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I won’t quote the entire column (Dick & Eileen don’t care for that); just the best part;
Then he spoke unconvincingly about his bank-rescue plan. Promising to punish and regulate bankers even as he stressed the need to restore their confidence, he reminded me of the facetious sign posted in a friend’s workplace: “The beatings will continue until morale improves.”
How he plans to restore the nerve and confidence of our bankers as he castigates them is unclear. But, then, so is his program for financial rescue. One suspects that he knows full well that he will nationalize the banks. But even that step assumes that politicians can do what bankers can’t: Act quickly, ruthlessly and honestly – never a notable attribute of elected officials.
Can Obama get banks to lend even as he terrorizes them? Can he get the engines of our economy back to work even as he announces that he’ll be taking away more of their earnings? Can he persuade the American people to accept bureaucrats deciding their health-care choices? And can his economic stimulus survive a huge increase in the payroll tax on the most productive citizens?
Probably not; Obama likely won’t succeed. This speech will be viewed as his high-water mark – the time before we came to realize how flawed is his understanding of economics and how supreme is his commitment to expanded spending. It will be seen as a sort of age of innocence before we realized what he had in mind.
Can’t disagree with a thing he said. The big question is how badly will he tank the economy before we realize collectively what an inexperienced, unaccomplished idiot he is?