By now we are used to the most adamant supporters of Barack Obama expressing distress with their onetime demigod. Today even the NYT’s ultra-liberal Bob Herbert – whose knee jerks left so consistently it’s as if his patella were being perpetually hit by a personal southpaw hammer – expresses dismay about the president’s lack of job creation.
Of course, this dyspepsia spins off in many directions – such as this mythical job creation – because these supporters, just like their leader, are unable to face the obvious: Keynesian economics is over and the welfare state, as an idea and in practice, is over with it. This is what the Europeans were trying to tell Obama in Tornoto. We tried it. We know. It’s Greece, stupid. We’re in a global Ponzi scheme with an aging population. There’s no way out without stopping. This deficit spending dog-ma don’t hunt.
The Euros even forced the president to listen to some degree, not that he wanted to. Why would he? He is a lifetime beneficiary of government largesse. Only the largesse seems to have run out for everyone but him and a few friends in their deficit Alamo.
Rick Santelli once again has stated the obvious – “Stop spending, stop spending, stop spending”. But these supposed liberals remain trapped together in an ideological Catch-22. The only longterm solution to economic woe is free markets, but if they admit it, their values and lives disintegrate. It’s as if they’re bees trapped in a hive, someone (reality) has prodded it and now they are all buzzing off in opposite directions unsure who or what to blame.
They sting each other. They sting their opponents. Who knows what next? What will happen if the November debacle is actually as predicted?