Obama’s Radicalism Is Killing the Dow

It’s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president’s policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.
[Commentary] Martin Kozlowski

The illusion that Barack Obama will lead from the economic center has quickly come to an end. Instead of combining the best policies of past Democratic presidents — John Kennedy on taxes, Bill Clinton on welfare reform and a balanced budget, for instance — President Obama is returning to Jimmy Carter’s higher taxes and Mr. Clinton’s draconian defense drawdown.

Mr. Obama’s $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.

By Michael Boskin
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7 Responses to “Obama’s Radicalism Is Killing the Dow”

  1. PATRIOT Says:

    I am amazed at this post!! How do the neocons have the gall to even attempt to blame the current conditions on Obama. It is 28 years of failed neocon policies that got us into this mess. Talk about revisionism. Damn, will one of you neocons please answer a direct question. I understand why you cant….because it is a an admission that places your entire neocon cause on the scrap heap of history. Avoid your insults and condescending tone. Just answer the DAMN question.

    After 28 years of the failed neocon policies, that got us to where we are today, why should we ever trust your policies again??

  2. Utopian Says:

    Wassup with this blog??? Obama-haters, Bush-lovers- you people sick?

    Socialism is the wave of the future- get used to it, or get out.

    You no longer wanted here if you won’t conform.

    Sick dogs-

  3. GREG Says:

    You want answers, you want the truth. You dont want the truth beacuse You cant Handle the truth. The truth would destroy will destroy your entire movement. So here is the answer you so very much demand in many post.


    Now the facts too back up that statement are as follows:

    We never had 28 years of Conservative policies. We had 8 years of true conservative policies from 1981 to 1989. The Reagan years. The right President at the right time. The greatest President this nation has ever seen. The conditions we see today were pretty much the same as when Reagan took office. Both financially and militarily, We had a world power that was a constant threat and the start of the Islamic problems we face today. Financially we were in worse shape then we are today. Reagan used core conservative principles to get us back on the road to safety, respect and financial stability. Reagan saw America as “The shining city upon a hill”

    Then we had 4 years of Bush I whom was a Rockerfeller Republican. No way could he ever be called a conservative. After which we had the debacle of the 8 Clinton years. The most dishonest administration in our long, glorious history. 6 of those same years we had a republican House and Senate. By no means was this a conservative House or Senate. No Conservative would have allowed the out of control spending seen during this time. Finally we had 8 years of BushII. He too would never be called a Conservative. He was a centrist at best. He too saw government and spending grow during his tenure. Not at all conservative principles.

    True Conservative principles are as follows:
    A strong Military
    Small Government
    Low Taxes
    No deficit spending
    Strict Constitutional adherence
    personal Freedom

    We now have the Troika, yep commie talk just for you, of Obama, Reid and Pelosi. These 3 comrades are akin to the Troika of Stalin, Lenin and Trotsky. They don’t see a shining city upon a hill. They see a chance to redistribute wealth, social engineer and cradle to grave dependency on a Central Govt. They fail to remember that the failed socialist policies of FDR and LBJ were a huge drag on the very people they were supposed to help. The socilaist experiment failed but you want us to forget. The housing projects, welfare system, SSI and Medicare are huge failures. All they did was allow entire genertaions to become dependent on the govt. It formented the incareceration of more Americans that any other people in the world. The large cities have begun to demolish the failed housing projects, get people off welfare and stop the failed social engineering policies of the socialist movement. Todays liberal seeks to make America like Europe. Please answer a question for me.

    Name one European/Socialist/Communist nation that has had better success than the USA???

    Fortunately for us you cannot name one. In fact you acnt even attempt to answer this question because it would place your entire cause on the scrap heap of history. As you said in your post.
    Now go away and haunt your like on http://www.ilovecommies.com

  4. Utopian Says:

    We will take all your ill-gotten gains and give it to the people.

    You will continue to work to support us in the lifestyle that you were used to STEALING.

    We will rape, burn, pillage and riot if you take your ill-gotten gains away from us.

    You will be Socialist, but you will be on the giving end of that business.

    You will speak OUR language, but, only when spoken to.

    And, more importantly, you will smile all the while as you do it.

    We want you to keep working; work yourself into your early graves, but make sure your kids continue your goodwill to be sure we never have to work, again.

    This is your lot in life-you made your bed, now sleep in it.

    Power to the people. We have been delivered from your chains that have bound us for two centuries. Thank you…..Dogs.

  5. wander-rant Says:

    Here is the interesting “Fairness” dilemma for you Socialists:

    Imagine you get your wealth redistribution. Just to be fair.

    Now, imagine that you also get redistribution of all gifts, abilities and talents-“from all that have to all that need”. This is your philosophy – now, live with it.

    Right after we’re all done redistributing wealth, we will redistribute all the other God-given gifts/talents that make us each unique individuals. Ability to acquire wealth (honestly and legally) is a gift and/or talent. Following are a few more examples of gifts/talents being redistributed:

    All exceptional athletic abilities (aka gifts/talents) until now enjoyed by only those endowed athletes will be redistributed so it is shared with the bookgeeks, couchpotatoes and the crack/potheads so they too can partake of the talented athletes spoils, fairly.

    Then, we will redistribute all the superior singing and dancing talent to among the tone-deaf, left-footed nubs in our society so as to share these gifts with those less fortunate, fairly.

    Then, we will redistribute all our revered writing, poetry and artistry talent from our great masters to our… talentless, fairly.

    Finally, we will redistribute the brains from the smarties to the duds, so that we will share their gifts/talents, fairly.

    Here is your new world:
    No more Michael Jordan, Tiger Woods, Willie Mays or Larry Bird
    No more Frank Sinatra, Beyonce, Tina Turner or Louie Armstrong
    No more Maya Angelou, Shakespeare, Michaelangelo or Herman Melville
    No more technological, medical, cultural, literary, astronomical or any scientific advances attributable to our brightest thinkers.

    What’s the fate of your brave new Socialist “world”? Complete and total domination by the rest of the world, if we’re lucky, or more likely, simply disapperaing into “nothingness” along with the dinosaurs, as advanced civilizations pick through our bones to piece together our past glorious history and attempt to find out what happened to us.

    To be quite Fair, No thanks.


    ALLAHU AKHBAR!! Thers is no other God nut Allah. Praise be to Allah. Stupid amerikans do not get it. You fear the socialism. do not fear for Allah will be protector, inshallah. The great Prophet Muhammed made plan for total world bow to Allah. Plan is mearly complete. The seeds of Islam have been planted in amerika and near time for harvest inshallah. The great lion of Islam is seated in power and will Islam to take root. Sharia will be law of land. No more crime, homosexual, whore amerikan women. Sharia demand that women be covered in burka. Amerikan women will bow down to Allah and serve the man and house. Brave mujahadeen deserve fruits of the fight to have all bow down to the only true God Allahu Akhbar. Inshallah this will all come to pass very soon. but if does not we have the will to continue fight for Islam. For the promise of Islam is to great to not fight. To fight and die for Allah is the glory of Islam. Amerika your time is near the end. Allahu Akhbar!!

  7. CountDown Says:

    Yo, AIG- the freedom genie is out of the bottle…take your burka and shove it up your inshallah.

    The only thing that will serve the Islamic man in his house, is his goat.

    I think you should definitely die for Allah, please kill yourself.

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