ObamathJul 13, 2009
When learning math, many of us were taught to take our time, double check our work, and be sure we had it right. The consequences of sloppy math would come back to hurt us when we got older, in learning how to balance a checkbook, for example. Now, introducing Obamath, where you can rush through spending trillions of dollars without impunity. First, Vice President Biden said, in apologizing for the dismal failure of the "stimulus" (i.e., porkulus) bill, that the administration "misread" how bad the economy was (Washington Post). Does that mean if it "read it right" it would have printed and spent even more than the $787 billion it did spend? (Actually, it did spend even more, in the form of the $400 billion-plus "omnibus spending bill" that followed.)
But now President Obama says the veep was wrong (what else is new?) and the administration didn't "misread" the information it had about the condition of the economy, but rather didn't have enough information about the economy (msnbc.com).
Let's stipulate, for the sake of argument, that he's right: How does he reconcile not having enough information then with having "all the information" now in trying to take over one-sixth of the U.S. economy (health care) in less than a month? You see, Mr. Obama wants his socialized medicine bill passed by Congress' August recess! We are to believe, all of a sudden, President Obama, Vice President Biden, tax cheat Treasury Secretary Tim Geithner and abortion-anywhere-anytime HHS Secretary Kathleen Sebelius all of a sudden know everything they need to know and can cobble it together in a few short weeks? While managing all the left-wingers in Speaker Pelosi's crew?
If its spending/printing of more than $1.2 trillion in the few short weeks after his inauguration was horrible gamble all gone wrong for a typically short-term economic problem, exactly how disastrous will Mr. Obama's math be in a rushed nationalization of health care, which is an ongoing, with-us-for-a-lifetime industry?
Let's be clear. They know all they want to know which is nothing less than to nationalize every major component — and then some (small businesses are next, see the Wall Street Journal) — of the American economy.