Wednesday, February 4, 2009

My Final Post on Obama

I am dispirited by the media's accelerating failure to do what it has heretofore always considered its primary responsibility: to provide tough, fair-minded investigation of the issues of the day.


"The media's liberal bias has crossed an important line-moving from their usual unthinking liberal bias to crass partisanship of the crudest kind, practically acting as spin doctors for Barack Obama."  

I teach my career coaching clients to assess the probability of an effort being worth the time. In light of the ever accelerating tidal wave of media-driven ObamaMania, I've decided to move on to topics where my efforts are more likely to make a difference.

So here, I'll just offer my summative thought regarding Obama's policies: Those policies, at their core, are united by one principle: that resources should be redistributed from the haves to the have-nots. In practice, that means redistributing from the pool of people and businesses with the greatest potential for using the resources wisely and for creating positive societal ripple effect to those people and businesses with the least. That formula ensures America's failure. 

That's especially true when Obama's spending will be so massive. On top of the Republican-initiated $700 billion TARP bank bailout which heretofore has been a disaster, Obama wants to spend an incomprehensibly large $1 TRILLION dollars in this spending spree. And experts agree that more TRILLIONS will be spent in Obama's next round or two of spending sprees. And these are trillions the government simply doesn't have and can't get with the proposed tax increases. So, the result will be yet more taxes, including on the middle class, an attempt to borrow huge sums of money from what may be an unwilling world of lenders, and/or print lots of money, which will create painful inflation.

Alas, I believe Obama will able to get his policies enacted to a greater extent than any president in history thanks to his perfect storm of communication skills, a liberal Congress, and an unprecedentedly unquestioning media.

So I predict that Obama's policies will yes, short-term, create jobs and do other public-pleasing things but by the time he's completed his eight years in office, he will have done more to destroy this country than all our enemies combined. 

Of course, the public will not think that: The media has overstated the economy's problems to give Obama nowhere to go but up (for example, today's 7.6% unemployment rate is near the historical average,) will hyperinflate his accomplishments, and blame America's troubles on remnants of conservatism and libertarianism.

That all said, I'd love to be wrong and for Obama to succeed--His intentions are most noble.

10 comments:

Anonymous said...

We live in interesting and frightening times, I believe.

Even though a significant portion of voters voted against Obama, I feel like I'm alone in not trusting him. Many of his supporters say we need to give him a chance. He went full speed out of the starting gate; he's already made his mark as far as I'm concerned.

This indicates just how strong the media really is. If they can do this, they really can make anything they want happen. They can reshape this country into something quite unrecognizable. There's only one thing that could stop it: the public's trust.

In my opinion, the only reason the media is as strong as it is is because the public trusts it so deeply, despite a lot of polls saying otherwise. If we go away, then they go away. (Case in point: dwindling newspaper readership.)

What will it take for us to recognize what's happening here? Is it a case of not knowing what we've got until it's gone, until Obama and his supporters have taken everything?

I've enjoyed your blog from the beginning, Mr. Nemko, and I look forward to reading your non-Obama related posts. I'm sure it'll be an interesting read.

Anonymous said...

47.1 percent of the country did not vote for Obama. A majority of Americans do not want the stimulus bill passed.

We need responsibile nationally-heard voices to continue speaking out on these issues. You are one of those voices. Please do not neglect your responsibilities to our nation to make your voice heard!

Marty Nemko said...

Thank you, Anonymous. Unfortunately, my blog is read by 3,000 people a week--not trivial but not significant in terms of affecting policy or national public opinion. I had hoped that my posts would have generated some interest from the major media--quoting me or interviewing me. That has not happened.

So, for now at least, I'm going to post on topics on which I feel more likely to make a difference.

Dave said...

You could try Youtube. It worked for this man -- http://en.wikipedia.org/wiki/ATLAH

http://www.youtube.com/watch?v=GSsiJtQrqFQ

http://www.youtube.com/watch?v=tJc6uczdhE0

http://www.youtube.com/watch?v=zl9l2FAC_8w

Anonymous said...

Marty,

I enjoy reading your posts and read them regularly. However, I must respectfully disagree with you on one major point. In this post, you state:

"Those policies, at their core, are united by one principle: that resources should be redistributed from the haves to the have-nots. In practice, that means redistributing from the pool of people and businesses with the greatest potential for using the resources wisely and for creating positive societal ripple effect to those people and businesses with the least. That formula ensures America's failure."

I will go so far as to agree with you that significant resources SHOULD in fact be focused on high-potential people and businesses. However, we can't stop there.

People are not starting off on a level playing field. The vast majority of the "haves" in this country have been born into a life of privilege - the parents/friends, networks, schooling, skills, etc - that has helped them get to where they can continue to accumulate wealth and knowledge. And even if not privilege, they often have SOME of the benefits that I mention above. So many of the "have nots" live lives of perpetual poverty and/or can actually not dig themselves out enough to catch a break. As We are, in large part, a product of our environments.

So, I hope you will agree that Obama's policies, in addition to "being noble", are humane and based in the reality that not all Americans (or anyone for that matter) were born into similar circumstances.

Thanks for the interesting posts!
Catherine

Marty Nemko said...

I suppose. But remember that Manning was even left of Obama. No matter how far left you go, you can't get into too much trouble. But dare you offer right-of-center views, you're censored and censured by the Left. That censorship/censuring from the Left is far more pervasive than the Left's reviled McCarthyism from the Right.

Marty Nemko said...

Catherine,

His policies are intended to be humane but it is my belief that, ultimately, redistributing resources to the less fortunate ultimately is less beneficial to them (and certainly to the overall well-being of society) than not doing so. The explanation of that requires far more space than I can devote here but, for what it's worth, I deeply believe that.

Dave said...

I'm sorry the blog didn't live up to your expectations. I just got kicked out of a PhD program. Five years went straight into the toilet. I let a lot of good people down and I feel terrible about it. So, if it makes you feel any better.....

Marty Nemko said...

Dave,

I'm sorry to hear about that. Any lessons to be learned from that?

Dave said...

I learned plenty, but it's a lot to fit into the comment box. I don't want to blog on your blog. I will send them to you in an e-mail tomorrow. I'm still thinking and reflecting on things at the moment.

Thank you for caring.

Dave

 

blogger templates | Make Money Online