Mitch McConnell wanted you to know he was livid on Thursday. The Senate was about to Greece the wheels for adding yet another trillion and change to President Obama’s yet-again tapped-out credit card. “More spending, more debt,” brayed the minority leader. “That’s what we’ve gotten from this administration.” Well, no, Senator, that’s what we’ve gotten from you.

Yes, I know, Obama is the one driving us off the cliff. But as McConnell and his fellow Republicans are well aware, he couldn’t have filled his tank without them — and they are the guys who got us halfway up the summit before handing the president the car keys. No one is falling for this week’s debt-increase “disapproval” charade, the stage for which was set by last summer’s sleight-of-hand, when Republicans agreed to borrow another $2.4 trillion. As if to prove that Obama has not cornered the market on cynicism, the GOP apparently feels the need to insult your intelligence while it helps our latter-day Robin Hood take from the unborn to give to the insatiable.

For the record, it was Republicans who nearly doubled the national debt during the Bush years — increasing it by almost $5 trillion. Some context: It had taken the nation over 200 years to accumulate roughly the same amount of debt rung up from 2001 through 2008 — a time during most of which, besides holding the White House, Republicans held the Senate (with McConnell in the leadership, first as whip and later as leader) and the House (with now-speaker John Boehner in the leadership, first as a committee chairman, then as leader).

Of course, for the Left, enough is never enough. So when Obama took over, he made the GOP look positively stingy — running up more debt in half the time, with perennial trillion-dollar deficits projected as far as the eye can see. With debt rising about $4 billion per day and each citizen’s share nearing $50,000, frightened voters opted to give Republicans a second chance, electing them in historic numbers in the 2010 midterms. This was not because they suddenly loved Republicans. They didn’t — and don’t. It was because the GOP was the only available alternative. And it was because leaders such as McConnell and Boehner, affecting a chastened pose, promised that if given the opportunity, they’d slam on the brakes.

Last summer, they had their big chance: Debt hit $14.3 trillion, the statutory ceiling — “ceiling” being Washingtonese for the point at which the money we’ve borrowed to pay the interest on prior loans for ever-expanding government spending no longer covers the tab because of the added interest on the new loans, necessitating more loans, resulting in more interest, triggering more — well, you get the idea. Now in control of the House and with near parity in the Senate, Republicans were in a position to stop the madness: to decline to authorize more borrowing and thus force spending cuts.

Instead, they did what they always do: They caved. They shriveled in the heat of Obamedia scaremongering about a purportedly imminent sovereign-debt default that would shred the full faith and credit of the United States. It was bogus. As McConnell and Boehner knew, the debt ceiling was scraped only because the total government spending they annually authorize now outstrips revenues by well over a trillion dollars. There was no credible threat of default because revenues remain vastly higher than what it costs to service the government’s bonds. The real threat — the threat too terrible to contemplate — was that our elected representatives might be forced to make hard, accountable decisions about what spending would need to be cut in order to live within their $14.3 trillion limit (i.e., a ceiling about three times as high as what Leviathan cost us in the mid-Nineties, when President Clinton pronounced the era of Big Government over).

So rather than confess that they had no stomach for the fight, McConnell and Boehner settled on two coats of camouflage. The first involved orchestrating the farce we’ve just witnessed: Republicans contrived a byzantine process that enabled them to raise the debt ceiling but dole the new trillions out in installments. As the installments came due, Republicans would pretend to vote against them . . . and hope you didn’t notice that we were talking about installments only because Congress had already voted in favor of the whole debt enchilada.

The second coat is just as disingenuous as the first. With an assist from compliant conservative pundits — who somehow always find a way to rationalize runaway Republican spending for a new entitlement here, a financial-sector bailout there, and a global sharia-democracy enterprise for good measure — GOP congressional leaders treated us to the dolorous refrain that they “control one-half of one-third of the government,” so what could you really expect them to do?

Does that pass your laugh test? Does the Supreme Court’s bloc of reliably progressive jurists ever come to the Left and say, “Gee, we’d love to help you out — maybe create constitutional rights to abortion, to protect murderers against the death penalty, to invent special rights for homosexuals, to curb free speech in election campaigns, to invite terrorist war prisoners to challenge their detention in civilian courts, all those things on your wish list. But as luck has it, we control only one-half of one-third of the government. It just wouldn’t be right to use our power that way”?

I don’t recall our commentariat’s complaining that President Bush controlled only one-third of the government when he decided — against deep congressional and public opposition — to order the surge. I seem to remember the argument being that without the surge, al-Qaeda would achieve a catastrophic triumph in Iraq, and that when the stakes for the nation are that high, elected leaders are obligated to use the power the Constitution gives them to advance the national interest — even if doing so is unpopular, brings down the wrath of the left-wing press, and risks an electoral rout.

The bunkum about controlling only a minority slice of the government is embarrassing. Divided government is not rule by a majority of government officials. Our Constitution’s separation of powers makes different components of government supreme in different areas. The judiciary gets to resolve legal controversies regardless of what the other two branches think. President Obama is convinced he needn’t even consult Congress, much less get authorization, before starting a war in Libya or sending troops to fight in Uganda. Either party in the Senate can reject a perfectly qualified judicial or cabinet nominee even though it is only one-half of one-third of the government.

The same Constitution that gives the judiciary, the commander-in-chief, and the Senate these powers directs that the House of Representatives — the body closest and most responsive to the public — is supreme when it comes to raising revenue. It prescribes, moreover, that money cannot be borrowed on the credit of the United States unless Congress authorizes it. President Obama can demagogue all he likes, but he can’t borrow a dime.

This has nothing to with holding a minority share of the pie; it has to do with holding the share that has primary power over the subject at hand. When it comes to the subjects of borrowing and spending the United States into oblivion, primary power belongs to the Republican-controlled House and to the Senate whose parliamentary procedures ensure that nothing can happen unless 40 Republicans give their assent.

Unbelievably, the United States now has a banana-republic-esque debt-to-GDP ratio of over 100 percent — we’ve borrowed more money than our gigantic economy produces annually. Obama has led us to the edge of the abyss, but Republicans had the wherewithal to stop him. The public’s desperation to stop him was its sole basis for electing them. Republicans know that, yet they couldn’t bring themselves to do the job — and they put a lot more energy into making believe than making the fight.

The debt is America’s existential crisis. For a dozen years, Republicans have been more its cause than its solution. In 2010, they were given a new lease on life based on their assurances that they had changed. But nothing has changed. So remind me what we need them for?

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You would think that with one of the weakest economic recoveries on record, President Obama would be desperately searching for ways to promote economic growth. It is, after all, an election year. Most pundit and pollsters agree that it’s the economy stupid.

But instead, Obama used his State of the Union speech to rail on about fairness, inequality, and redistribution. The Obama strategy is simple: Tax the rich because they don’t pay enough.

The problem is, they do pay enough. According to the Tax Foundation, Americans making $1 million or more pay a 25 percent average tax rate. People in the $50,000 to $100,000 income category — call it the middle class — pay 7 to 8 percent.

But no, Obama’s one big idea in his Tuesday-night speech was a 30 percent minimum tax on millionaires. This, by the way, is really a hike in the capital-gains tax. And this Obama penalty is aimed squarely at his likely election opponent, Mitt Romney. Talk about taxing success. Talk about taxing growth.

The capital-gains tax is the single most important economy-wide tax on wealth, risk-taking, and investment. It’s a tax on seed corn. What a brilliant idea, Mr. President.

I remember the late Jack Kemp always saying you can’t have successful capitalism without capital. But that wasn’t in the president’s State of the Union.

It’s not as though the economy is prepared to a take another tax hit. The fourth-quarter GDP report adjusted for inflation came in at a mediocre 2.8 percent. Wall Street promptly sold off on the news.

And we’re now ten quarters into the tepid Obama recovery, with its average quarterly growth rate of 2.4 percent annually.

Deep recessions are supposed to breed strong snap-back recoveries. But it’s not happening — even after an $800 billion government-spending package, a $2 trillion Federal Reserve balance-sheet expansion, a zero Fed interest rate (for three years and counting), and a whole bunch of temporary targeted tax cuts.

It’s the whole Keynesian bag of tricks, but it’s still a very subpar recovery.

Way back when, Ronald Reagan used the supply-side model, and rejected big-government Keynesianism. He permanently lowered marginal tax rates, deregulated the economy, went to a strong King Dollar that collapsed oil and gold prices, and limited domestic spending (as a share of GDP). After ten quarters of recovery, the Reagan growth rate was 6 percent.

Compare that to Obama’s 2.4 percent. Or compare Obama’s 2.4 percent to the 4.6 percent post-WWII average recovery rate after ten quarters. The average is twice as good as Obama. But Obama is only roughly a third of Reagan. That tells you something.

On top of all this, under current-law Obama policy, the vitally important capital-gains tax is going up, even without the millionaire’s minimum. Next year, the capital-gains tax will revert to 20 percent from today’s 15 percent. Then Obamacare will raise investment tax rates by 4 percent, bringing us up to 24 percent. That equals an 11 percent rollback of wealth and growth incentives.

But that’s not all, since the capital-gains tax is paid on top of the 35 percent corporate tax. So under Obama, a 24 percent cap-gains tax is really a 51 percent tax rate on capital.

As Mitt Romney found out, even today’s 15 percent cap-gains tax is really a 45 percent double tax on top of the corporate levy. But there’s a better way here: Slash the corporate tax rate, and leave the cap-gains rate alone until full-fledged tax reform can take place.

In other words, increase incentives to grow and invest. Make it pay more after tax to invest and take risks. That’s a growth prescription, the exact opposite of Obama’s redistributionism.

Why is it fair or equal to create a lower tide that pulls down all boats?

I interviewed Mitt Romney on CNBC this week, and it’s clear that he gets this. And as he aggressively argued in the Jacksonville, Fla., debate, he is proud of his success and doesn’t want to give it back to the tax man.

More important, Team Romney is cooking up a stronger tax-reform plan. Romney intends to broaden the base by getting rid of deductions, exemptions, and loopholes, and then bring down the rates. I asked him if the plan would be ready during the primary season. He said yes.

There is a growing consensus around the country for full-fledged reform of the personal and corporate tax codes. People yearn for simplicity, competitiveness, and new incentives. Obama’s great mistake in the State of the Union was his low-ball vision of class warfare and redistribution when the country wants growth measures.

This November we’ll see a great debate between a big-government entitlement society that emphasizes fairness and a smaller-government growth society based on free-market capitalism. Pro-growth tax reform is essential to this debate.

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Back in November, I spotlighted Obama’s half-billion-dollar crony drug deal involving a no-bid contract with politically-connected SIGA.

Refresher course here.

In November, Democrat Sen. Claire McCaskill — chair of the Senate Subcommittee on Contracting and Oversight and up for re-election in less than a year — asked HHS to review the contract.

Last week, the NYPost reported that SIGA execs dumped stock when they learned the contract would be far less than they anticipated last spring.

Today, GOP Rep. Renee Ellmers of North Carolina asked the HHS Inspector General to investigate:

“Yesterday afternoon I submitted my second letter to the Inspector General at the Department of Health and Human Services regarding apparent gross impropriety on behalf of the Obama Administration.”

“The more I investigate this deal, the more shocked I become at the potential corruption and insider influence taking place at the highest levels of our government. I cannot help but see the similarities between this case and the Solyndra scandal, since both involve rewarding companies tied to Obama donors, billions in taxpayer dollars, and insider dealing.”

“The decisions made by HHS have caused a legitimate small business in North Carolina to be denied a level playing field to provide smallpox treatments in the event of a national emergency. I will be very interested to see how the Administration explains their actions in awarding a billion-dollar corporation such a substantial contract when it falsely claimed to be a small business.”

Federal law requires that a certain amount of grants for this research and production be set aside for small businesses. In turn, small businesses will compete for these contracts and “grant awards” while convincing the government that their products will provide the most effective treatment and protections, at the lowest cost to the American taxpayer.

The two companies at the center of this – SIGA and Chimerix – competed for this award and submitted their own proposals for drugs to combat smallpox. SIGA’s small business status was challenged and the SBA ruled twice that they were “Other Than Small,” and therefore ineligible for a small business set-aside contract. But rather than acknowledging SBA’s decision, HHS pulled the small business set-aside and reissued the contract as a sole-source, non-compete to SIGA Corp. for $2.8 billion.

MacAndrews & Forbes Holdings, Inc. is a corporation wholly owned by Ronald Perelman, and TransTech Pharma, Inc. (a privately-held drug discovery company controlled by MacAndrews & Forbes). In November 2003, Perelman announced he would invest $10 million through MacAndrews and Forbes into SIGA Technologies – at the time a tiny biotech company that was developing oral drugs to prevent and treat diseases, including smallpox and anthrax.

Scandals? What scandals?

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President Obama went to Arizona Wednesday afternoon, and according to Governor Jan Brewer who met him on the airport tarmac, the Book-Critic-in-Chief took her to task for something she recently published:

He stepped off Air Force One at 3:28 pm and was greeted by Gov. Jan Brewer. She handed him a handwritten letter in an envelope and they spoke intensely for a few minutes. At one point, she pointed her finger at him.

Afterwards, (I) spoke with the governor.

“He was a little disturbed about my book, Scorpions for Breakfast,” Brewer said. “I said to him that I have all the respect in the world for the office of the president. The book is what the book is. I asked him if he read the book. He said he read the excerpt. So.”
…
It was clear from the moment they greeted one another that this would not be a run-of-the-mill encounter between the president and a local official. At one point, she was pointing her finger at him and at another, they were talking at the same time, seemingly over each other.

He appeared to walk away from her while they were still talking, and she confirmed that by saying she didn’t finish her sentence.

When Brewer spoke with your pooler, the AP and an NBC producer for several minutes afterwards, she appeared a bit flustered and taken aback by the conversation. Asked if she was, that’s when Brewer said, “I’ll regroup.”

Louisiana Gov. Bobby Jindal had a similar run-in during the BP Gulf oil spill.

Obama is expected to even both scores in his next book, “Sweat the Petty Stuff.”

Here’s video from a local news story:

 

Feel free to provide your own caption:

Over at Hot Air, Allapundit has audio of a radio interview with Jan Brewer describing what happened: “He was somewhat thin skinned and a little tense, to say the least.”

Jay Carney will probably be given the opportunity to distort what happened at tomorrow’s White House presser, so we’ll have to wait to get the Obama administration’s version of events.

Meanwhile, the fate of Arizona’s immigration law simmers in the Supreme Court.

Update: What better publicity for your book than by the President of the United States drawing attention to it?

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Had enough of fat cat Barack Obama, his jet-setting wife and his multi-millionaire Chicago consigliere/real-estate mogul Valerie Jarrett attacking the “rich”? Well, brace yourselves. You’ll be hearing much more from the White House about the “wealthy few” who aren’t paying their “fair share” as Obama’s re-election campaign doubles down on class-war demagoguery.

As usual, there’s always a set of immunity charms for the privileged friends and family of the ruling class. When it comes to all the Green Robber Barons who’ve reaped an obscenely unfair share of billions of tax dollars from the Obama administration, the envy trumpeteers will be quieter than a nest of mute church mice.

Obama’s State of the Union address defiantly pitched a new round of clean energy spending orgies to help the “middle class.” But how have the serial bankruptcies and near-bankruptcies of several federally subsidized solar companies — all under Obama’s watch — helped anyone but an upper-crust elite of eco-crats and their lobbyists and consultants?

Bankrupt Solyndra, billionaire George Kaiser. In the wake of the half-billion-dollar Solyndra stimulus bust, company officials revealed plans to hand out hefty bonuses totaling $500,000. Months before the politically connected solar energy manufacturer went belly up, it was doling out bonus payments of between $40,000 and $60,000 to several executives. Last week, a local CBS News crew caught employees at the Silicon Valley headquarters trashing solar panel glass tubes worth an estimated $10 million.

The now-abandoned Taj Mahal complex cost ordinary Americans more than $733 million. But billionaire Democratic donor and frequent White House guest George Kaiser, whose nonprofit foundation was Solyndra’s biggest investor, is still sitting pretty. He and the other private investors of Solyndra will recoup their losses ahead of taxpayers. And while they blast their GOP opponents, double-standard Democrats will remain AWOL on the glaring tax-avoidance strategies of the wealthy Kaiser Family Foundation.

Bankrupt Beacon Power, fat Democratic coffers. This green energy storage plant filed for bankruptcy last fall after a $43 million injection of Obama Department of Energy loan guarantees. Federal election record filings show that CEO William Capp contributed to the 2008 Obama campaign, as well as several left-wing New England Democratic candidates. Beacon Power lobbyist Steve Wolfe was a former aide to the late Sen. Ted Kennedy. Beacon sought bankruptcy shelter two days after the White House responded to fiscal watchdogs’ demands for a review of the DOE’s shoddy loan monitoring programs.

Bankrupt SpectraWatt, red-faced Goldman Sachs. A solar cell company based in New York, SpectraWatt went belly up last August despite a half-million-dollar federal stimulus boost and lucrative backing from politically connected Goldman Sachs — whose ties reach deep into the Obama Treasury Department, Commodity Futures Trading Commission, White House National Economic Council and 1600 Pennsylvania Ave. itself. The eco-failure was dumped in a fire sale for less than $5 million.

Teetering Nevada Geothermal, cheerleading Harry Reid. Despite $150 million in federal DOE and Treasury Department subsidies — not to mention personal lobbying by Senate Majority Leader Harry Reid — this alternative energy project is on the brink of failure. A Deloitte and Touche audit grimly concludes that the company “has incurred net losses over the past several years, has an accumulated deficit of $44.0 million and an anticipated inability to retire its long-term liabilities.” According to CBS News, the company’s latest SEC filings warn of multiple defaults.

My scouring of White House visitor logs shows nine visits from another Green Robber Baron, Illinois-based Exelon’s CEO John Rowe, who met with the president and former chief of staff Rahm Emanuel multiple times. As Forbes magazine reported: The clean energy company “has very deep ties to the Obama Administration. Frank M. Clark, who runs ComEd, helped advise Obama before he ran for president and is one of Obama’s largest fundraisers. Obama’s chief political strategist, David Axelrod, worked as a consultant to Exelon. Obama’s chief of staff, Rahm Emanuel, helped create Exelon” — where he raked in more than $16 million over two years.

Remember: “Fairness” is in the eye of the wealth redistributors.

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**Written by Doug Powers

The Republicans don’t trust the White House’s review of the Energy Department’s “green” loan program to get to the bottom of the Solyndra debacle? Hard to believe.

USA Today:

A House Energy and Commerce subcommittee investigating the collapse of Solyndra voted today to authorize the panel to subpoena the White House to produce internal correspondence on its dealings with the bankrupt solar panel manufacturer.

The committee issued a broad call for all internal documents–including correspondence, memorandums and drafts–and authorizes the panel’s chairman to issue to subpoenas to White House Chief of Staff Bill Daley and Bruce Reed, Vice President Biden’s chief of staff.

“This is not a fishing expedition,” said Cliff Stearns, the chairman of the Energy’s oversight subcommittee. “We want answers and so do the American taxpayers. It’s unfortunate that it has come to this, but we do not have faith in the White House overtures” to produce relevant documents.

The White House has handed over 85,000 documents on the Department of Energy loan guarantee program since the committee launched its investigation.

Days before the collapse, an investment banking firm that had already made a million dollars analyzing options for Solyndra advised the White House to bail the company out, presumably so they could continue making money analyzing options for Solyndra. But the full bailout option was rejected. By then it was too late because they’d already auctioned off the whistling robots.

Then there’s this: Solyndra’s former CEO received nearly a half million dollars in severance. What was your cut?

**Written by Doug Powers

Twitter @ThePowersThatBe

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Hoover Dam has become something of a liberal icon these days. President Obama points to it as an example of the sort of federally funded projects that once “unleashed all the potential in this country” — potential that his next round of stimulus will unleash again. MSNBC commentator Rachel Maddow has pointed to the 726-foot-high, 660-foot-wide dam as proof that some projects are just too big for private enterprise. “You can’t be the guy that built this,” she tells the TV screen. Only government can, is the implication.

Well, that would come as a surprise to the guy who did build it – or, rather, the guys who did, with their private companies. In the five-year process they discovered, even back then, that the biggest obstacle they faced in Black Canyon wasn’t nature or the Great Depression, but New Deal Washington.

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**Written by Doug Powers

President Obama has said “pass this jobs bill” dozens if not hundreds of times over the past several weeks, and still Congress hasn’t passed the bill. Now a frustrated Obama has decided to kick it up a gear by invoking a higher authority:

He also sought to shame the Republican-controlled House by accusing its leaders of wasting time during a jobs crisis with debates over commemorative baseball coins and reaffirming “In God We Trust” as the country’s motto. The House has refused to consider Obama’s jobs bill.

“That’s not putting people back to work,” Obama said. “I trust in God, but God wants to see us help ourselves by putting people back to work. There’s work to be done. There are workers ready to do it. The American people are behind this.”

God wants to see us help ourselves? Is this the same President who just warned of a painful era of self-reliance if he’s not re-elected?

Until action is taken on the jobs bill, apparently God also wants to see a slew of executive orders signed in order to work around Congress.

Update: Just got this Tweet speculating that Obama was merely speaking in the 3rd person.

Update II: WH Press Secretary Jay Carney tried to back up Obama on this and ended up serving himself a helping of fail.

**Written by Doug Powers

Twitter @ThePowersThatBe

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**Written by Doug Powers

Joe Biden has said the administration owns the economy now, but the President Obama has been a little slower to come on board… until now.

From Real Clear Politics:

WCCO-TV correspondent: “When I finally did have a chance to talk to President Obama one-on-one, I asked him at what point does the economy become his fault and not his predecessor’s?”

President Barack Obama: “It’s always my responsibility. I’m less interested in allocating blame then just making sure that we’re taking every step we need to, to move the economy forward. And, you know, traditionally after big financial crises like this the economy takes a longer time to heal and we’ve seen some progress. In the private sector, we’ve seen over two million jobs created and this year alone, over a million jobs created. But, it’s just not enough yet to have an impact on everybody who needs help out there.”

Does this mean no more blaming Bush?

Or Europe & earthquakes?

Or ATMs?

We’ll see if the blame game lightens up or intensifies heading into 2012. My money’s on the latter. The self-imposed three-year deadline for economic recovery is looming and the believability of Bush-blame is fading away over time, so the pressure’s on when it comes to finding something or someone new and original to blame.

In the same interview, President Obama was asked the question that voters will be asking themselves one year from now: “Are we better off now than we were $4 trillion… er, I mean 4 years… ago?”

“Well, you know, I think we are better off now than we would have been if I hadn’t taken all the steps that we took,” a hesitant Obama said. “I don’t think the country is stronger yet then it was when the economy was still booming and we didn’t have Wall Street crisis, and we didn’t have the housing bubble burst. But, we’ve made steady progress, we just need to make more.”

By way of Ed Morrissey at Hot Air, John Boehner was asked if the US is better off now than when Obama took office. Boehner’s reaction:

**Written by Doug Powers

Twitter @ThePowersThatBe

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At the Heritage Foundation last week, House Budget Committee
Chairman Paul Ryan demonstrated why he doesn’t need to be running
for President to be framing the debate for 2012. He delivered there
on October 26 a breathtakingly beautiful speech on Saving the
American Idea, which defines the Spirit of 2012.

He began, “The mission of the Heritage Foundation is to
promote the principles of free enterprise, limited government,
individual freedom, traditional American values, and a strong
national defense. These are the principles that define the American
idea. And this mission has never been timelier, because these
principles are very much under threat from policies here in
Washington.”

Ryan, a disciple of and former staffer for the late Jack
Kemp, then explained, “What makes America exceptional — what gives
life to the American Idea — is our dedication to the self-evident
truth that we are all created equal, giving us equal rights to
life, liberty, and the pursuit of happiness. And that means
opportunity.”

Since the early 1700s, America has been the land of
opportunity, offering world leading prosperity, stemming from world
leading freedom. And millions and millions of the dispossessed, the
homeless tempest tossed, and their progeny now totaling hundreds of
millions altogether, have voted for that American Dream with their
feet, crossing oceans, deserts, rivers, and mountain ranges to get
here. As I discuss in my recent book, America’s Ticking
Bankruptcy Bomb:

Which leaves the question, why did they come? And why do they
still come?…. Well, it’s not for the Food Stamps, or the public
housing, or even Social Security and Medicare. America’s world
leading prosperity dates all the way back to the early
18th century. The roots of that prosperity can be seen in the
Declaration of Independence, which recognizes the God-given right
of each man and woman to the pursuit of happiness. That is why
they came. They came because America has always been the land of
freedom and prosperity and opportunity. They came because of the
American Dream, that in this nation every man and woman enjoys the
freedom and opportunity to rise to achieve their dreams, regardless
of family background, class, race, or religion.

Ryan frames the question now facing us in 2012: “Have
those periods of unprecedented prosperity in America’s past been
the product of our Founding principles? Or, as some would argue,
have we made it this far only in spite of our outdated values? Are
we still an exceptional nation? Should we even seek to be unique?
Or should we become more like the rest of the world — more
bureaucratic, less hopeful, and less free?”

Or as I write in my book regarding America’s heritage of
world leading prosperity:

Is that over now? Is America just another nation now, like
Greece, as President Obama has suggested? In fact, just like
Greece? Is the American Dream done? Is that what is meant by the
“New Normal”? Or is that just a phrase to provide political cover
for the realities of a new socialism, where everyone as Churchill
explained shares equally in the curses of misery, rather than
unequally in the blessings of capitalism?

Ryan then discussed at Heritage how Obama is answering these
questions for 2012:

To my great disappointment, it appears that the politics of
division are making a big comeback. Many Americans share my
disappointment — especially those who were filled with great hope
a few years ago, when then Senator Obama announced his
candidacy….Do you remember what he said? He said that what’s
stopped us from meeting our greatest challenges is, “the failure of
leadership, the smallness of our politics — the ease with which we
are distracted by the petty and the trivial, our chronic avoidance
of tough decisions, our preference for scoring cheap political
points instead of rolling up our sleeves and building a working
consensus to tackle big problems.

Imagine if Obama had been true to his political rhetoric
from 2008. Suppose he had been true to his promise that his
economic program would involve a “net spending cut,” several
trillion dollars of wasted unnecessary spending ago. Suppose he had
truly been a non-partisan President working with both parties to
enact a truly effective economic recovery program, like Reagan,
lifting up the poorest of Americans with booming economic
prosperity. Suppose like Ryan, Obama had adopted the inclusive,
pro-growth, prosperity vision of Jack Kemp.

Contrary to the abusive rhetoric of left-wing-extremist
know nothings in media and entertainment, some of them literally
clowns, Obama would be so universally beloved that we would be
clearing space for him on Mt. Rushmore right now. Instead Obama
played us with rhetoric promising prosperity and recovery, when all
along he planned to deliver dependency on his political machine
instead.

Ryan explained his disappointment with Obama in
devastating detail:

Nearly three years into his presidency, look at where we
are now:

Petty and trivial? Just last week, the President told a
crowd in North Carolina that Republicans are in favor of quote
‘dirtier air, dirtier water, and less people with health
insurance.’ Can you think of a pettier way to describe sincere
disagreements between the two parties on regulation and health
care?

Chronic avoidance of tough decisions? The President still
has not put forward a credible plan to tackle the threat of
ever-rising spending and debt, and it’s been over 900 days since
his party passed a budget in the Senate.

A preference for scoring cheap political points instead of
consensus-building? This is the same President who is currently
campaigning against a do-nothing Congress, when in fact, the House
of Representatives has passed over a dozen bills to help get the
economy moving and deal with the debt, only to see the President’s
party kill those bills in the do-nothing Senate.

Note that you never saw President Reagan attacking his opponents
this way. He engineered a truly revolutionary rollback of decades
of runaway liberalism on a bipartisan basis with the House of
Representatives controlled by liberal Democrat majorities for his
entire Presidency.

Obama is so divorced from the reality of America and his
own policies, that he calls essential relief from the regulatory
tsunami he has unleashed on America being for “dirtier air, dirtier
water, and fewer Americans with health insurance.” Do you see yet
why booming economic recovery is now two years overdue, and nowhere
in sight?

The President, indeed, is now denouncing what he calls
“the Republican Congress.” Maybe it is true his Democrat base is so
out of the loop they don’t know that the Democrats have continued
to control the U.S. Senate for going on six years now. But the
President is going to be sorely schooled on Election Day to find
that the great majority of the American people are, in fact, not
that stupid, and cannot be so easily misled by rhetoric that is so
dishonest that it can only be described as dishonorable.

Ryan noted that the House already not only proposed but
passed a 2012 budget this year that would have put the budget on a
path to balance and the economy on the path to prosperity. “But
instead of working together where we agree, the President has opted
for divisive rhetoric and the broken politics of the past. He is
going from town to town, impugning the motives of Republicans,
setting up straw men and scapegoats, and engaging in intellectually
lazy arguments, as he tries to build support for punitive tax hikes
on job creators.”

Exhibit A: between Republicans and moderate Democrats,
there are strong majorities in both houses of Congress for
individual and corporate tax reform exactly as proposed in Ryan’s
House budget. That involves a top 25 percent income tax rate for
families earning over $100,000 a year, with a 10 percent rate below
that, and generous personal exemptions of $10,000 per family
member. And it involves an internationally competitive corporate
tax rate of 25 percent, closer to the rates in Communist China, the
European Union and our neighbor to the north, Canada. These
policies would provide the tax framework for booming economic
growth.

But Obama has done nothing to work on that, even though
his own Simpson-Bowles Commission proposed quite similar reforms.
That Commission was another sham for Obama to pose as a deficit and
spending cutter, when his intentions all along have been just the
opposite. That was yet another example of what I have called
Obama’s calculated deception, taking advantage of what he is sure a
majority at least doesn’t know and won’t find out.

Instead, “The tax increases proposed by Senate Democrats
and endorsed by the President — when combined with the new taxes
in the health care law, and the President’s other tax preferences
– would push the top federal tax rate to roughly 50 percent in
just 14 months, while doing nothing to promote job creation. This
tax increase on so-called millionaires and billionaires would
actually constitute a huge tax hike on the nation’s most successful
small businesses.”

Ryan finally cuts to the heart of the President’s economic
fallacies in saying:

The President has talked a lot about math lately. He’s been
saying that, ‘If we’re not willing to ask those who’ve done
extraordinarily well to help America close the deficit…the math
says…we’ve got to put the entire burden on the middle class and the
poor.’ This is really a stunning assertion from the President. When
you look at the actual math, you quickly realize that the way out
of this mess is to combine economic growth with reasonable spending
restraint. Yet neither of these things factors into the President’s
zero-sum logic.

Ryan here is actually counterproductively polite. In 2007,
before Obama was even elected President, after nearly 40 years of
Reagan Republican tax policy, the top 1 percent of income earners
paid more in federal income taxes than the bottom 95 percent of
income earners combined. The bottom 40 percent of income
earners as a group on net paid exactly zero percent of federal
income taxes. Yet President Obama is running around the country
telling us that Republicans want to put the entire tax burden on
the middle class and the poor.

This rhetoric is far worse than just wrong, or in error.
It is dishonorable calculated deception. It is so divorced from
reality that no other conclusion can be drawn.

Paul Ryan didn’t say the following, but I will. What
understanding Ryan’s speech reveals is that while Barack Obama was
born in Hawaii half a century ago, he is not culturally an
American. Raised during his formative years in the Indonesian
public schools, where he learned to appreciate the beauty of the
Islamic call to prayer, he was kept isolated from mainstream
America the rest of his life. That is why he doesn’t understand the
meaning and beauty of traditional American prosperity, and has no
clue as to how to restore it.

Worse, his model for political machine domination of
America is based not on restoring prosperity, but on fostering
dependency on government. That is why he is not and never has been
on track to restoring booming economic growth, which on the
historical record of America is now long, long overdue. Rush
Limbaugh has been right all along.

Worse still, traditional American prosperity is actually
morally embarrassing to Obama. These are the reasons why it is not
coming back until he and his co-conspirators are removed from
power.

That alienation you feel is because America is under
foreign occupation right now, by the hopelessly outdated
intellectual forces of Marxism rooted in the Eastern Europe of over
100 years ago. America doesn’t need to be transformed. America
needs to be restored. This is a Paul Revere moment, and every one
of you needs to be deputized to bring the word to everyone you
know, so that 2012 may be the year of the Rebirth of
America.

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