Is Obama a Manchurian President? Laugh away, but this doesn’t come to us from some right wing blog.
March 9 (Bloomberg):
Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidate” to destroy the U.S. economy once elected. What policies might that leader pursue?
He might discourage private capital from entering the financial sector by instructing his Treasury secretary to repeatedly promise a brilliant rescue plan, but never actually have one. Private firms, spooked by the thought of what government might do, would shy away from transactions altogether. If the secretary were smooth and played rope-a-dope long enough, the whole financial sector would be gone before voters could demand action.
Another diabolical idea would be to significantly increase taxes on whatever firms are still standing. That would require subterfuge, since increasing tax rates would be too obvious. Our Manchurian Candidate would have plenty of sophisticated ideas on changing the rules to get more revenue without increasing rates, such as auctioning off “permits.”
These steps would create near-term distress. If our Manchurian Candidate leader really wanted to knock the country down for good, he would have to provide insurance against any long-run recovery.
There are two steps to accomplish that.
First, one way the economy might finally take off is for some entrepreneur to invent an amazing new product that launches something on the scale of the dot-com boom. If you want to destroy an economy, you have to persuade those innovators not even to try.
Second, you need to initiate entitlement programs that are difficult to change once enacted. These programs should transfer assets away from productive areas of the economy as efficiently as possible. Ideally, the government will have no choice but to increase taxes sharply in the future to pay for new entitlements.
A leader who pulled off all that might be able to finish off the country.
Read on as the author illustrates how everything listed above is being put into into Obama’s economic policy.
This is why Obama MUST FAIL.
Hat tip: Moonbattery
Cramer was right to call Obama a Leninist. Check out these Lenin quotes Neo-Neocon dug up:
The best way to destroy the capitalist system is to debauch the currency.
The goal of socialism is communism.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
There are no morals in politics; there is only expedience.
No amount of political freedom will satisfy the hungry masses.
See her site for the rest.
Thanks to The Anchoress – American Leningrad for that.
Byron York: The founding fathers would want Obama to fail, too.
Gateway Pundit: The Obama Disaster – a good synopsis of Obama’s Presidency thus far.