Their priorities aren’t yours

Amity Shales assumes good faith, misses motives:

Unsure of whether it wanted to punish or stimulate -- and so choosing to attempt both -- the administration generated legislation to help financial institutions and legislation that hurts them by restricting rates and terms for the credit cards they issue. Obama’s call for putting more student loans in federal hands is clever politically, and may even save students money in the short term, but it likely will restrict the availability of such loans in the future.

Standard procedure:  Use legislation and regulation to create an untenable situation.  When things blow up, blame the peon who has to comply,^[1] then call for more legislation/regulation to “fix” the situation.  Nothing unexpected here.

...Obama speaks beautifully but is on his way to a “D” grade when it comes to making the U.S. attractive for international investment, a fact the Chinese are already noting by shopping for non-U.S. bonds.

Why should he care?  “Making the U.S. attractive for international any investment” is not a Democrat priority.

The Democrats of 2009 are showing less awareness than their predecessors did in President Bill Clinton’s time on the importance of no interest whatever in either low taxes and or reasonable regulation. Only these permit strong growth... which both diminish the power of the political class and work against their party’s political agenda.

FIFY.

Because the ruling Democrats have tilted too far left have chosen policies certain to produce adverse consequences for most of the country, their allies are out on a mission of distraction, trying to prove that everyone else is too far to the right demonize and discredit anyone who would bring those policies and their consequences to the public’s notice.

...and that one, too.

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Posted by: Old Grouch in In Passing at 19:48:01 GMT | No Comments | Add Comment
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