Some old Chinese guy is laughing his butt off somewhere in the great motherland ’cause we sure are livin’ in some interesting times. President Obama has succeeded in ramrodding a Trillion dollar so-called “stimulus” package through Congress, the biggest platter o’ political pork ever! Makes that 17 Billion for the auto industry looks like teeny, tiny taters, don’t it? Speaking of . . .

General Motors is begging for its life and the labor unions still won’t compromise, which may force them to declare bankruptcy and leave their pension obligations to the Feds — which actually means all of US will be on the hook. Thanks guys, the next time something falls off my Chevy I’ll be thinkin’ of ya! That was Friday when the talks broke down, and although they resumed at some level on Sunday, there’s no evidence as yet that any agreement will be reached by tomorrow’s deadline.

Back at the WH Pres. Barry has rejected the idea of a Car Czar — there will be a Presidential Task Force instead, headed up by the tax-cheating U.S. Treasury Secretary Timothy Geithner and Lawrence Summers, who heads the National Economic Council. Why put someone in charge? That might make someone actually responsible for the success or failure of this venture and that sure wouldn’t give the administration much wiggle room, would it? Gotta have that wiggle room if you’re a Dem! Oh, ya betcha!

And there’s the dichotomy inherent in the Obama approach to this financial mess we’re in. Instead of being Presidential and encouraging the American people to stiffen their lips, tighten their belts, strengthen their resolve and look toward a future full of promise and possibility — our new fearful supreme leader warns of impending doom — catastrophe beyond the imagination — financial Armageddon no less! Well, Bradley Schiller writing in the Wall Street Journal last Friday picks a few bones with the Chosen One over this careless rhetoric:

President Barack Obama has turned fearmongering into an art form. He has repeatedly raised the specter of another Great Depression. First, he did so to win votes in the November election. He has done so again recently to sway congressional votes for his stimulus package.

In his remarks, every gloomy statistic on the economy becomes a harbinger of doom. As he tells it, today’s economy is the worst since the Great Depression. Without his Recovery and Reinvestment Act, he says, the economy will fall back into that abyss and may never recover.

The Mighty “O”ne was so concerned that this stimulus package be passed and delivered for his signing that he took the weekend off to hang out with the fam in Chicago, go out to a nice dinner with the wife for Valentine’s Day and then wait a couple more days, until tomorrow (Tues.) in fact, where an “invitation-only event” will allow him to once again make a big show out of his actually doing his job. But, that’s another story.

Back to the Journal. After comparing job losses in our current “crisis” to those in the Great Depression and the recession of 1981-82, and then the rise/fall of the GDP and the performance of the auto industry in those some time periods, Schiller comes to this conclusion:

Mr. Obama’s analogies to the Great Depression are not only historically inaccurate, they’re also dangerous. Repeated warnings from the White House about a coming economic apocalypse aren’t likely to raise consumer and investor expectations for the future. In fact, they have contributed to the continuing decline in consumer confidence that is restraining a spending pickup. Beyond that, fearmongering can trigger a political stampede to embrace a “recovery” package that delivers a lot less than it promises. A more cool-headed assessment of the economy’s woes might produce better policies.

Better policies are not what’s on the President’s mind. A complete restructuring of American society is the Obama plan. He claims to love this great country, but wants to totally change it from what it was, into . . . what? If the words socialist state don’t easily come to mind, then you really aren’t payin’ attention. Schiller nailed it when he wrote “[F]earmongering can trigger a political stampede to embrace a “recovery” package that delivers a lot less than it promises.” Yeah, a lot less “recovery” but a hell of a lot more “Federal Control” over all our lives. That’s the CHANGE that is coming, regardless of whether it is the “change” that you were actually looking for from the almighty “O”.

Well, that was Friday and this is today, Monday — and the gnarly deed is a done deal and we are all on the hook for the better part of a trillion big ones! What can one do besides just bend over and get ready to take the Big One for the team? As Michelle Malkin notes, there’s an anti-Porkulus rally going on in Seattle today, and looks like there’ll be one in Denver tomorrow. For the Seattle event Michelle even sent over some pulled pork saying that today there really is a “free lunch”! LOL!

Well, maybe not “lots”, but we sure could use a chuckle or two right about now . . . Well, maybe not. Nothin’ funny happenin’ here.

Technorati Tags: Timothy Geithner, President Barack Obama, Great Depression, Recovery and Reinvestment Act, porkulus

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