What’s really going on? Barack Obama’s administration, along with Chris Dodd, put a provision in the stimulus bill allowing companies like AIG to collect bonuses. After it became known and the public got angry, the same Democrats who supported that provision pretended to be outraged and whipped up a fury. Now, they’ve come up with a “bill of attainder” that clearly violates the Constitution and Mr. “Constitutional Law Professor” fully intends to sign it if it makes it to his desk. Is any of that communicated in his answer? No — and that’s why listening to Barack Obama actually tells us very little about what he intends to do.
However, there were a couple of instructive moments in the interview when one was able to get a sense of the instinctual leftism that is guiding Barack Obama, now that he’s so far out of his depth that he can’t even see the surface.
The first was when Kroft noted that a lot of people in the banking industry are not going to stay in New York and work for $250,000 a year if they can make more money elsewhere — so does Obama really want to set salary caps for them? Obama’s condescending response, which sounded like something that should be in Mao’s Little Red Book, Volume 2, was as follows:
What I’ve told them directly, because I have heard some of this, is they need to spend a little time outside of New York. Because if you go to North Dakota or you go to Iowa or if you go to Arkansas, where folks would be thrilled to be making $75,000 a year without a bonus, then I think they’d get a sense of why people are frustrated. I think we have to understand the severity of the crisis that we’re in right now. The fact is, because of bad bets made on Wall Street, there have been enormous losses. There were a whole bunch of folks who, on paper, if you looked at quarterly reports, were wildly successful selling derivatives that turned out to be completely worthless.
First of all, it’s worth noting that Obama earned 2.5 million dollars from his book sales in 2008 and brings home a cool $400,000 a year for being president. What do you think the folks down in North Dakota, Iowa, and Arkansas think of that? Why is Barack Obama more deserving of that money than someone who works at a bank? If you say they’re taking the public’s money, well — newsflash — every government employee, including Barack Obama, is taking the public’s money. Setting those sort of arbitrary salary limits for bank employees — driven not by the market, but by what some economically illiterate politician thinks is “fair” — is practically guaranteed to have adverse consequences down the line.
Beyond that, it’s extraordinarily troubling, given our current situation, that Obama is trying to pawn this entire crisis off on Wall Street when Congress created the whole mess by forcing banks to give loans to people who were bad risks. That’s not to say irresponsible people on Wall Street are completely blameless, but “bad bets on Wall Street” certainly weren’t at the root of this economic downturn.
So, here’s where we are: the same government that created this crisis with their incompetence is now blaming it all on Wall Street and promising to fix it. No wonder the American people are terrified that we’re about to slip into a long-term depression.
The other illuminating moment in the interview came when Kroft brought up Dick Cheney’s criticism of closing Guantanamo Bay. Again, the unbearable lightness of Barack Obama came shining through like a beacon. Here is the first key quote from Obama’s response,
After all these years, how many convictions came out of Guantanamo? How many terrorists have actually been brought to justice under the philosophy that is being promoted by Vice President Cheney? It hasn’t made us safer.
If Obama believes that the purpose of Gitmo is to get “convictions” of terrorists, you have to question whether he has even the most basic understanding of the war on terror he’s currently in charge of fighting.
Gitmo is there to hold captured terrorists, to keep them from killing more Americans, and for interrogations that are designed to gain information for that same purpose. Obviously, terrorists held at Guantanamo can’t participate in new attacks, but even the limited amount of info that has been revealed publicly has shown that we’ve gotten a lot of actionable intelligence from interrogations at Gitmo,
Interrogating Gitmoites yields priceless intelligence. Al-Qaeda bigwig Abu Zubaydah kept mum until interrogators played him the Red Hot Chili Peppers – at high volume. After they turned down the stereo, Zubaydah unmasked al Qaeda agents Omar al-Faruq, Rahim al-Nashiri and Ramzi bin al-Shibh.
Khalid Sheik Mohammed switched from taciturn to talkative after a few minutes of unpleasant but non-fatal waterboarding. With his guidance, counter-terrorists nabbed accused butchers such as Majid Khan, Bali bomber Hambali, Rusman “Gun Gun” Gunawan, Yazid Suffat, Jose “Dirty Bomber” Padilla and Iyman Faris, who conspired to plunge the Brooklyn Bridge into the East River.
This is what we’re abandoning — but, for what? When Kroft asked Obama what comes next for the terrorists imprisoned at Gitmo, he didn’t seem to know,
Well, I think we’re going to have to figure out a mechanism to make sure that they are not released on U.S. (inaudible), but do so in a way that is consistent both with our traditions, a sense of due process, and international law.
So Obama has announced we’re closing Gitmo, but he still hasn’t figured out what comes next? Isn’t that a bit of an issue, since we have these terrorists in hand, will presumably be capturing more, and even the New York Times is admitting that European nations are “hedging” on helping us with Gitmo inmates? Shouldn’t Obama have thought this all the way through before he decided to close down Guantanamo Bay?
For people looking for signs of straight talk, competence, or substance from the glib teleprompter junky who inhabits the White House, sadly there was precious little of it in his 60 Minutes performance.