Authored by William Robert Barber
Without the votes of three Republicans enjoined with Democrats, a senate filibuster would have blocked the newest of Obama’s remakes of American business; a legislative remake that must be handed off to 10 regulatory agencies with the discretion to write the rules managing the practice of finance. In other words, only in time will the details of the lawful legislation be known. Noticeably, this time line of agency discretion to write the rules will stretch over the next election wherein, if the Republicans are successful in the November election, the sun rises and sets as predicted (“if” has such an unsettling whimsicalness of a meaning) and insanity maybe rejected in favor of sensibility.
The cost and effect of ObamaCare is, day-by-day, stripping off its pretentiousness in favor of its actualities. Soon the legislation, bare and obvious, will not be able to dance to the whim of Obama rhetoric. The process of implementation will uncover the loosely construed tenants and covenants of this voluminous, ill-defined contextual of a law — a law whose real world ramifications can no longer be disguised or falsities cleverly distorted. ObamaCare was instituted by legislative “hook and crook.” The policy was pushed and pulled but certainly not as a sensible, pragmatic attempt at solving certain health care reforms, but to facilitate the Obama goal of institutionalizing their brand of American Socialism.
The forthcoming election will define the merits and measure of their success. I predict that their heretofore façade of “In the public interest” will be exposed as simply another ideologically founded political maneuver of liberal progressive persuasion.
This country of ours has many very pressing problems, but definitely in competition for the number one spot is our economy. The Federal Reserve, according to those in the know, has been quantitatively managing the money supply while noting the sensitivity of not prompting uncontrollable inflation. As part of its strategy, until just recently, the Feds have been buying assets in the form of mortgage and U.S. government bonds, 1.5 trillion dollars worth. It does look like the economic outlook has deteriorated since the Feds’ last meeting. But in the meantime, the homebuyers tax credit has expired and the Feds, as they predicted months ago, stopped buying up excess mortgages.
The one item of grave concern, an underlying cause and effect of a humdrum economy, is the high unemployment rate. The Democrats can give away money by paying for current consumption in the form of extending unemployment benefits; they can increase government employment, support union agendas… but all they can do in the private sector is create uncertainty and increase taxes.
Mr. Bernanke has sworn that he will not monetize the debt. Hmm… that must mean he does. Monetizing the debt is an action by the Feds to convert debt into available currency. This can be achieved by issuing securities or simply printing money. For years, banana republics have been utilizing this fiscal policy as means by which the reconciliation of debit is satisfied. Since the central bank is not audited, no one really knows the monetary status of this nation — possibly, we have too many bananas in our republic.
All the professional guessers seem to align with their particular socio-political ideology in the first cause; then, in the second, they access and analyse the specifics of the issue. Hiding behind – and often within – their academic accreditations, they shield themselves from the pragmatic and common solutions. This does not protect them from the ‘just as accredited’ and their often unrelentingly mean spirited assaults on the veracity of their person or their merits. But it does lessen the number.
The layperson, lacking the sophistication of the few, the accredited, and the all-knowing… contemplates. The people uninhibited by the effects of Harvard, Princeton, and Yale wonk and therefore the resulting confusion of purposefully misdirected ambiguity, an ambiguity, perpetrated by ‘gnomes of the non sequitur’ posing as professors, is set aside in favor of seeking a practical solution. These taxpayers, these non-accredited laypersons of common education and common means, lacking a doctorate in economics, have written no books nor had their papers published in the haute culture of professional acceptance, are left to the simple measurement of the factual. Unsustainable public debt, current and future, the predictable heavy lifting of Obama healthcare encumbrances, the cost of administrating Obama’s bureaucratically enriched domestic policies, they count the number of unemployed, and they feel the incursion of the central government in the form of legislation, general unfairness, taxes, and fees.
And the Obama Democrats wonder why their hero’s poll numbers are dropping in favor of dissatisfied… well, soon, a little more than 3 months, we will all know the disposition of the electorate.