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Imagine that some hypothetical enemy state spent years
preparing a “Manchurian Candidate” to destroy the U.S. economy
once elected. What policies might that leader pursue?
He might discourage private capital from entering the
financial sector by instructing his Treasury secretary to
repeatedly promise a brilliant rescue plan, but never actually
have one.
If the secretary were smooth and played rope-a-dope long enough,
the whole financial sector would be gone before voters could
demand action.
Another diabolical idea would be to significantly increase
taxes on whatever firms are still standing.
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Barack Obama is a great pretender. He constantly says he's doing things
that he isn't, and he relies on his powerful rhetoric to obscure the
difference. He has made "responsibility" a personal theme, and the
budget's cover line is "A New Era of Responsibility." He claims that
the budget begins "making the tough choices necessary to restore fiscal
discipline." It doesn't.
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