He keeps saying that if we didn't pass the bank-bailout/stimulus package, something really bad would've happened. I wonder what would happen if, out of exasperation, we hit the reset button on this country. Back to 1787ish.
Slavery. Yep. Child labor. Yep. Sixteen-hour workdays, yep. Unjust voting laws.
So let's pass four more laws, bringing the total number of Federal laws to 14: the Bill of Rights and our four pro-justice laws.
See because I suspect that nobody's telling us what really-bad-thing is happening to us because we keep choosing legislation. I suspect (but then, where would I find out?) that there are a thousand laws already in place, even before Bush left office, with regard to the insurance industry. If those laws were all gone, one thing you'd see TO.MORROW. would be insurance companies selling insurance targeted to you at about 90% cheaper than you can now get it. If there were no laws, I would start an insurance company for people who are 31-years old and who have no pre-existing conditions. I could probably sign up a hundred thousand of them eventually, and because they'd have a damn good chance of not needing my company's money that year, I could insure them for about six dollars a month.
But that's illegal right now. As are a gazillion practices like that. It's all in the name of justice. And maybe there is some ideal principle floating in the ether (hey wait, I thought all of you people were postmodern anti-Platonists?) that describes equal access to healthcare regardless of current condition or age or whatever. But I doubt it.
Same goes for housing. Right now there are dozens of extra-market indicators that destroy the ability of the average prospective homebuyer: you get $6,500 through April to buy a house if you already own a house, and $8,000 if you don't already own a house... unless they extend, expand, or raise (or lower) the incentive. Want to buy a house in May? We can't tell you yet how to budget for that. So Obama wants to give incentives to banks who increase credit. That's just textbook bubble creation. Textbook.
But if all the laws concerning houses were destroyed, you could get houses for HUD-auction prices tomorrow, if not cheaper.
Obama said he knows that business is the engine of America's economy last night--then went on to say he'd repay all of your college loans twenty years after graduation. But ten years if you get a "public service" (i.e., Government, not business) job after graduation! What ever happened to equal justice under the law? Who ain't a special interest these days?***
These are facts. This isn't even an argument. The argument only comes after acknowledging all of this. The question is, when does our fear of something-bad become less significant than our desire for anything-but-this?
If anyone has the impression that I think Obama's been unnecessarily controlling of a particular segment of the population, sorry I've been unclear. Neither is it Obama more than any other president for the past fifty years. I know that I'm not a very persuasive blogger, so persuade yourself: only ask: who has a vested interest in your remaining fearful of some nebulous economic disaster? How much do you really have to lose? Who has more to lose? This is the voice of populism speaking. What Obama's appealing to right now isn't populism; he appeals only to subjects.
***The whole concept of "special interest," which we take so for granted, is evidence of how corrupt our government has become.