America

Obama may abort the American dream

I have been looking for "the sign" that the good times are over for good. It came in a Denver Post headline: "Abortions increase in face of economy". Family planning has a new definition. In the words of country singer Merle Haggard, "Are we rolling downhill like a snowball headed for Hell?" Good ol' Merle said things would be better when Ford and Chevy made cars that last ten years like they should.

Gone are the days of procreating children to help run the family farm or business. The word "family" has been destroyed by cultural revolution. The most famous family today depicts a welfare mother prostituting the images of eight new babies. Now there is a retirement plan.

President Obama and Democrats will do what they want now that they can. It's frustrating. Plans for retirement for most of us now must consider a future of massive inflation to repay more debt than all the nations previous presidents had accumulated. Charge today! No payment till next year!

President Obama talks about the urgent need to pass his oversized-credit-card economic plan, some of which already passed without a chance to readthe fine print. Congress deserves a pay cut. Withdrawal is the new plan for the Middle East. Our Mexican border leaks immigrants and drugs, both of which are killing us in their own way. Shall we expect "amnesty and legalization" as a bold border plan? It would fit the mold.

Mortgaging a nation on "false appraisal" is worse than mortgaging our homes for 125 percent of speculated value was. U.S. taxpayers have been conned into bailing out bad-banking behavior. Our creditors have noticed. The Chinese are abandoning the dollar because they fear our inflation will erode their investments. The international Ponzi scheme has been outed.

Off with their heads!

One of the hallmarks of revolution -- particularly of the socialist variety -- is retribution. My previous posts about the Obama brand of "retributive justice" have focused on the systemic penalties that his policies have on those who produce wealth. They are punitive -- bot not focused on specific individuals. Until now, I was of a mind that not even in Obama's "new America" would we be stringing up capitalists to cries of "off with their heads". I guess I've underestimated the zeal of the anti-business zealots in the Congress. Last week the House voted 328-93 to slap a 90% tax -- ex post facto -- on the bonuses of anyone at every bank receiving $5 billion in TARP money who earns more than $250,000 a year. A draft Senate version is even broader. This tax applies to income earned last year and under legally binding employment contracts. It is confiscatory and punitive to the extreme, and targets many talented and innocent executives who have been working in good faith and have had nothing at all to do with the melt down at their companies.

Keep in mind that many of the banks who took TARP money did so under pressure from Ben Bernanke and Hank Paulson, who famously gathered them into a meeting room at Treasury and twisted arms until they took Federal bail out funds whether they wanted them or not. Now the government apparently has these companies where it wants them: having forced them to take the money, they are now confiscating the wealth created by the individuals who run them. Its a classic nationalization power play worthy of Hugo Chavez. And it is patently un-American and unconstitutional.

The The Wall Street Journal has an important lead editorial on this today -- I won't repeat it here. But this is a salient paragraph from it that is worth keeping in mind:

The financial system will suffer in particular, just when the Obama Administration is desperately seeking more private capital to ride out future losses. Facing such limits on the ability to reward talent, every bank CEO will try to pay off the TARP as soon as possible, whether or not this leaves the bank with a weaker capital base. Hedge funds and other investors that Treasury needs for its new Public-Private Investment Program, or for the Federal Reserve's TALF, will also be warier, if they'll play at all. Treasury may promise nothing punitive for these programs, but that's also what it said about the TARP.

America is quickly becoming a banana republic with executive fiat taking precedence over legal contracts. It will fully undermine our system -- and reflects the total lack of understanding that our government has about how incentives influence business and how markets work.

Viva la revolucion!!

Obama the wanderer

I've been struggling over the last few weeks to put my finger on what bothers me so much about Barack Obama. Yes, I know that sounds strange coming from me -- since the pages of my blog are filled with criticisms of the man and his beliefs. But there is something else that is bugging me about the Obama presidency, and it isn't so much about policy as it is a feeling that I have -- a sense of the peripatetic way he is going about this very serious job he has. I've been watching Obama now travel from media event to media event, fluttering about the country with much fanfare but little substance. There is something missing. A sense of steadiness. His devotion to his teleprompter -- already the stuff of scorn and ridicule -- is unsettling. Wasn't he supposed to be the eloquent one who wields a brilliant intellect? The next great communicator?

Peggy Noonan does a masterful job in today's Wall Street Journal of putting my sense of Obama into words -- it's a must read. I've been frustrated with Noonan's commentary about Obama since the election -- she seemed all too willing to accept the notion that Obama really is some new, transcendental leader. But no more. This most recent piece captures perfectly the true essence of the "Obama phenomena" -- full of sound and fury, and signifying nothing:

He is willowy when people yearn for solid, reed-like where they hope for substantial, a bright older brother when they want Papa, cool where they probably prefer warmth. All of which may or may not hurt Barack Obama in time...

Such impressions—coolness, slightness—can come to matter only if they capture or express some larger or more meaningful truth. At the moment they connect, for me, to something insubstantial and weightless in the administration's economic pronouncements and policies. The president seems everywhere and nowhere, not fully focused on the matters at hand. He's trying to keep up with the news cycle with less and less to say.

Our new president is chasing the news cycle, going on Jay Leno and following the cues from the dwarfs in Congress -- that august body of tax cheats and pork spenders where Obama most recently worked. He is engaged in a dance of reaction as opposed to a steady march of action, all at a time when we are dealing with crisis at home and war abroad. This is a time for steeliness and strength, and what we have is unfocused, peripatetic waffling.

Those of you who read this blog know that this comes as no surprise to me. Barack Obama is a man of great salesmanship, who understands how to get you excited to buy something, but then knows nothing of the details once you've purchased it. He's already on to the next sale, the next opportunity to close the deal and show his ability to convince and cajole. His sense of office is a constant campaign -- lots of platitudes and generalities, the kind of stuff that makes crowds clap. He's a jack of all and master of none. And now that he is the master of our collective domain -- the United States of America -- the weaknesses show through with growing clarity and alarm.

As Noonan succinctly argues, Obama has two jobs -- to fix the economy and to keep us safe. On both scores he seems wanting. When Dick Cheney recently criticized Obama for making us less safe in the wake of his recent decisions on Guantanamo and interrogation, White House press secretary Robert Gibbs reacted with disdain. Mr. Cheney is part of a 'Republican cabal.' 'I guess Rush Limbaugh was busy.' This was cheap."

Cheap and wrong. For whatever you wish to say about Dick Cheney, he know of what he speaks -- having seen first hand the post 9/11 intelligence briefings for 8 years. Cheney knows that the threat from Islamic terrorism is a constant drumbeat that can't be wished or talked away. He knows that the Obama administration has not yet found a serious footing on this issue -- and that this puts the country at risk. Noonan says it well:

What can be used will be used. We are a target. Something bad is going to happen—don't we all know this? Are we having another failure of imagination?

A month ago former FBI director Robert Mueller, in a speech to the Council on Foreign Relations, warned of Mumbai-type terrorist activity, saying a similar attack could happen in a U.S. city. He spoke of the threat of homegrown terrorists who are "radicalized," "indoctrinated" and recruited for jihad. Mumbai should "reinvigorate" U.S. intelligence efforts. The threat is not only from al Qaeda but "less well known groups." This had the hard sound of truth.

Contrast it with the new secretary of homeland security, Janet Napolitano, who, in her first speech and testimony to congress, the same week as Mr. Mueller's remarks, did not mention the word terrorism once. This week in an interview with Der Spiegel, she was pressed: "Does Islamist terrorism suddenly no longer pose a threat to your country?" Her reply: "I presume there is always a threat from terrorism." It's true she didn't use the word terrorism in her speech, but she did refer to "man-caused" disasters. "This is perhaps only a nuance, but it demonstrates that we want to move away from the politics of fear."

Ah. Well this is only a nuance, but her use of language is a man-caused disaster.

Exactly right. Eight years after 9/11 and two wars in Iraq and Afghanistan and we are still learning the same lesson over and over again: there are enemies who want to destroy us out there, they are Islamic fundamentalists and they can and will use any weapon they can get their hands on -- from machine guns to suitcase nuclear bombs. It isn't an issue of nuance, it is one of survival. The administration's responses -- as Dick Cheney points out -- should in no way be comforting.

These are the two great issues, the economic crisis and our safety. In the face of them, what strikes one is the weightlessness of the Obama administration, the jumping from issue to issue and venue to venue from day to day. Isaiah Berlin famously suggested a leader is a fox or a hedgehog. The fox knows many things but the hedgehog knows one big thing. In political leadership the hedgehog has certain significant advantages, focus and clarity of vision among them. Most presidents are one or the other. So far Mr. Obama seems neither.

Very well said, Peggy.

Some hard truths

Fellow conservative blogger Donald Douglas has an interesting post up that cites Robert Bork's recent book entitled: A Time To Speak:Selected Writings and Arguments. Many of you will remember Bork as having been an unfair victim of left-wing demagoguery during his 1987 Senate confirmation hearings after Ronald Reagan nominated him for the U.S. Supreme Court. Though beaten in that instance, Bork has been unbowed in using his prodigious intellectual talents to influence the national debate via his writings over the past 20 years. As Douglas recounts, Bork wrote back in 1995 with uncanny prescience in his essay Hard Truths About the Culture War that we face a real and growing threat from liberalism that is destroying our culture: Modern liberalism is most particularly a disease of our cultural elites, the people who control the institutions that manufacture or disseminate ideas, attitudes, and symbols-universities, some churches, Hollywood, the national press (print and electronic), much of the congressional Democratic party and some of the congressional Republicans as well, large sections of the judiciary, foundation staffs, and almost all the "public interest" organizations that exercise a profound if largely unseen effect on public policy. So pervasive is the influence of those who occupy the commanding heights of our culture that it is not entirely accurate to call the United States a majoritarian democracy. The elites of modern liberalism do not win all the battles, but despite their relatively small numbers, they win more than their share and move the culture always in one direction ....

What we are seeing in modern liberalism is the ultimate triumph of the New Left of the 1960s - the New Left that collapsed as a unified political movement and splintered into a multitude of intense, single-issue groups. We now have, to name but a few, radical feminists, black extremists, animal rights groups, radical environmentalists, activist homosexual groups, multiculturalists, People for the American Way, Planned Parenthood, the American Civil Liberties Union, and many more. In a real sense, however, the New Left did not collapse. Each of its splinters pursues a leftist agenda, but there is no publicly announced overarching philosophy that enables people to see easily that the separate groups and causes add up to a general radical left philosophy. The groups support one another and come together easily on many issues. In that sense, the splintering of the New Left made it less visible and therefore more powerful, its goals more attainable, than ever before.

In their final stages, radical egalitarianism becomes tyranny and radical individualism descends into hedonism. These translate as bread and circuses. Government grows larger and more intrusive in order to direct the distribution of goods and services in an ever more equal fashion, while people are diverted, led to believe that their freedoms are increasing, by a great variety of entertainments featuring violence and sex ...

As Douglas also notes, the "splintered" left-wing groups that Bork described in 1995 look a lot like the various liberal organizations that have now organized to make change within the Obama Administration.

An excellent example of this can be found in Ben Smith's recent article at Politico.com entitled: Unity '09 -- Dem Groups Quietly Align:

A broad coalition of left-leaning groups is quietly closing ranks into a new coalition, "Unity '09," aimed at helping President Barack Obama push his agenda through Congress.

Conceived at a New York meeting before the November election, two Democrats familiar with the planning said, Unity '09 will draw together money and grassroots organizations to pressure lawmakers in their home states to back White House legislation and other progressive causes.

The online-based MoveOn.org is a central player in the nascent organization, but other groups involved in planning Unity '09 span a broad spectrum of interests, from the American Civil Liberties Union to the National Council of La Raza to Planned Parenthood, as well as labor unions and environmental groups.

The obvious point to be made here is that the most radical of left-wing interest groups are organizing to have a major impact on public policy in the Obama White House. What follows logically from this is a pro-choice, pro-illegal immigration, pro-tort/pro-defendant and pro-union orientation that will systematically weaken the foundation of our nation and our economy. Just today, for example, it was revealed that estimates for Obama's "Cap and Trade" environmental protection regime will cost the economy well over $1 trillion over the next several years -- a huge tax on business in the name of satisfying the global warming alarmists who seek curbs on carbon at any cost.

With the Obama presidency we have opened the West Wing to the worst kind of single-minded interest groups -- for whom the word "compromise" and "in the national interest" have absolutely no meaning. There is no quid-pro-quo among the true believers, who have organized their lives around unyielding belief in the importance of a single issue -- be it abortion, immigration, torture, civil liberties or the environment.  For these disciples, there is no second place  -- total victory is the only option.  And for those of us who believe in open, honest debate, this is a hard truth, indeed.

Optimism is our only choice

Editor: One of the great things about blogging is the way it brings forward new voices, bypasses credentialism, and stirs the currents of thought in valuable, unexpected ways. I never expected that lunch in the university dining room with CCU's young soccer coach, newly transplanted from Wisconsin to the Rockies, would connect me with a conservative kindred spirit and fiery patriot who also blogs entrepreneurially on personal finance issues. But that's how it went on the day I met Josh Caucutt. Backbone America is delighted to welcome him as a new contributor. Optimism is our only choice

    “Always after a defeat and a respite, the Shadow takes another shape and grows again.” “I wish it need not have happened in my time,” said Frodo. “So do I,” said Gandalf, “and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us.” --The Fellowship of the Ring, Tolkien

I believe we are in difficult days. I believe that history shows us that we might be headed for some of the worst days that the United States has ever known. This Congress has added a huge weight of debt around the neck of every man, woman and especially every child. Furthermore, all of the talk of the future seems to hold only the dim promise of new taxes, higher taxes, more debt and greater levels of government involvement in our daily lives. We are on the precipice of socialism. In the name of crisis, our government is choking the lift out of small businesses, entrepreneurs and all who desire to pursue life, liberty and happiness with as few government entanglements as possible. Even a great thinker like Thomas Sowell is in the clutches of pessimism.

These forces conspire to pull us ever closer to total government dependency and inevitable total government control. Sometimes it seems like we are caught in that frequent science fiction movie plot where the townspeople are slowly being turned to zombies or possessed by aliens until the hero is the only person left with his senses intact. He runs around looking for help, but everyone to whom he turns is already working for the evil that he seeks to defeat. He struggles and flails until some glimmer of hope motivates him to act and eventually he obtains the Hollywood ending that we all expect. Except we are not guaranteed an “ever after” ending in real life.

Yet American culture has always held that glimmer of hope - that belief that everything is going to turn out all right. We find it in our history, our literature, in our movies and in ourselves. We must be optimistic about the future, it is our only choice. To wallow in pessimism or apathy is to give up and admit defeat. Optimism spurred the War for Independence, optimism emancipated a race of people, optimism carried the day on June 6, 1944 - optimism and a commitment to duty no matter the cost.

It's true that recently my own little blog has focused on what is wrong with the direction of our country -- but while I believe there is cause for concern, I want to personally act optimistically and I hope that my readers will do the same.

Don’t make excuses for coming up short. Find a way to get it done. Fear can be a good motivator. We don’t know how far we can stretch until we are really pulled. Quitting never fed a family, never ran a business, and never got someone out of debt. Avoid allowing government to take credit for your success. Be the difference in your life and the lives around you. Don’t let government be your excuse for failure. Government can make things difficult for people, but government can never squelch the drive, innovation, creativity and independent spirit that is alive and well in this country.

Freedom is difficult to win and difficult to keep, but if there is any group of people on the earth who can accomplish both, it is us.

Joshua Caucutt blogs three times a week at Rocket Finance.