Advertisement
YOU ARE HERE: LAT HomeCollectionsOpinion

Pork -- it's for everyone, including Obama

The president's 'solutions' to the economic crisis amount to spending as much as possible for as long as possible.

June 30, 2009|JONAH GOLDBERG

And what are we doing in response? For starters, the Democrat-controlled House passed carbon cap-and-trade legislation that, as it stands, essentially adds an onerous and inefficient energy tax on everyone, outsources jobs to carbon-profligate India and China and raises tariffs in an attempt to stem the inevitable bleeding of jobs and manufacturing (the last time we raised tariffs in the midst of a bad recession, we got the Depression). Rather than invest in new oil and gas jobs (among the highest-paying of any industry), Speaker Nancy Pelosi insists that one-time gigs weatherizing Granny's attic and replacing light bulbs are preferable.


Advertisement

Worse, even if you think climate change is a huge threat, the bill's own supporters admit its impact on global warming will be trivial to nonexistent. But, we're told, we must lead by example.

Then there's healthcare "reform," aspects of which the administration insists will save money. But according to the CBO, the whole thing will cost $1 trillion to $1.6 trillion. The savings will allegedly come from government-imposed efficiency -- which approaches "jumbo shrimp" as an oxymoron. It's funny how nobody has been talking up Medicare as a source of huge savings, and yet that's the model: Medicare for everyone.

Now, in fairness, the Obama administration did tackle the crisis more directly. It passed a $787-billion stimulus bill that hasn't prevented unemployment from soaring (in January, when the stimulus was on the table, the administration estimated it would mean joblessness would peak at just above 8%; it's now 9.4% and rising). Maybe that's because the vast bulk of the stimulus wasn't meant to kick in until 2010 and beyond -- after the administration's predicted robust economic growth began. Or maybe it's because much of it was intended to pay for a pent-up wish list of Democratic projects.

Now Obama is publicly mulling the possibility of a "second stimulus" that would in fact be the third stimulus (let's not forget President Bush's $168-billion "booster shot for our economy") paid for with money we don't have or with tax hikes we don't need. But hey, anything's worth it to savor the pig for as long as possible.

Los Angeles Times Articles
|