“You Never Want a Serious Crises to go to Waste”
By Robert Amoroso
Those were the “telling” words of President Obama’s, Chief- of-Staff, and former Congressman Rahm Emanuel. “Telling” in that, it gives us an insight in to how this crisis is currently being manipulated by this administration. Emanuel went on to say; “what I mean by that, it's an opportunity to do things that you think you could not do before. This is an opportunity”.
What’s insightful is that this appeared to be an off-the-cuff remark given in Washington, DC, several weeks ago at the Wall Street Journal's CEO council.
He continued; “what used to be long-term problems, be in the health care area, energy area, education area, fiscal area, tax area, regulatory reform area, things that we had postponed for too long that were long-term are now immediate and must be dealt with. And this crisis provides the opportunity for us, as I would say; the opportunity to do things that you could not do before”.
No one suggests that these aren’t worthwhile issues that need to be addressed, however to use the current economic crises to push through a massive social agenda when our economy can ill afford it, suggests to me that this president is willing to roll the dice at our expense. His recent town-hall meetings in economically depressed areas of the country, and his dooms day scenario played well with the mainstream media, in pushing through this 1,175 page, trillion dollar massive spending package, which no one in congress as actually had the time to read, suggests to me that this democratically controlled congress along with this president, do not want the details of this massive bill exposed, before its signed into law.
Imagine, if you can putting your signature on a 1,175 page legal document without taking the time to read the details, its shameful and wrong, and we once again see how we got into this crises, in the first place. With no accountability and with no oversight from our elected officials…it’s disgraceful.
Obviously, if this administration had wanted to immediately stimulate the economy rather then push through a social agenda, they would have used the economic principles that Presidents John F. Kennedy and Ronald Reagan used at the height of their own respective recessions, that have proved time and again to have been successful. They reduced the corporate tax rates, they suspended or reduced the payroll tax, and tried to eliminate (a tall order to be sure), wasteful government spending and pork barrel entitlements, as part of their “stimulus package”, none of which has been incorporated by this administration.
That’s not to suggest that we should not infuse dollars into the troubled banking and financial industries, however accountability as to “how” and “why” this crises began should have been foremost with any “stimulus package” proposed, and sadly it’s not.
What’s truly ironic is that while this massive spending bill does little to actually stimulate the economy, the payments due to future generations in the next 15 to 20 years will be staggering. “Ironic”, in that the current crop of young college educated voters, who made up a sizeable voting block for President Obama, will be the middle-aged wage earners and will eventually be the ones paying for this massive spending bill.