And they’re no good because you ain’t half the Savior you think you are:
With the grime of governance having replaced the gauze of campaigning, the country has now been able to focus on something that wasn’t quite as clear in November 2008: That when it comes to basic economic orientation, the main “change” in this presidency is a reversion to the pre-Bill Clinton days of Keynesian faith in centralized planning by technocratic experts in the name of empathizing with the downtrodden. It didn’t work then, and it isn’t working now.
You want to win back the faith that most voting Americans placed in you 14 months ago? Start by taking your own promises seriously, rather than treating them as short-term fixes for your long-term drop in popularity. Continue by taking the American people seriously, by acknowledging that their differences of opinion with you on economic policy spring from a genuine place. And finish by doing something no president since Bill Clinton has even tried: Scale back ambitions. Pay as you go. Limit the growth of government.
A thousand central planners before you have learned it the hard way: Prosperity isn’t something the government creates, it’s something the government, in the best case, can enable, mostly by establishing a set of simple rules and getting the hell out of the way.
ObamaNomics is built on the assumption that politicians are better stewards of economic resources than the millions of individuals and business enterprises who created those resources. The Democrats’ plan is to dramatically increase taxation to fund programs through which government can exert greater control over our lives.
But these data show that the private sector’s ability and willingness to generate wealth for government to seize through taxation is rapidly diminishing. These data show that Obama’s own actions are literally killing the goose that lays the golden eggs he needs to fund his agenda.
The drop in individual income tax revenue in fiscal 2009 was the steepest since 1939. As the chart shows revenue continues to plummet in fiscal 2010.
…The drop in corporate income tax revenue in fiscal 2009 was the greatest since 1932, the depths of the Great Depression. As the chart shows, revenue continues to crash in fiscal 2010.
Read ’em both. Their conclusions are the same, but the ObammieCommieCrats aren’t listening. They’re too firmly wedded to the nitwit Left’s reliable-failure economic theories — and too smugly convinced of their own superior intelligence and competence — to let common sense and the irrefutable evidence of history stand in the way of their grand schemes.
Update! The upshot of all this liberal stupidity and arrogance, explained by Ledeen:
I don’t think a vote of such magnitude was based merely on anger, a word invariably trotted out to explain Democratic defeats (remember the “angry white man” a few years back?). I do believe that passion played a big role, but a somewhat different one: not anger, but fear. They’re afraid of Obama. Afraid of what he’s doing to them, and therefore prepared to change sides.
This fear is extremely broad-based. It is not limited to social class nor to domestic or foreign policies. Banks are not lending, companies are not hiring, because they are afraid of what Obama will do next. Both are afraid of onerous taxes, including new health care burdens, and the banks fear new regulations and the consequences of the recently declared war on evil bankers by the president. Seniors are afraid they will be deprived of medical treatment. Juniors are afraid they are going to be forced to buy health insurance they don’t think they need. Across the board, Americans are afraid they’re not going to find work, and won’t be able to afford a house. And, as the Massachusetts vote showed, Americans are worried about threats from abroad, worried about Iran, afraid of terrorist attacks, and afraid the Obama Administration doesn’t take all this seriously enough. As Scott Brown put it, most Americans think our tax dollars should go to fighting terrorists, not to pay lawyers to defend terrorists.
Yeah, well, it don’t make ’em runnin’ scared, to use a quote that’s especially apt in light of the last sentence in Ledeen’s first paragraph.