It’s not enough to blame misguided Keynesian stimulus
in all its forms — the specific 2009 legislation, annual
trillion-dollar deficits, central bank quantitative easing, and others —
for both the depth of the recession and the horrid three-year so-called
recovery which has followed it. There’s much more to this story of epic
underachievement, and most of it involves cronyism.
Though it has always been present to an extent and will never disappear as long as humans remain imperfect creatures, our Punk President (named by me) and his Gangster Government (tagged by Michael Barone) have taken cronyism — other than the financial industry component of the TARP bailouts, which Obama enthusiastically supported — to levels never before seen in the history of this great nation.
Unlike prior administrations, Team Obama has been brazen, shameless, and unapologetic about its cronyism. Its members have bragged about its results when they’ve been even remotely positive and pooh-poohed the far more numerous and financially devastating failures as mere costs of doing the government’s business. Ultimately, they and their comrades who pretend to be in the “private sector” want Americans to buy into the idea that cronyism on steroids is the only way things can get done in what is an otherwise opportunity-barren, unfair world.
Readmore: http://pjmedia.com/blog/cronyisms-costs/?singlepage=true
Though it has always been present to an extent and will never disappear as long as humans remain imperfect creatures, our Punk President (named by me) and his Gangster Government (tagged by Michael Barone) have taken cronyism — other than the financial industry component of the TARP bailouts, which Obama enthusiastically supported — to levels never before seen in the history of this great nation.
Unlike prior administrations, Team Obama has been brazen, shameless, and unapologetic about its cronyism. Its members have bragged about its results when they’ve been even remotely positive and pooh-poohed the far more numerous and financially devastating failures as mere costs of doing the government’s business. Ultimately, they and their comrades who pretend to be in the “private sector” want Americans to buy into the idea that cronyism on steroids is the only way things can get done in what is an otherwise opportunity-barren, unfair world.
Readmore: http://pjmedia.com/blog/cronyisms-costs/?singlepage=true
No comments:
Post a Comment