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President Obama's demagoguery and fear-mongering on his sequestercuts are breathtaking, even for him. Lest you think I am engaging inhyperbole, let me give you the dictionary definition of a demagogue.
One definition is "a political leader who seeks support byappealing to popular desires and prejudices rather than by using rationalargument."
Obama's ordinary MO is to stir people against one another, tostoke the flames of envy among some against others in lieu of rationalargument to rally support for his causes.
Obama has had four years to try his ideas. They have all failed,in every category. His stimulus plan to spend nearly $1 trillion ofborrowed money to jump-start the economy was a colossal, unconscionablewaste of money we didn't have and not only didn't work as promised butprobably stalled the private sector's efforts to recover. He remainsdefiantly unrepentant in the face of his repeated reckless green policyfailures.
Liberal economists and ideologues -- in some cases, there's littledifference -- cling fast to the myth that Obama's gutting of the privatesector to chase public money after projects for which there was no demandactually helped the economy. But they can't prove their assertion that theeconomy would have been worse but for the stimulus any more than one canprove a negative. But objective evidence says otherwise: Obama haspresided over the worst recovery in 50 years.
But those who control the writing of history (and the otherdisciplines, such as economics, that have been thoroughly politicized inmodern academia) have an advantage in controlling the present. Liberalacademic revisionists have firmly planted in our history and economictexts the myth that FDR's big-government policies brought us out of theGreat Depression. Only recently have a number of modern historians andauthors set the record straight: His policies exacerbated and prolongedthe Depression. Yet Obama persists in touting his own big-governmentprescriptions, demanding we ignore history and his own record.
Obama has had four years to get the economy moving, and ourextraordinarily high level of unemployment is just as high as it was whenhe took office and, when you consider the record numbers of people leavingthe workforce, is much worse than the numbers indicate. Yet he stillrefuses to accept any responsibility for his own failures.
Obama will not offer any plan to reduce spending, especiallyentitlements. He just keeps going back to his crusade against the rich,from whom he's already extracted a higher tax rate and eliminated personalexemptions and deductions. He promised he wanted a balanced approach, buthe refuses to balance his punitive tax hikes with spending cuts andentitlement reform. Even former Sen. Alan Simpson said that unless Obamagets serious about entitlements, he will have a failed presidency.
But Obama and his Democratic senators will not pass a budget, andthey will not participate in entitlement reform. Instead, Obama is backrailing against the Republicans for their alleged unwillingness to furthertax the rich, whom they have already reluctantly agreed todiscriminatorily tax.
Obama tells us that Republicans are insisting on keeping hisbrainchild -- the sequestration -- in place to avoid further taxing therich. This is the same sequestration he promised to support; he eventhreatened to veto efforts to remove it. Now he complains about itsdraconian cuts -- not about cuts to the military but about cuts to hissacred domestic programs. But in fact, even with the sequester cuts, wewill be spending more in fiscal year 2013 than we have in any other fiscalyear in American history, save 2011. He is simply misleading the publicbecause he wants to further punish the rich -- even if it means holdinghostage our military and accelerating the nation's imminent bankruptcy.
Obama is dreadfully wrong on both sides of the fiscal equation.Economic growth does not depend on government spending, which has theopposite effect because it sucks the wind out of the private sector; andyou balance the budget not by taxing the rich but by drastically cuttingspending and reforming entitlements.
Obama and his ilk mock Republicans for their "trickledown"economics, but Obama is the quintessential proponent of his owntrickledown economics. As to the private sector and entrepreneurship, heis an atheist. He believes that only he and his central planners in theomniscient federal government can cause economic growth and that from thathigh mountain of government largesse will trickle down economic activityfor the ignorant, impotent private sector and the economy at large.
The sequestration, as House Speaker John Boehner has said, is anugly way to cut spending and is not good for our national defense. But ifwe don't start cutting fast (and the sequester is more a reduction in therate of spending increases than it is a cut), we won't have the money tosupport a military at all, much less anything else. Time to stop playinggames with the nation's very viability and our children's future. TheRepublicans must hold to their guns this time.
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