Last week, Michael Solon wrote an op-ed essay in the Wall Street Journal entitled “What Democrats and the CBO Don’t Get”. He was talking about how the administration’s actions relating to the economy are not leading to economic growth, which is the best way to increase federal revenues and improve conditions for Americans. However, none of them get the real problem here. Ayn Rand said, when you are looking at any situation, if results don’t appear to follow actions, you should “check your premises”, and I have found this to be very helpful. Unfortunately, too many op-ed writers commenting on the Obama economy completely miss the real issue. Their assumption is that Democrats and the administration value economic growth, and want to improve the lives of all Americans. That is an incorrect assumption, especially if you really pay attention to what those people and groups have said, in the media and in their writings.
Just look at what is actually happening, and you will see that Obama and his minions in Washington don’t care about economic growth, or the standard of living of the “American people”, who they like to invoke when demanding higher taxes and more regulation. What they REALLY care about is POWER, and moving more political power from the People to the State. Just read all the stories about huge monetary settlements extracted from big banks, insurance companies, and industries. The Great Recession and financial crises were pretty much over by 2010, but the Obama minions are still suing banks for billions more dollars, and enforcing onerous regulations, in order to bring them under the jack boot of the government. A bank now can’t breathe without getting permission from Uncle Sam. The Feds have completely taken over the student loan industry, which gives them control of the lives of colleges and their students. They have also begun to put most for-profit educational institutions out of business, reducing choices of adult learners. Through Obamacare, the Feds have taken over the best medical care system in the world, reducing insurance choices for millions of citizens, increasing costs, and making doctors employees of the State.
The Democrats in power don’t really care about increasing government tax revenue (their “economists” are not stupid-they know that economic growth is higher when more people get to keep their hard-earned money). All they want is to be able to reward their friends (environmentalists, labor unions, academics, illegal immigrants, homosexuals) and punish their enemies. They have done just that, making the IRS into a political cudgel against conservatives, and attempting to confiscate more and more of the hard-earned wealth of successful business leaders. Their ultimate aim is to create a dependent class whose sole source of sustenance is the Government, and they are making fairly good headway. They figure that, the more welfare they can hand out to more people, the more likely those beneficiaries all are to vote Democrat, and keep THEM in power. The population of America should wake up, and resist the efforts of Government to reduce them to wards of the State.