrush of politico.com via Drudge this morning, contained the following few paragraphs which, to me, clearly illustrate why the nation's still in such poor condition.
Mr. Thrush wrote:
“Still, the politics of the current moment are anything but secondary.
Obama’s signature second-term objective, bipartisan comprehensive immigration reform, is in the hands of a divided House Republican caucus threatening to stall, slice and dice, and kill outright the painstakingly written Senate compromise bill produced by Sens. Marco Rubio (R-Fla.) and Chuck Schumer (D-N.Y.).
The outcome, Democrats say, could go a long way in defining Obama’s success over the next 3½ years.
“What do we do if it goes down?” asked one senior party official. “What other big thing is there to push?”
And it’s that last sentence that hits the nail on the head.
Because it isn’t even remotely government's job to “push” anything whatsoever. We live in a nation of free citizens, making their own decisions, who independently choose how to live their lives unencumbered by anyone else, anywhere, any time. And, as far as government goes, it’s there to keep the peace, guard the shores and see to the administrative chores and maintenance of public properties, such as streets and roads and bridges.
Furthermore, as we all have learned, especially under the current administration, the more that bands of inept bureaucrats get involved in citizens lives, the worse those lives become, as qualities decrease, obstacles arise and opportunity significantly shrinks.
Therefore, if the Dem party wants some things to “push,” I suggest they get themselves carts, throw items in to hawk, go back home, find a vacant corner to sell from and leave the rest of us alone like the Founding Fathers originally intended.
My second item today concerns something I suspected a while ago that I think might now be coming to pass.
At that time Fed Chairman, Ben Bernanke, suggested he might be leaving his post to go back to the private sector, whereupon the incumbent immediately jumped in, trying to take credit for the job Bernanke had done, implying Ben wouldn’t be missed when he departed.
While Bernanke made no issue of the incumbent’s slighting him, I remember writing that being discredited, humiliated and insulted after a job well done had to hurt.
But more importantly, I suggested that Bernanke's certainly no dummy, extremely clever, far outweighing the incumbent in financial endeavors and therefore, would likely find some future way to retaliate. Although I certainly had no clue as to what that “gotcha” might be.
And now we come to yesterday and Chairman Bernanke’s testimony before a Congressional committee.
During questioning Bernanke suggested that the Fed would likely continue pumping funds into the economy while keeping interest rates artificially low until the employment rolls reach satisfactory levels, which might take considerably more time. And since low borrowing rates permit securities traders to purchase very attractively, stock prices continue to rise giving a very false appearance to a still quite weak economy overall.
So, now we come to my point, which is that I suspect Ben might very well pull the plug on interest rates sooner than indicated in his testimony, causing a massive securities sell-off, thereby dampening the rest of the economy as well.
And since, the incumbent likely doesn’t possess the financial acumen he touted, his administration will suffer the additional economic negativism the incumbent wrought on himself by slighting one of the very few excellent personnel choices he’s ever made.
Consequently, when the preceding comes to pass I’ll pat myself on the back for noticing the obvious so early on in the game.
That's it for today folks.
Adios
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