It was only yesterday that I learned
that President Obama formerly had the last name Soetoro. I recall learning that
Gary Hartshorne changed his name to Hart during his Primary campaign-why wasn't
Obama's name change publicized more broadly? There is a renewal of interest in
the President's somewhat vague origins currently, yet it is the economic road
ahead that should be of equal concern.
The President's
classmates at Columbia evidently don't remember him-even those in pre-law and
political science programs attending the same year. Well, keeping a low profile
can be a virtue, yet the President hasn't released any Columbia or Harvard
transcripts or financial aid information either, and that is more relevant.
There is
speculation that Mr. Sterol-Obama took out Indonesian citizenship or applied as
some sort of foreign student in order to get preferred costs and admissions
ratings. I would like to know if he took any history or economic courses since
the only phrase he seemed to learn in that regard is deficit-financed stimulus.
If there were no
Presidential campaign this year, and the President had another four years to go
in his program to deepen U.S. debt what would that be like?
Federal Reserve
Chairman Bernanke would still be around contemplating printing up money to buy
public debt, Treasury Secretary Tim Geitner would still be offering advice that
prop up select too-large to fail banks and the President would make a speech
now and then asking to tax the 2% uber rich, golfing and awarding State of the
Union seating of honor to Warren Buffet or George Soros' secretary for paying
higher taxes than their bosses.
Meanwhile the
Congress would probably remain gridlocked with 3/4s of a trillion dollars of
interest on the national debt going out for payment to those in the middle
class and rich the President cares so much about and the next two Congresses
won't get anything done regardless of who controls Congress unless its the
Democrats so they can discover new ways to pass more homosexual and abortion
bills and provide more vital benefits to the middle class. Charging that debt
will be easier with a majority and Presidential leadership-it will only cost
another 5 to 10 trillion dollars (one cannot foresee disaster invariably).
The present course
just seems to lack much creative economic thought about how to reform things.
When the President had the chance to let the Bush tax cuts expire in December
2010 in worked energetically against that. Senator Reed and Minority Leader
Pelosi appear to lack any sort of political economy for reform and progress
either. Washington D.C. seems to be a vacuum of intellectual energy since
President Reagan left-most Americans are not aware that it was Reagan that led
to remove nuclear weapons from the world-and the U.S. Russia and China,
Pakistan etc still have plenty.
In reading an essay
of Paul Tillich's from 1925 I found that he described the historical phenomena
of a moral and cultural break from a social state of grace in relation to the
unconditional that breaks up existing functional social structures as the
demonic. I probably haven't defined Tillich's use of that word precisely, yet
its difficult to distill what is an abstract historical paradigm for analysis
into an abbreviated phrase.
What concerns me about a Democratic party with a demonic lack of
interest in traditional Democratic values-even L.B.J. sought to reform society
positively and wasn't afraid to get jiggy with honorable economic reforms, is
that a present Democratic demonic drift toward degrading equal protection of
the law for all American citizens and to seek full employment with reduction of
the public debt is for the party an acceptable direction. It may not be
intentional yet they seem not to be able to see the wood for the trees.
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