Attempting to distract Americans from the ongoing implosion of the Affordable Care Act, his alleged “signature achievement,” President Barack Obama pivoted for the umpteenth time last week, pulling “income inequality” out of his bag of tricks for yet another spin.
In a December 4 speech, he cited “growing inequality and lack of upward mobility” as “the defining challenge of our time.”
That’s interesting. During the Bush administration, income inequality stabilized, while a 2007 Treasury Department study found that income mobility from 1996 through 2005 was “unchanged … from 1987 through 1996.”
The two problems began to worsen when the POR (Pelosi-Obama-Reid) economy began in the spring of 2008. Further decay has taken place during Obama’s five-year stewardship, such as it has been, of the U.S. economy.
The president’s proposed “solutions” are the ones which have been serially tried and have always failed: a higher minimum wage, which creates higher unemployment and a larger permanent underclass; higher taxes on “the rich,” which hold back investment in future growth opportunities; and seeming limitless deficit spending, which continues to saddle future generations with growth-retarding and eventually (if not stopped) growth-killing obligations.
The best solutions are those which promote genuine private-sector growth. In these, the Obama administration is singularly disinterested. Those who doubt this assertion only need to look at the person whose help Obama has sought as his credibility and other crises deepen: John Podesta, chairman of the far-left Center for American Progress. Podesta is obsessed with income inequality, and is singularly focused on wealth redistribution through the tax code and other coercive means as the only viable solutions.
That Obama somehow needs to distract Americans from Obamacare’s virtually daily dose of bad news is obvious. What follows are just three of the latest outrages.
On the most recent edition of Fox News Sunday, Ezekiel Emanuel, aka Zeke the Bleak, one of the Affordable Act’s architects, told Chris Wallace that the president didn’t really lie when he repeatedly and unconditionally guaranteed that “you can keep your doctor, period,” because “if you want to (keep him or her), you can pay for it” out of your own pocket.
So the “solution” to the problem of the currently uninsured is to force people who like their doctors to self-insure, i.e., to become newly uninsured for what matters to them, while paying premiums for Obamacare policies under penalty of law for doctors they don’t favor, probably don’t need, and probably won’t use. We seemingly have no choice but to assume that this is exactly what the Obama administration wanted to see happen.