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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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President Obama has concentrated enormous power on a few aides in the West Wing of the White House. These aides are unrolling a rapid string of plans: to create 3 million jobs, to redesign the health care system, to save the auto industry, to revive the housing industry, to reinvent the energy sector, to revitalize the banks, to reform the schools - and to do it all while cutting the deficits in half.
If ever this kind of domestic revolution were possible, this is the time and these are the people to do it. Yet they set off my Burkean alarm bells.
I fear that in trying to do everything at once, they will do nothing well. I fear that we have a group of people who haven't even learned to use their new phone system trying to redesign half the U.S. economy.
I fear they are going to try to undertake the biggest administrative challenge in American history while refusing to hire the people who can help the most: agency veterans who are registered lobbyists.
I worry that we're operating far beyond our economic knowledge.
Read it all.
Filed under: * Economics, Politics Economy The 2009 Obama Administration Bank Bailout Plan The 2009 Obama Administration Housing Amelioration Plan The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The Fiscal Stimulus Package of 2009 The Possibility of a Bailout for the U.S. Auto Industry The September 2008 Proposed Henry Paulson 700 Billion Bailout Package The U.S. Government The National Deficit Treasury Secretary Timothy Geithner Politics in General Office of the President President Barack Obama
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