Sunday, June 10, 2012

Why the Obama Model Is Nikkin' Fruts!

In an observation that's been restated so often it has almost become a cliche, Albert Einstein defined insanity as doing the same thing over and over and expecting a different--a better--result. A good example: Obama's failed economic model. In the wake of the president's astonishing comment that the private sector is "doing fine," Victor Davis Hanson has a go at explaining what's gone wrong:
All empirical evidence points to the worldwide failure of the blue-state model (e.g., California, the southern Mediterranean, anti-Walker Wisconsin), and yet Barack Obama’s entire career, from community organizing, to the state legislature, to the Senate, was predicated on just such a protocol of public borrowing to provide expansive government entitlements and jobs in exchange for a loyal political constituency, with the debt, in redistributive fashion, to be serviced by wringing more revenue from the suspect private sector that is always doing “fine.” 
Obama knows no other way, and so his adolescent exasperation is always with a supposedly thriving small business or corporation that for some reason or another won’t pay for his redistributive dreams. If only that “doing fine” private sector would not sit on “trillions” of dollars, resist spread-the-wealth higher taxes, fight Obamacare, and whine about needed new regulations, then, presto, we would have plenty of money to give a pre-Walker Wisconsin or insolvent California — and everything would be just fine.

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