Apocalyptic Progressivism

Victor Davis Hanson, National Review

Instead of overcoming challenges, progressive politicians exploit them to expand government.

Shortly after the 2008 election, President Obama’s soon-to-be chief of staff, Rahm Emanuel, infamously declared, “You never let a serious crisis go to waste.”

He elaborated: “What I mean by that [is] it’s an opportunity to do things you think you could not do before.”

Disasters, such as the September 2008 financial crisis, were thus seen as opportunities. Out of the chaos, a shell-shocked public might at last be ready to accept more state regulation of the economy and far greater deficit spending. Indeed, the national debt doubled in the eight years following the 2008 crisis.

During the 2008 campaign, gas prices at one point averaged over $4 a gallon. Then-candidate Obama reacted by pushing a green agenda — as if the cash-strapped but skeptical public could be pushed into alternative-energy agendas.

Obama mocked then-Republican vice-presidential candidate Sarah Palin’s prescient advice to “drill, baby, drill” — as if Palin’s endorsement of new technologies such as fracking and horizontal drilling could never ensure consumers plentiful fuel.

Instead, in September 2008, Steven Chu, who would go on to become Obama’s secretary of energy, told the Wall Street Journal that “somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”

In other words, if gas prices were to reach $9 or $10 a gallon, angry Americans would at last be forced to seek alternatives to their gas-powered cars, such as taking the bus or using even higher-priced alternative fuels.

When up for reelection in 2012, President Obama doubled down on his belief that gas was destined to get costlier: “And you know we can’t just drill our way to lower gas prices.”

Yet even as Obama spoke, U.S. frackers were upping the supply and reducing the cost of gas — despite efforts by the Obama administration to deny new oil-drilling permits on federal lands.

Read full article

You May Also Like:

On Social Media, What's Genius For Obama Is Scandal When It Comes To Trump [Watch] Ben Shapiro, The Hill

The Problem Is Facebook, Not Cambridge Analytica Leonid Bershidsky, Bloomberg

The Sad Hysteria Of The Southern Poverty Law Center Shikha Dalmia, The Week

‘Armed School Resource Officer’ Took Down Maryland High School Shooter Christian Datoc, Daily Caller

What Went Wrong At The FBI Thomas J. Baker, The Wall Street Journal

Nafta Is A Critical Part Of The U.S.’s Economic Future Dan K. Eberhart, Investor’s Business Daily

Hillary Should Just Admit She Hates Half Of America Katherine Timpf, National Review

Democrats’ Obstructionism Is Unprecedented John Hinderaker, PowerLine Blog

Collapse Of Credibility In Mainstream Press Puts Burden On Readers Ira Stoll, New York Sun

At $21 TRILLION, The National Debt Is Growing 36% Faster Than The US Economy Simon Black, Sovereign Man

Two Million Get Off Food Stamps During Trump's First Year Tom Knighton, PJ Media

RNC Raises $12.8 Million In February, Breaks Another Fundraising Record Jack Heretik, Washington Free Beacon

What Could Go Wrong With Obama-era Appointees Putting All Our National Security Eggs In Amazon's Basket? Jared Whitley, Weekly Standard

Alert: Dems Just Got 5 Congressional Seats Courtesy Of The SCOTUS Kevin Daley, Conservative Tribune

The Truth About Medicaid Work Requirements Angela Rachidi, American Enterprise Institute

Millennials Aren’t Saving Because They Think Capitalism Will Be Finished By The Time They Reach 65 Matt Vespa, Townhall

Homeschooling: The Best Hope For America's Future Lloyd Marcus, American Thinker

For More go to the Home Page >>>

Join Our Email List



FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference


In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).


-- Daniel J. Mitchell,

Shadow Stats Snapshot

FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.14%
    FreeMarket Central Shadow Stats: 21.8%
  • Inflation:
    FreeMarket Central February Year-to-Year: 1.8% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]