The Obama Concert
I share James’ view that the first part of the speech could have been delivered by any previous candidate. About the only place the speech differed is that Obama is clearly a more gifted public speaker than Kerry or even Gore. The speech is the same old stuff we’ve heard before. There are more people unemployed, income is down, more people don’t have health care than before Bush, and elect me and I’ll make the economy dance like a puppeteer makes a marionette dance. And since you are part of the economy I’ll make you dance too. Meh. No thanks.
And I’m getting so sick of hearing this magic energy pony (using James’ term). If it was the case that these technologies could generate profits right now then firms would be entering these new markets. Even if, as Dave Schuler pointed out, that firms are holding back in the expectation that the government will subsidize initial investments, this only points out the perversion of government involvement in the economy. The government has to subsidize even profitable industries?
And what is this nonsense that a firm has a responsibility to employ people. I’m sorry, but a firm exists for the purpose of generating profits. No profits, no firm and no employment. And what exactly are the “rules of the road” for a firm? To sacrifice profitability for workers welfare? Do that long enough and soon there wont be a firm to employ the workers. And what about the responsibility of people to fend for themselves, make the right decisions and not expect government to bail them out? I guess that is too much to ask. If you keep bailing people out, then you will keep having people make bad decisions. After all the downside has been reduced or even eliminated. Have too many kids, no problem we’ll increase taxes on those who didn’t. Can’t afford or decide not to have health care? No problem we’ll increase taxes on those who can?
And what is it with this “each of us has the freedom to make of our lives what we will…” baloney? If I make the right decision and don’t treat my house like an ATM machine getting home equity loan after home equity loan to fund trips and large ticket purchases. If I don’t try to get a house that is beyond my means to afford and also made sure to lock in at a good interest rate why should I be punished if some other bonehead down the street doesn’t? How come I have to stop making of my life what I will to help the fool? Yes it is nice to be compassionate and help out others, but just because I made smart decisions doesn’t mean I am in a position to help others. But here comes Barack Obama telling me I have to help these people whether I can afford to or not.
This is the same old mealy-mouthed crap we’ve gotten in the past. Do Democrats understand the problems of incentives? I’m pretty sure they do which makes all of this kind of blather rather cynical and manipulative.
Oh, and yeah 43 minutes? Get that man an editor!