USA: An Economic Obamanation

I love it when lefty columnists write headlines like this:

GOP Out to Sabotage Economy!

It gives me a chance to say,

"Too Late, Obama Beat Them To It!"

You can always count on lefty loon Michael Tomasky to give us a good hearty laugh at his expense.  His naked psychological projection is stunning:

It’s about time the Democrats started saying openly what has been clear for months or even years now—that as long as economic recovery would work to the political benefit of Barack Obama, the Republicans have been, are, and will be in favor of sabotaging the economy.

Tomasky must have been on the moon during the Bush years, when democrats and their toadies in the press spent 6 whole years talking down the economy until finally they got their wish and it crashed.

What's Obama's economic plan?  Mine involves hoarding ammo, water and MREs...  It could get ugly out there.

It's not getting a lot of press here in the US, but the European streets are simmering with anger, and this time it's not the Muslims, but the natives who are violently restless.  Could anger spill over to violence in this country against those running the joint?  Hell yea, concludes eternal skeptic and unabashed liberal Paul Farrell.

He calls Reaganomics evil, but is silent at the progressive evil that has racked up northwards of $60 trillion in unfunded liabilities, all in the name of “progress” and prosperity, while actually driving us to retrograde penury.

That street violence, in Athens, Madrid, and someday here, was brought to us by the bankrupt promises of progressivism.

The European Union, like the 19th-century Congress of Vienna, can point to one achievement: a general absence of war in Western Europe for more than 60 years. Otherwise, almost all the socialist promises of an equality of result are imploding before Europeans’ eyes. (VDH - Europe is Warning Us)

Income inequality is at an all time high, unemployment is rampant and we are trapped in an Obamanomics stagflation death spiral.  People have a right to be angry.

If the people at the top got there by the sweat of their brow battling it out in the free market arena, good for them.  I begrudge them nothing.  But that’s not always the case in the United States of Crony Crapitalists.

The Big Banks are still to big to fail, despite what Chris Dodd and Barney Frank told us.  The sweaty pornographic embrace (with the taxpayer as the pivot man) between DC and Wall Street is simply too lucrative to abandon.

Goldman Sachs, Bank of America, Citigroup, and other giant U.S. banks have been profiting at your expense through an implicit taxpayer guarantee of their debt above and beyond the bailout funds they have already received, a recent report from credit agency Moody's shows.

We are in for a painful deleveraging.  Walter Russell Mead writes that we will pass through a profound societal change as well.  There’s no way around it.  We are out of easy answers.  We bought our prosperity with borrowed money, and it must be paid back, but the Obama administration is blissfully ignorant of this reality.

Victor Davis Hanson asks...

If dispirited Europeans are conceding that something is terribly wrong with their half-century-long experiment with socialism, unassimilated immigrants, cultural apologies, defense cuts, and post-nationalism, why in the world is the Obama administration intent on adopting what Europeans are rejecting?

Liberals love to preach about environmental sustainability, but they ignore the fact that the social model they have built is financially unsustainable.