Posted by
Mike Silverman on Thursday, June 11, 2009 12:03:17 PM
You and I and lot's of ordinary citizens, including those of us who didn't go to Harvard, can see that President Obama's policies are highly flawed, which begs the question of why does he want to continue with a failed approach. We MUST assume that he is intelligent enough to assess the impact of his economic spending thus far. And if he can see that, then there is another agenda at work than "saving" the economy. The question is , what exactly does he hope to accomplish with such a destructive agenda. Unemployment numbers are still rising, the spending of revenues that already are deeply in the red by the government is still increasing for the alleged purpose of "saving jobs" and "restoring" the economy, including the ludicrous notion that government run healthcare will restore economic balance. Obama is fond lately of declaring that he is not interested in running car manufacturers or banks, and yet... he has had a strong and deliberate hand in the creation of new bureaucracies to oversee and control the standards Obama has demanded for GM, Chrysler and Executive pay. He himself may not be doing the "runnning" of the banks and industries, but his lackeys are, and that makes him in essence doing exactly so by proxy. Again we need to return now to the vital question, since Obama's policies are only destined to make economic recovery slower and more painful for the country... and this he surely knows otherwise we would have to consider him to be a monumental idiot..., what then is his "real" agenda? There are many possibilities, but my best educated guess based on his behavior is two-fold, first that President Obama believes that Capitalism is the root of all evil in our economy. By putting heavy handed controls and reigns on businesses, banks, and even manufacturers he hopes to create an outcome based solution for investments that minimizes risk and balances dividends in a manner that he sees as fair. He seems to believe that those who invest and lose due to circumstances beyond their control are victims of deciet rather than legitimate risk takers who made a value judgement on thier choice of investment and therefore should suffer no loss for making a poor choice ( for example , buying a home when you can't afford one). However, this viewpoint is broken down along social lines by Obama. If the investor is a Hedge Fund and the dividends owed to people invested in it has any influence on the fate of any particular blue collar workforce, ( aka: GM...), then the laborer is placed on the pedestal and the investor is demonized. Obama works off of a heirarchy or pyramid chart of who is most important in society. It begins with the common laborer at the top, and ends with the top executives in large businesses at the bottom. Furthermore, he looks at high executive pay as unfair because he has been institutionalized to the proletariat plight, which in essense rates the low level or blue collar labor force a more valuable contributer to society than the white collar or executive and that one man's salary should be no more or less than another's depsite the contribution. I believe this has been ingrained to his thinking since his earliest experiences, and is proven by his seemingly irrational approach to resolving social and economic problems. So his goal is not common sense free market based solutions, it is a re-restructuring from the ground-up of the rollercoaster ride that risk taking by it's nature is subject to. This is an approach doomed to failure, but it is a part of Obama's nature and upbringing to pursue it regardless. The second primary reason he continues down a line of flawed policies is for the sake of loyalty to those who have always been the most supportive of him. The unions, the left wing special interests, the ACLU, ACORN, etc. Also, those who aided in his rise feel they are owed and I'm sure have made it known to him what they expect in return.
- Mike Silverman