Economic and Financial Thoughts and Comments
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Monday, March 16, 2009
Obama's Fear-mongering - Obama's Rule No. 1
"Rule 1: Never allow a crisis to go to waste," reports White House Chief of Staff Rahm Emanuel to WSJ. Over the weekend, Secretary of State Hillary Rodham Clinton told an audience at the European Parliament, 'Never waste a good crisis.' Then President Obama explained in his Saturday radio and Internet address that there is 'great opportunity in the midst of' the 'great crisis' befalling America. Numerous commentators, have pointed to this never-waste-a-crisis mantra as ideological evidence that Obama's budget priorities are a great bait-and-switch. He says he wants to fix the financial crisis, but he's focusing on selling his long-standing liberal agenda even though his proposals have absolutely nothing to do with addressing the housing and toxic-debt problems. Indeed, some -- particularly on Wall Street -- would argue that his policies are making the crisis worse. But those policies aren't the real scandal, the real scandal is that this administration thinks crises are opportunities for governmental power-grabs." --National Review editor Jonah Goldberg
Labels:
Hillary Clinton,
Obama bait- and-switch,
Omaba
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