December 9, 2013
You have to admire President Obama for choosing to give a speech declaring that the fight against “growing inequality”–specifically economic inequality–is “the defining challenge of our time” and the “focus” of “all our efforts”–given that:
a. Five years into his presidency he so far hasn’t done anything to stop growing income inequality–the problem has gotten worse on his watch.
b. He doesn’t have any proposals (“It’s time to pass the Paycheck Fairness Act”) that come close to solving the problem as he defines it.
c. His one big previous initiative to reduce inequality–the Affordable Care Act–may now be hopelessly screwed up due to his own inattention and non-competence.
d. His remaining big domestic initiative–”comprehensive” immigration reform–would almost certainly make inequality worse by vastly increasing the number of unskilled workers bidding down wages at the bottom of the income scale, with the profits from the cheap labor going to business owners at the top.
Well, but remember, the main point of all of this was just to give the (friendly) press an excuse to talk about something other than the ObamaCare debacle. And to give the unfriendly press an easy pinata to whack at, so that they, too, will talk less about the ObamaCare debacle.
And on that note, here’s Stephen Green on “Moving At The Speed Of Government.”