The End of America

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Terence Corcoran in the Financial Post:

But America is at risk in other ways, especially in the technical business of setting and executing policy. The presidency of Barack Obama has set out on a course that has no precedent in U.S. history. Franklin D. Roosevelt, whose New Deal transformed the U.S. economy during the Great Depression, pushed America off on a sharply different political and ideological course. The Obama administration is different in many ways, not least in its supreme self-confidence in its methods and objectives.

Reform of health care, environmental policy, education, energy, banking, regulation — every nook and cranny of the U.S. economy has been put on alert for major change. Expansion of government spending, plunging the U.S. into unprecedented deficits, is without parallel. In economic policy, through regulation and control of energy output, financial services and monetary expansion, the U.S. government has embarked on a fundamental reshaping of America. It is designed, in short, to bring on the end of America.

Corcoran notes that America is close “to the end of its life as a global leader, as a champion of markets and individualism.” As Bill Anderson said, “The political classes are deliberately blocking an economic recovery.” While some people may argue that the Obama administration and the Fed actually believe they are doing “the right things” (what a naive view), I argue otherwise, and have all along: all of this is all completely intentional and for the purpose of drastically remaking a new socialist-totalitarian America run by the Fed, Wall Street, and the executive branch, and Obama long ago bought into this vision.

8:37 am on March 22, 2009