Obamalism: Disaster in the Waiting

So, President Obama doesn’t want “big government,” he wants “smart government.” And he wants economic stimulus to get the economy moving again. Sounds like a well thought out and bold plan. You’ve got to hand it to him, he’s got a silver-tongue and he makes you feel good. Unfortunately Obama’s rhetoric and euphemisms won’t get us out of the economic crisis. It will require leadership, discipline, and hard work. Three qualities not found anywhere in Washington, D.C.

Sagging economy, $11 trillion in debt. Let’s just spend more!

By Chris Ingram

So, President Obama doesn’t want “big government,” he wants “smart government.” And he wants economic stimulus to get the economy moving again. Sounds like a well thought out and bold plan. You’ve got to hand it to him, he’s got a silver-tongue and he makes you feel good. Unfortunately Obama’s rhetoric and euphemisms won’t get us out of the economic crisis; and that “smart government” he speaks of is just a pork-filled spending bill to get Congressmen reelected.  Getting out of this mess will require leadership, discipline, sacrifice, and hard work from Americans and their elected officials. These are qualities not currently found anywhere in Washington, D.C. — from either party.

As for the primary flaw with Obamalism, the devil is in the details.

Since Obama has taken office the Dow Jones Industrial average has sunk it record lows. Nearly every time he announces his latest “bold initiative” (i.e., more spending and more government intervention), the Dow drops a few more hundred points the next day.

While there are a number of issues, problems, and reasons for why Obamalism is likely to fail, the biggest flaw with the governement’s plan to fix things (and in fairness, was part of the problem with George W. Bush’s bailout plan as well), is this: debt.

We got into this mess because of debt. That is, Americans and their government assumed more debt than they could possibly ever pay back (the government has been doing this for decades of course). Government spending (under Bush and a GOP Congress) grew while Americans bought homes they couldn’t afford with easy money from banks led by people not fit to manage your checking account, much less an entire bank. Credit was king and our consumer economy grew with money financed by China so we could by products made in, well, China.

The victims of all this are our children who are already saddled with a national debt of almost eleven trillion dollars — money they will have to pay back for programs which they received zero benefit from. Currently the bill amounts to over $35,000 per person; that is, for every man woman, and child living in our country (legally) each one of us owes China or some sheek in the Middle East buying our T-bills thirty-five grand.  We’re not exactly paying it down either. In fact, the debt grows $3.5 billion every day. I won’t even get started on the largest Ponzi scheme in the world: the U.S. Social Security System.

So now the cogitative response from Obama and the Democrat Congress is what? Take on more debt.

I’ve said this here over and over, it’s my favorite quote and it comes from Albert Einstein. “The definition of insanity is doing the same thing over and over and expecting a different outcome.”

Like electing the same self-serving clowns to Congress over and over again and expecting the very people who got us into the mess we’re in to get us out of it.

Kinda’ like rearranging the deck chairs on the Titanic isn’t it?

When will we learn our lesson?

Chris Ingram is CEO and partner of  Strategic Solutions of Florida a political consulting company. He is also the president and founder of 411 Communications a corporate and political communications firm, and publisher of Irreverent View. Ingram is a frequent pundit on Fox News and CNN, and has written opinion columns for the Washington Times, UPI, Front Page Florida, and National Review online. E-mail him at: Chris@411Communications.net.

 

3 thoughts on “Obamalism: Disaster in the Waiting”

  1. You never fail to amaze me, Christopher. You have no problem pointing out that there are flaws in the “Democrat” Party
    (It’s Democratic, not Democrat), yet propose no answers, except maybe tax cuts. Talk about the definition of insanity! Remember, my friend, the Rethuglicans (I know, I know; but it’s my way of evening the playing field for the Democrat thing) have held sway with their “trickle down” ideology and the deregulation mindset that has contributed mightily to our present situation since your sainted Reagan held the WH, especially in the Markets with their Derivative boondoggle. I know you loathe to admit it, so I won’t get into a pissing contest about it.
    Then as you wax prophetic about the 11 trillion dollar deficit, you can’t help but throw in a little barb at the Immigration issue [(illegal)], almost as if drawing a direct corollary between this deficit, and illegal immigrants in this country. Totally specious. Remember, this gargantuan legacy is Bush’s gift that keeps on ‘taking'(ref.Halliburton).
    You know, I can just envision you smirking and chortling, at my observations, but that’s all right. The Rethuglicans use of derision is a time honored means of governance. Your political party is showing, even now, it’s firm grasp on the irrelevant.
    Jindal, Kyl, McConnell, McCain, Cantor, Gramm; the list goes on and on. And now, with the appointment/election of Michael Steele to the post of RNC Chairman, Rethuglicans have positioned themselves to continue their electoral descent. Here’s something else that tickles me no end, concerning the Rethuglican Party’s attempt at a new “hip-hop” image. Tweeter!
    The idea that these guys are going to tweet, is hysterical. Can you just imagine what hilarity will ensue when they comment off the cuff? Given how funny their planned statements, and media sound bites have been, they’ll keep the nations comedians well supplied with material for a good long time. So keep on keepin’ on, my friend. You guys go get “jiggy with it”, I’ll just sit back and enjoy the show.

    By the way! The offer is still open; anytime you guys want to get on board with some constructive thinking. But you’ll have to give up your propensity of being the party of Nay.

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  2. Johnny 4 packs,

    You fail to recognize my recognition that the GOP is just as to blame as the Democrats are.

    See paragraph 4 which reads: “While there are a number of issues, problems, and reasons for why Obamalism is likely to fail, the biggest flaw with the governement’s plan to fix things (and in fairness, was part of the problem with George W. Bush’s bailout plan as well), is this: debt.”

    Your man Obama ran on the idea of “change.” He had an opportunity to promote real change and has instead resorted to the same old Washington solution to all of our country’s problems. He’s no better and no worse than the GOP. What you and your bretheren need to realize is, he’s NO DIFFERENT!

    Deficit spending by the government is not the solution. It is the problem.

    The whole lot of members of Congress (Republicans and Democrats) need to go for what they are doing to our childrens’ future. Thinking people like us should put partisanship aside and demand better people to represent us.

    But that is just a pipe dream I guess…

    p.s. I take great joy in that my referring to the Democrat party (as opposed to “Democratic” party) as I do, gets your panties in such a wad!

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  3. On your last point. That’s okay, I’m not giving up Rethuglican any time soon. As far as Obama’s trajectory relative to change; Geez Louise. He’s only been in office a bit more than a month. The transition from one manner of operating executively, to another, can not be so great as to cause financial whiplash, don’t you think? I will give you thids, though. I’m not particularly enamored with Geithner, nor the way Treasury is working in general. But then again, what the hell do I know. I only know that I’m doing my best to bone up on the financial workings, of this country, and have come to the overall conclusion that unless things change greatly, we’re all f*cked. There’ll be plenty of time for you to say, “I told you so”, and I might even be willing to jump on him myself, if he screws up badly. But you must admit, the bar has been set pretty high regarding f*cking up. Your boy Bush set quite a standard.
    You’re smart. Your religious, or at least spiritual. Conjure up a little Faith, and hope he can make the difference we all know we need. You have a platform for doing just that. Surprise me.

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