Doug Ross @ Journal has it.
Politics, Chicago-style, have long been enviously admired by Washington DC’s wimpy, milquetoast practitioners.
Not much longer.
Thanks to Hyscience “Entering Obama time” (linked below)
David Frum’s piece at The Week speaks to a thought that passes through my mind, and lingers long enough for me to feel it on my chest like a dead weight, every morning when I wake up. That at this moment of maximum susceptibility to corruption, the United States has entrusted itself to its first president trained in the Chicago school of politics (and along with him his friends and theirs) made famous by Mayor Richard Daley and his progeny.
… We are moving toward a closer entanglement of business, finance and government than anything the United States has known since the end of World War II. In another political system, the interpenetration of power and money would spark justified fears of authoritarianism. The vice of the American political system is not authoritarianism. It is corruption.
… Perhaps the greatest misconception about Barack Obama is that he is some sort of anti-establishment revolutionary. Rather, every stage of his political career has been marked by an eagerness to accommodate himself to existing institutions.
More on America’s grave mistake and what Obama’s election more likely than not will bring us in the times ahead – with the U.S. government owning a big chunk of the nation’s financial system – and soon the automakers, too – here…
As Frum observes in his piece, it may no longer be just Chicago that isn’t ready for reform. From Atlantic to Pacific, the whole country may soon be running on ‘”Daley time.”
Chicago’s finest are flocking into DC by the ship-load; taking on powerful positions in the Obama administration, to teach extreme Chicago corruption skills to the DC lackeys. The Obama administration will certainly live up to its campaign rhetoric of “changing Washington,” if no other promise.
Undoubtedly, some of the Chicago team will populate federal prison cells soon. As they like it. Surviving in prison is a key talent of Chicago politicians. Back home, about half of them wind up in prison; or it would seem. They are definitely qualified to change Washington.
Chairman Obama recently ordained that his team, and he, is clear of any complicity in Chicago’s Blagojevich abomination, according to the Los Angeles Times, here.
American Journalists, with a very few notable exceptions (Parsons & McCormick), breathed a collective sigh of relief.
Unfortunately for Obama, Obama is operating from his home ground of Chicago! (The Journalists said it; no kidding).
H/T: Obama’s First Miracle Riehl World View
Keynesian spending fails every time it is tried in the real world. Hoover’s Keynesian economics failed; Roosevelt’s Keynesian economics failed; Bush’s (the younger) Keynesian economics failed.
Keynesian economics amounts to wholesale misallocation of national resources.
Obamanomics combines the worst features of Keynesian economics with the worst features of communist “economics.”
Upon the economic calamity caused by affordable, nothing-down, no-income check mortgages, Obama will heap the massive insult of disastrous Keynesian economics, all the while spreading the wealth around.
Obama’s “change you can believe in” is the formula for human, American, disaster; as he’s already shown by suing Citigroup in 1995 to write more loans to borrowers who couldn’t pay on overvalued collateral.
Here is a realistic assessment of the “Keynesian” portion of Obamanomics.
What a surprise to find out that the place that needs the most change, and the place that needs change the most by far, is the place Obama is coming from.
What happened to changing Illinois, Chairman Obama? Or maybe you did change it. Either way, the results are not satisfactory (understatement of the year).
Story about believing in imaginary change in Illinois here
December 13, 2008
How about some change we can believe in for Illinois?
When the charter of government is to spread wealth around, economies resemble the socialist success in Africa. Governments do not design cars well; nor do they allocate cash where it will do any good. That is the way of governments, be they in the Soviet Union, which brought you the ever popular Lada, in Africa, overrun by mosquitos and cholera, or in the United States, where government officials sell Senate appointments. Governments have exquisite difficulty handling cash, which too easily winds up in plastic freezer-bags. Not only does government-directed wealth spreading discourage efficient and innovative production of goods and services, it encourages a high degree of dependency in a broad swath of citizens and visitors. The largest beneficiary of government wealth-spreading is predictably, government.
So, Chairman O, who gets the job of deciding where the wealth goes? We know who spread around the Annenberg wealth in Chicago, to no reported positive effect, but obviously massive ill effect. It was you, Chairman O. It must have felt good; but what improvement in education was achieved? None was reported. Through the wisdom and judgment of an Obama lawsuit, the wealth of Citigroup and other mortgage financiers was spread around driving up the price of grossly overvalued collateral in your fabulous town. The final impact of Clinton’s and Obama’s feverish, frenzied prosecution of the Community Reinvestment Act caused massive – perhaps most of it in the world – wealth – to disappear recently. Whether it had been spread around or not. But we conclude, Chariman O, that you are the grand master of spreading wealth around. And you proclaim it openly.
Like in Africa, the children will pay the highest price, Chairman O, for your wealth-spreading proclivities.
Photo above, H/T Moonbattery Zimbabwe Blazes the Trail Into Socialism