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  • “Let us go back to work!”

    Posted by onparkstreet on July 21st, 2010 (All posts by )

    Hot Air links to this speech against the feds’ moratorium on drilling by Gov. Bobby Jindal and picks out the following key phrase: “let us go back to work!”

    Is there a better way to summarize the spaghetti-diagram of legislated rules and regulations that bind, hold-down, dampen, repress and retard the engines of economic growth? Why hire that extra person when you don’t know who will staff the latest alphabet soup regulatory agency and what the regulations will be? Because you know, it’s all so empirical and science-y, man, watch and learn:

    1. Legislate new regulatory board.
    2. Staff new regulatory board.
    3. New regulatory board writes new regulations.
    4. ?
    5. 10% GDP growth! Yeah for us!

    By the way, America’s biggest cheer-leader had the following to say in his press conference with UK PM Cameron:

    And, in fact, in the first G20 visit that I made, in April to England, I was very clear to the rest of the world that what they cannot rely on is an economic model in which the United States borrows — consumers in the United States borrow, we take out home equity loans, we run up credit cards to purchase goods from all around the world. We cannot alone be the economic engine for the rest of the world’s growth. So that rebalancing ended up being a central part of our long-term strategy working with the G20

    Mr. President, I know you mean well but you are ONE MASSIVE DOWNER.

     

    3 Responses to ““Let us go back to work!””

    1. onparkstreet Says:

      I have no personal animus against the President, but really, sir:

      Mr. President = Debbie Downer.

      – Madhu

    2. bgates Says:

      I was very clear [as are you ever, Your Eloquence, Sir] to the rest of the world that what they cannot rely on is an economic model in which the United States borrows — consumers in the United States borrow, we take out home equity loans, we run up credit cards to purchase goods from all around the world

      -I don’t see why not. In fact there should be some kind of multiplier effect, where each dollar of US borrowing and spending produces several dollars of economic growth around the world. That’s the entire economic justification for this horrible, horrible man’s domestic policies, why wouldn’t it work internationally? Certainly he doesn’t think this country is in some way exceptional, so that can’t be it.

      Why on earth would you think this horrible, horrible person means well?

    3. onparkstreet Says:

      Bgates – that’s funny. You’re right. The administration is advocating on large scale (taking on too much debt) that they are criticizing in individuals. Typical.

      As to the other: I like to give people the benefit of the doubt, I’ve spent my whole life surrounded by academics and am very familiar with that thinking. Also, anyone that becomes a community organizer will have a certain mindset given that community. He likely thinks America needs to be changed, he’s the one to do it, and we don’t know what is good for us. It’s all part and parcel of his ideology. He can be sincere, and wrong. I think he is very wrong and I never understand people who live in the city, see the many societal ills and poor city government, and draw the conclusion that more government is the solution. It’s bizarre.

      – Madhu