Success, Redefined!!

Senator Reid declared, on the floor of the Senate that “the rich are getting richer and the poor are getting poorer.” It was a clear admission that the economic policies, plans and promises from the Left have failed, or have they? Must we alter what the definition of what success is? Is this the fundamental transformation the President had in mind?

Available options to motivate and enhance economic growth have been ignored; allowing repatriation of oversees profits which could provide a 2-3 trillion dollar ‘stimulus’ is not on the agenda. Instead, all manner of entitlements have been aggressively promoted by the administration. The EPA has waged a war on the coal industry and will likely do so over fracking. The Keystone pipeline could produce 40,000 jobs, no joy! Government land available for energy exploration has shrunk. No commitment to nuclear power. No serious action on debt and deficits; resulting in 2013 GDP growth of less than 1% (.007), the lowest growth rate since the 1930’s. Small business lending has dried up, community banks are in jeopardy of regulatory cavaet and each new forecast tells us that original ObamaCare cost estimates were chimera and will become a major economic drag. ‘Real’ unemployment is 16%, wages remain stagnant and workforce participation is at its lowest level in decades. Unfunded entitlements dwarf the fiscal deficit by $40 – $60 trillion dollars. Additionally, the President wants immigration reform that will provide amnesty and further depress wage rates. The idea of a 1% reduction in real spending was too draconian for the President, but the idea of regulatory Fascism that cost $112 billion in 2013 is just fine, thank you. Any reasonable estimate could factor over one million potential job losses just due to regulation. And which ‘new’ face do we bring into the White House, John Podesta who supports executive action by way of regulation and has opined that deploying the U.S. Military on home soil would be a good idea.

The President has made no major changes in his economic policy or entertained alternative views and proposals. The question is left begging; what is economic success to this President? Could it be possible that our view of failure is the President’s view of success?

The President’s answer is simple; ‘let’s have more of the same.’ The Class Warfare script is being dusted off: target the rich; ‘fairness’ which is never actually defined as well as a tug on the heart strings about ‘caring’ based on melodramatic individual stories about life under the Obama economy. More unemployment benefits, higher minimum wages and the bromide that it’s all about the Middle Class. The Middle Class are the folks working two jobs to pay these bills and suffering from all of the aforementioned missed opportunities and realities. The Middle Class is being bludgeoned by ObamaCare, energy costs, food prices and the underlying dynamics of President Obama’s economy which eschews actual economic growth.

Investments are a consistent theme of the President. We’ve ‘invested’ over 4 billion dollars in failed green energy companies; we could have paid for four years of college for 50,000 students with that money! It is all about choices and the President’s choices are telling.

If perception truly is reality 79% of us believe we’re still in a recession. Economists tell us the recession was technically over years ago, most Americans simply don’t feel it and don’t believe it. This must be the fundamental transformation the President had in mind. This must be his plan to devolve an America that he clearly thought was too big for its britches; too successful, too rich, too powerful.

This is what success must look like to the President based not only on what he does but even more importantly what he does not do.

  • Success, for this administration, is growing income inequality. It provides the mechanism to push a progressive agenda on those who might otherwise oppose such transformation of our meritocracy.

    Why do we need “emergency unemployment benefits” this far into The One’s term? Failure.

    Growing dependence is success. More people on food stamps is a success. More subsidizing low-income health care is success. The more and more people depend on the government (taxpayers) to support their lifestyle in some way, shape or form, is success.

    If you’re getting along without a government subsidy in some form, then you screwed other people somehow and need money confiscated from you to give back to the people you stole it from. That is Obama’s idea of success.

  • Bob

    Yesterday the 8th of January marked the 50th Anniversary of President Johnson making his “War on Poverty” speech to Congress.

    As the article below describes we haven’t made any headway. A record 46.5 million Americans still are counted as poor. A share of those currently living in poverty is 15% and rising vs 19% and falling in 1964 is close to when President Johnson made his speech.Add to this 47 million Americans are now on food stamps which is a record high and 50% increase from when President Obama was inaugurated.

    http://news.investors.com/ibd-editorials/010814-685709-johnsons-war-on-poverty-has-been-lost.htm

    Lets see this as it really is any increase in taxes wouldn’t go to the needy but would only go to Washington and add to the bureaucracy of perpetuating this dependence state.Re-distribution of wealth isn’t driven by altruism but by greed and envy on everyone on the receiving end.

    • Bob, you can’t go arguing against social welfare programs with facts and basic math, that’s not allowed. You can only judge them by good intentions of the bleeding heart politicians who passed them.

  • Bob

    Below is a plan put forward by Senator Mario Rubio (Fla.-R) in regard to fighting poverty. Now my purpose here isn’t to support his plan because I am hardly as well versed in economics as some people on this site.The purpose is to let the public know that republicans are advancing ideas and plans contrary to what the Progressive left says.

    http://www.aei-ideas.org/2014/01/what-rubios-big-anti-poverty-plan-gets-right/

    • Bob

      Upon reading more on the contents of Senator Rubio’s plan I not only DO NOT SUPPORT IT but think it ill conceived and simply an extension of his attempt to further his Compassionate Conservative agenda which he originated with his immigration proposal.

      • Yeah, it’s more big government “solutions” which will destroy our country. Too many people have the “this time it’ll be different” mentality about government programs.