Wednesday, August 26, 2009

A somewhat satirical look at Barack Obama's promised transformation of America

President Barack Obama disclosed Wednesday that the transformation of America he promised on the eve of his election has been transformed by the wicked refusal of voters to support his transformational proposals.

Senior citizens balked at the implicit idea that they might have to saunter off into the twilight to reduce the drain on health care services. The notion that government bureaucrats or agents would be empowered to select who is worthy of such services scared the hell out of everybody else.

The upshot: the Senate, which ordinarily loves legislation that strikes at basic American values, threatens to bottle up the health care overhaul at least until year's end.

Word is that the administration is reworking the health care bill to limit the end of life provisions to red states and congressional districts represented by Republicans and blue dog Democrats.

The Chinese also have jumped aboard the anti-Obama train. In response to efforts by global warming careerists to promote a cap and trade tax on oil and coal emissions, the Chinese government laughed uproariously and asked, "You kiddin me?"

What this means is that, if Obama again calls on the Senate to enact the cap and trade bill approved by the House, that answer is almost certain to be, "You kiddin me?"

Enactment by Congress of cap and trade would hand China a huge advantage in international trade, where the Cinese already are prospering because of their low-price advantage over American companies. It also would be equivalent to hanging a sign around the neck of every senator who votes for cap and trade - a sign that says, "Kick me, I'm stupid."

That's something many voters undoubtedly would line up to do.

China already is dumping dollars, undoubtedly heeding tha advice of western-trained economists whom it employs, economists who are telling the government that the dollar is becoming a more and more risky investment as the U.S. stumbles toward insolvency.

Meanwhile, the Office of Management and Budget has raised its estimate of cumulative deficits over the next 10 years to $9 trillion.

Given the growing apprehension that the Obama team is economically ignorant and the U.S. has run off the tracks, who is going to finance those deficits? At what interest rates?

"The transformation of America starts in five days," Obama said during the runup to the election.

Who knew the magnitude and direction of that transformation?

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