The Conservative Edge

On Friday, June 12, I heard Larry Summers defend the government’s involvement in private companies. Speaking at the Council on Foreign Relations in New York, Summers said that President Obama “did not, as he has said many times, run for president to manage banks, insurance or car companies.”

That’s understandable. If Obama had mentioned those ideas, he might not have been elected. Like Bill Clinton in 1992, Obama campaigned on fixing the economy, but, once in office, began implementing the Democrats’ real agenda.

If Obama had been completely honest, before the election, about the liberals’ real intentions, he would have told us that (among other things):

• They would impose outrageous and illogical taxes on tobacco products (supposedly to fund health insurance for children), with further tobacco regulation directed by the FDA.
• They would decimate the American auto industry, causing the additional loss of thousands more jobs. They would have the authority to fire the CEO of GM, and arrange the sale of Chrysler’s assets to a foreign car maker. They would increase the regulation of the auto industry, with the EPA to be in charge of auto emissions.
• They would permit the White House to oversee the upcoming Census, removing the Department of Commerce oversight.
• They would increase spending and our national deficit, leading to inflation and higher interest rates.
• They would refuse to expand the exploration and utilization of our energy resources, risking our national security and maintaining our dependence on foreign oil supplies.

That’s been the focus of the administration during the first few months. There doesn’t seem to be much emphasis on job creation. We were supposed to get a “quick jolt” to the economy, but I haven’t noticed it yet. Most of the new jobs the Obama administration takes credit for have come from preparation for the Census. Unemployment has spiked well beyond government estimations. And the run-up in oil prices means that the markets are anticipating increases in inflation, due to the massive amounts of new money being released by the government.

It gets worse. If the Obama administration authorizes the pending cap-and-trade legislation, we will all be spending more on energy to heat and cool our homes. That’s besides the higher gasoline prices that are sure to come, because the Democrats refuse to capitalize on American resources. The real growth we are witnessing is not in job creation, but in the size and authority of the Federal government. God help us.