By: John LeBoutillier

Amid all the back and forth over the Obama Budget, Rush Limbaugh, the
C-PAC meeting, the Jindal Meltdown, the GOP opposition in Congress and
the new leftward direction we as a nation are taking, no one has yet
raised another important - political, economic and historic -

What happens if, after the Obama Plan is adopted and becomes law -
which it will in large part with a few tweaks here and there - and
then by 2011 or early 2012 the economy starts to rebound?

• First of all, President Obama and his crack PR/campaign team will
take all the credit and proclaim him a transformational, historic
President - and he would most likely be re-elected;

• The Democratic Congress will also stay in the majority;

• But equally as important - massive government spending, trillion
dollar annual deficits, a new, more interventionist federal government
- will be seen as the reason the economy is recovering - even if it
was not!

• (After all, at some point the economy will bottom out and begin - on
its own - to rebound and recover. The Obama Plan may actually hinder
and delay the recovery. But we will never know the causes and effects
- if it recovers during Obama’s first term);

• Liberal economists will be vindicated!

• They and their political followers will all proclaim, “Big
Government works!”

• Historians will also proclaim Obama the Second Coming of FDR - and,
in fact, in retrospect the New Deal will again be credited with ending
the Great Depression (an interpretation that has lately come under

• The Republican Party will be consigned to the back bench for a long,
long time;

• Conservatism - or what has lately come to be called conservatism (it
hasn’t been truly conservative since the Bushes seized control of the
GOP - oh why did Ronnie Reagan ever pick G.H.W. Bush in 1980!!!??? -
will be blamed for creating the Bush Depression; we will not see a
resurgence of the conservative movement for years, maybe even decades;

• Western European- style socialism will be the model; cradle-to-grave
government programs will be the order of the day;

• And all of this because the economy shows signs of a rebound - even
if the Stimulus and Obama Budgets have nothing to do with the
recovery. After all, how does anyone really know why the economy

• In 1984, Reagan took credit for the recovery - Morning in America -
and attributed it to his massive 3-year 25% across-the-board tax cuts.
He was not only massively re-elected, but Reaganomics (supply-side tax
cuts to spur economic activity) became the accepted lifeblood of the
GOP and has remained so until today.

• But it might have been Fed Chairman Paul Volker’s inflation-
squeezing tightening that was the real reason for the 1983/1984
recovery. We will never know for sure;

All of this is what is at stake here.

And the Republican Party and conservative movement - they are not
necessarily one and the same - can do nothing politically to affect
the outcome. We are on the side lines now - thanks to Bush and his
acolytes and lackeys - including some famous radio talk show hosts who
checked their objectivity at the door and became suck-ups to the Bush
White House - who drove the GOP right over the cliff.

If the basic tenet of conservative thought is correct - that massive
government makes things worse, not better - then the Obama Plan will
fail. And he will then fail politically. And then all of the above
will not matter.

But we have a long four years ahead of us.

"Published originally at EtherZone.com : republication allowed with
this notice and hyperlink intact."


Relevant Pages

  • Re: (NBC) Budget deal
    ... The reason the deficits have been so large under Obama is ... the incredibly weak economic recovery under Obama. ... The Obama Growth Discount ... Had the U.S. economy recovered from the current recession the way it ...
  • Obamnomics is working _Americans more upbeat and optimistic-
    ... just how close the American financial system and economy came to all- ... President Obama must take some comfort that the latest economic ... departing White House economist Summers - who is returning to Harvard ... promoting recovery or devote itself to more narrow and, usually, ...
  • Re: This is a serious usenet question
    ... Obama, February 2009: If this economy hasn?t rebounded in three ... You need me to read the stock market numbers to you from Feb 2009 and now? ... "The recovery is too slow?" ...
  • OOOPPPSS !! Yet another poll shows Silky circling the bowl.
    ... Via Pew Research: ... When it comes to views of the national economy, ... think a recovery has taken hold. ... You can hardly compare the polling numbers of Obama and Bush. ...
  • Re: Anybody want to defend
    ... I said that he's the *perfect* chief of staff for Obama. ... "change" he'll pursue is to implement liberalism. ... conservatism has become anti-intellectualism (with apologies to ... military-industrial complex that pretty much funded the economy and ...