Friday, August 27, 2010

Credit For the Killing


“What will move the economy to growth remains unknown.”

Not true. Ask your colleague, Larry Kudlow; ask anyone who has even a rudimentary acquaintance with economic principles, anyone who is holding a job and has had to balance a household budget.

The fact is that Obama and his team is envisioning a fiscal system in which all wealth flows to the government which, in turn, redistributes it according to political expediency. It is a system that has never worked anywhere it’s been tried.

There are also two additional possible factors to consider: one, that the people themselves have adopted a passive-aggressive stance as a protest against the current administration; and, two, that the collapse of the U.S. and world economy is the ultimate goal of our current Washington leadership.

It almost feels like the latter. Whereas (to my mind) the former rings most definitely true, its effect cannot be measured precisely when pitted against the latter. Both strategies will, in fact, lead to the same end. The only difference being: who can claim credit for the killing.

In military terms it’s known as mutually assured destruction (MAD). The Obama administration has already fired the first salvo. The only possible response from the people - who have been deemed the enemy in all this - can be to beat the administration to the punch.

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