Comments on: More On Obama’s Spending http://www.newclarion.com/2008/12/more-on-obamas-spending/ Our mission is to combat the unreason and selflessness that are sweeping our culture from the nihilist left to the religious right, and to sound a new ideal of capitalism and individual rights in American politics. Thu, 29 Jul 2010 22:07:26 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Myrhaf http://www.newclarion.com/2008/12/more-on-obamas-spending/#comment-40 Myrhaf Tue, 09 Dec 2008 18:50:55 +0000 http://www.newclarion.com/2008/12/more-on-obamas-spending/#comment-40 None of Obama's ideas are new. I don't think the left has had new economic ideas since FDR or perhaps the Progressive Era. Leonard Peikoff has noted that socialism is a spent ideological force. In fact, since Bush presided over an explosion of spending and regulation, including bailouts for Wall Street and now Detroit, you could say that Obama is merely continuing Bush's policies. Apparently, Peggy Noonan has made the point that if you walk around, everything still looks the same. There's a lot to say about this, as it raises questions. Is this socialism? What landmarks should we look for that show decline? I think things will be clearer in a few years. None of Obama’s ideas are new. I don’t think the left has had new economic ideas since FDR or perhaps the Progressive Era. Leonard Peikoff has noted that socialism is a spent ideological force. In fact, since Bush presided over an explosion of spending and regulation, including bailouts for Wall Street and now Detroit, you could say that Obama is merely continuing Bush’s policies.

Apparently, Peggy Noonan has made the point that if you walk around, everything still looks the same. There’s a lot to say about this, as it raises questions. Is this socialism? What landmarks should we look for that show decline?

I think things will be clearer in a few years.

]]> By: Burgess Laughlin http://www.newclarion.com/2008/12/more-on-obamas-spending/#comment-37 Burgess Laughlin Tue, 09 Dec 2008 12:58:56 +0000 http://www.newclarion.com/2008/12/more-on-obamas-spending/#comment-37 What is unclear to me, as a layman, is what is new in this situation, if anything. I see no new ethical or political principles enunciated by the Obama administration-to-be. Are even the monetary amounts new in relation to the size of the economy overall, compared to the USA in the 1930s, for example? I don't know. Also not new is inflation. It has been around a long time and at rates twice or more what it is at the moment. Is any trustworthy economist--one with a track record of successful predictions--estimating what the inflation rate will be and that it will be so much larger that it will cause chaos? In summary, the most striking feature--based on reports I have seen--is the _lack_ of anything new either in the ethics, politics, or economics of the situation. We are still sliding toward the abyss without knowing where the edge is. What is unclear to me, as a layman, is what is new in this situation, if anything. I see no new ethical or political principles enunciated by the Obama administration-to-be. Are even the monetary amounts new in relation to the size of the economy overall, compared to the USA in the 1930s, for example? I don’t know.

Also not new is inflation. It has been around a long time and at rates twice or more what it is at the moment. Is any trustworthy economist–one with a track record of successful predictions–estimating what the inflation rate will be and that it will be so much larger that it will cause chaos?

In summary, the most striking feature–based on reports I have seen–is the _lack_ of anything new either in the ethics, politics, or economics of the situation. We are still sliding toward the abyss without knowing where the edge is.

]]>