04/21/2017

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:

Here’s To Another Year Of American Hilarity George Will, National Review

'Black Friday' Entertainingly Mocks A Confused Federal Reserve John Tamny, RealClearMarkets

ObamaCare’s Death Payments The Wall Street Journal

Michael Flynn Made A Move That Indicates He May Soon Cooperate With The Mueller Probe David Choi, Business Insider

Trumps Spend Thanksgiving Serving Meals To Active Duty Armed Forces Benny Johnson, Daily Caller

Why, Exactly, Are Democrats Opposed To Trump's Tax Reform Bill? Weekly Standard

Fusion GPS Paid Journalists, Court Papers Confirm Todd Shepherd, Washington Examiner

How Free Trade Helps Americans Have Higher Incomes And More Jobs Patrick Tyrrell, Daily Signal

Seattle's Income Tax On 'The Rich' Has Collateral Damage: The Poor Brian T. Hodges, American Thinker

Is Health Care A Human Right? Trevor Burrus, Foundation for Economic Education

I Got Fired For Calling Out Liberal Hypocrisy On Clinton Accusers Larry Elder, RealClearPolitics

NFL Ratings Slide Is Getting Worse, With No End In Sight Warner Todd Huston, Breitbart

Sarah Silverman: I ‘Fell In Love’ With Trump Voters While Traveling Across Country Andrew Mark Miller, American News

The Administrative State Under Siege Francis Menton, Manhattan Contrarian

How Grocery Stores Got Good Steven Horwitz, Reason

For More go to the Home Page >>>

Search

Bookshelf

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

When America Was Truly The Land Of Opportunity

For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it. 

-- Milton Friedman,

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: 4.1%
    FreeMarket Central Shadow Stats: 21.6%
  • Inflation:
    FreeMarket Central October Year-to-Year: 2.23% (CPI-U*)
    FreeMarket Central Shadow Stats: 10.0%

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