Thursday, February 11, 2010

Steyn on Obama's Incentivizing of Bureaucracy

Now that I've provided a lame excuse for being behind, here's a very funny yet scary Steyn piece which you probably already read reflecting on Obama's SOTU. Excerpt:

In the past 60 years, the size of America's state and local workforce has increased five times faster than the general population. But the president says it's still not enough: We have to incentivize even further the diversion of our human capital into the government machine.

Like most lifelong politicians, Barack Obama has never created, manufactured or marketed any product other than himself. So, quite reasonably, he sees government dependency as the natural order of things.

And in his college-loan plan he's explicitly telling you: If you start a business, invent something, provide a service, you're a schmuck and a loser. In the America he's building, you'll be working 24/7 till you drop dead to fund an ever-swollen bureaucracy that takes six weeks off a year and retires at 53 on a pension you could never dream of. Obama's proposals are bold only insofar as few men would offer such a transparent guarantee of disaster: It's the audacity of hopelessness.

This is borne out by all the anecdotes I'm hearing. A friend who is a controller for a medical devices firm was helping me paint trim at the new house. He said "We have a complete hiring freeze on. We have no idea what is going to happen with the health care bill which will effect our sales strategy and outlook and our benefits package. Obama doesn't have any understanding of economics. All my siblings who voted for him are having regrets now." Another friend I have in management said about the same thing, except he has had to take a 5% pay cut. The uncertainty is keeping everything stagnant.


Well, there is one certainty: tax rates will go up at some point.

2 comments:

  1. Oh, boy do I miss GWB. Even with all his flaws, he had a far better understanding of how the world works than Obama. Obama has no practical experience in anything having to do with economics or entrepreneurship. He is clueless about the military in general. His answer to every problem is yet another government program.

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  2. I miss W too.

    If you really want a thought experiment, compare Cheney to Biden. With Cheney in office, we knew grownups were in charge. With Biden in office, we get only childishness.

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