11/08/2018

Obama Loses Again

Tiana Lowe, Washington Examiner

Even after decimating Democratic state legislators while in office and setting up his own party to lose the White House to Donald Trump, the myth of a unifying Barack Obama has persisted. Sure, he remains an undeniably formidable figurehead and fundraiser. While the Democratic Party struggles to find a new leader, he and the persistently popular Michelle Obama make telegenic godparents for the party. But getting into the mud with politics as dirty as these was never the strong suit of the wily and covert brute force of Obama.

Consider, of the three competitive races that Obama re-emerged from (quasi) private life to try and whip, all three lost.

Andrew Gillum, Sen. Bill Nelson, and Stacey Abrams were all supposed to be in unbelievably tight races. In the end, they all finished behind their Republican opponents (Abrams could still just barely make a runoff, but it doesn't look good) despite Obama taking the time to rally for them.

On the one hand, this may just reflect poor selection of candidates, though that demonstrates his efficacy as a whip as well. But on the other, Obama fell into the trap of being Obama in the era of Trump.

Obama and Trump differ in their fighting style, but make no mistake: Obama, like Trump, still suffers from fatal hubris. In a campaign speech just two days before the midterm elections, for other candidates, Obama said "I" 73 times, "me" nine times, and "my" seven times.

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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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