Obama, The Paul Revere of Panic and Pessimism

This is much of an article written by Dick Morris at The Hill:

President Obama, in his pursuit of liberal big-government spending, has totally neglected the role of the president of the United States in reversing global panic. To the contrary, his every remark and the constant preoccupation of his Cabinet is to heighten the sense of crisis and to escalate the predictions of doom if we do not do as they tell us and raise spending now and taxes later.

Instead of being a firewall, reassuring Main Street even as Wall Street crashed, he has become a conduit of panic, spreading the mood of desperation from the stock exchange floor to kitchen tables across the world.
There are bad loans, which became bad assets, that lie at the root of the crisis. Through deregulation by the government and the greed of financial institutions, they spread to every portfolio in the world. But these basic facts have metastasized out of all proportion to their real harm into job and financial insecurity for every family on Earth.  It is President Obama, not the markets themselves, who has spread this fear. A global Paul Revere, he has not only aroused us, but incited fear and trepidation in his wake

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In addressing this panic, the president of the United States must truly be the leader of the world — showing the way back to confidence.

Instead, Obama has been instrumental in purveying fear and spreading doubt. It is his pronouncements, reinforced by the developments they kindle and catalyze, that are destroying good businesses, bankrupting responsible people and wiping out even conservative financial institutions. Every time he speaks, he sends the markets down and stocks crashing. He doesn’t seem to realize that the rest of the world takes its cue from him. He forgets that he stands at the epicenter of power, not on the fringes campaigning for office. This ain’t Iowa.

Why does Obama preach gloom and doom? Because he is so anxious to cram through every last spending bill, tax increase on the so-called rich, new government regulation, and expansion of healthcare entitlement that he must preserve the atmosphere of crisis as a political necessity. Only by keeping us in a state of panic can he induce us to vote for trillion-dollar deficits and spending packages that send our national debt soaring.

And then there is the matter of blame. The deeper the mess goes — and the further down his rhetoric drives it — the more imperative it becomes to lay off the blame on Bush. He must perpetually “discover” — to his shock — how deep the crisis that he inherited runs, stoking global fears in the process.

So, having inherited a recession, his words are creating a depression. He entered office amid a disaster and he is transforming it into a catastrophe, all to pass every last bit of government spending and move us a bit further to the left before his political capital dwindles.

But the jig will be up soon. The crash of the stock market in the days since he took power (indeed, from the moment he won the election) can increasingly be attributed to his own failure to lead us in the right direction, his failed policies in addressing the recession and his own spreading of panic and fear. The market collapse makes it evident that it is Obama who is the problem, where he should, instead, be the solution.
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Random Thoughts After the Fall

It is over. The curtain has come down on politics 2008. For the past few months I’ve spent two or three hours a day wandering around the net to find information about the election. I now feel empty. I don’t want to continue to spend that much time on politics. So there is a void in my life. What should I do with the time? My first thought was to read a massive 19th century novel. War and Peace, maybe. But I’m now considering Dostoyevsky’s The Possessed after first doing a recent historical novel called Pilate’s Wife.

The L A Times says 82% voted in L. A. County. Wow, do I ever find that impossible to believe. I think you need two outside sources to confirm anything the Times says.

I was happy to see that Al Franken lost. I was thinking that he would just make the senate look like a bunch of moronic clowns. But today I realize that I’ve thought for years that they are a bunch of moronic clowns. Moronic, bribe taking, selfish, greedy, dishonest, sell out clowns. But most Americans think little about them. Maybe a Franken victory would be good if it got people to pay attention to the thieving, clownish crimes going on in Washington.