Obama Speaks, People…
July 22, 2009
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Posted by Michael S. Langston
As I’m sure everyone is aware, Obama is going to speak tonight on his health care plan and the current economic crisis.
I’m not sure about the public at large, but in the span of less than a year in office, I’m starting to feel the number of prime time Presidential addresses to the country has gone overboard.
However, the strategic decision that’s being made by Obama and his staff is completely understandable.
When you have a President that is such a gifted communicator, then you want nothing more for him to be in his natural habitat. They just need to understand that in their arrogance of belief in the leader they continue to push, there will be a saturation point when he is out there too much.
Just like the Soities paradox, we don’t know which grain of sand will make a heap; we also don’t know when/if Obama will become over saturated. What history does indicate, is that if his handlers don’t become more humble about their leader, over saturation will happen.
Having said that, the really nauseating piece of this so far was aleak about the speech itself. From the UPI:
White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a “six-month report card,” to talk about “how we rescued the economy from the worst recession” and the legislative agenda moving forward, including health care and energy legislation.
The arrogance it takes to announce publicly that the TARP money positively impacted the economy is breath taking. To state they rescued the economy from the worst recession ever is simply a lie.
As written here earlier, the administration announced loudly and proudly that without acting right now and passing more stimulus, we are in deep trouble.
Using charts and graphs, they warned – without stimulus money, the unemployment rate might go as high as 10%, but with it, will stay below 8%.
Of course, with hindsight, we know the current unemployment rate is verging on 10%, specifically 9.4% today with the additional billions spent.
They warned us that allowing GM to declare bankruptcy would be disastrous. Now we are almost two full months from that exact thing happening and yet, somehow, the sky has managed to not fall.
So based on historical evidence, in just the very beginning of this presidency, every time they’ve spoken about economic issues, they’ve turned out to be wrong.
Yet, they will go ahead, full force this evening, and loudly proclaim something they can’t possibly prove. That is that the country is better off than had they not spent future generations’ money.
They can’t prove it, just as I can’t prove them wrong. Logically, neither I nor the most intelligent economist in the world can prove what might have happened under a different hypothetical situation.
However, people should be smart enough to see that those telling you they did the right thing, have been more wrong than right.
Categories: Critical Thinking, Economics, Politics
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Tags: Confirmation Bias, Critical Thinking, Economics, Health Care Reform, Housing Crisis, Obama Administration, Overconfidence, Politics
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