What Have We Wrought?
By now I’m suspecting that many Obama supporters (those with intellectual honesty) are suffering a severe case of voters remorse. Aside from the several examples of bungling of foreign diplomacy to “tax cheats may apply”, the true scope of President Obama’s reign is beginning to become apparent. George F. Will sums it up particularly well with this.
In February, California’s Democratic-controlled Legislature, faced with a $42 billion budget deficit, trimmed $74 million (1.4 percent) from one of the state’s fastest-growing programs, which provides care for low-income and incapacitated elderly people and which cost the state $5.42 billion last year. The Los Angeles Times reports that “loose oversight and bureaucratic inertia have allowed fraud to fester.”
But the Service Employees International Union collects nearly $5 million a month from 223,000 caregivers who are members. And the Obama administration has told California that unless the $74 million in cuts are rescinded, it will deny the state $6.8 billion in stimulus money ...
Anyway, the Obama administration, judging by its cavalier disregard of contracts between Chrysler and some of the lenders it sought money from, thinks contracts are written on water. The administration proposes that Chrysler’s secured creditors get 28 cents per dollar on the $7 billion owed to them but that the United Auto Workers union get 43 cents per dollar on its $11 billion in claims—and 55 percent of the company ...
And most chilling of all:
The Obama administration’s agenda of maximizing dependency involves political favoritism cloaked in the raiment of “economic planning” and “social justice” that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration’s central activity—the political allocation of wealth and opportunity—is not merely susceptible to corruption, it is corruption.
Oy, what have we wrought?