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April 24, 2013
Jewish World Review
August 29, 2008
/ 28 Menachem-Av 5768
Economy of words
The U.S. economy yes, that economy grew at a 3.3 percent annual rate last quarter. This no doubt caused consternation at the highest levels of the Democratic Party, perhaps forcing some to consider a new convention film at the last minute: "Dude, Where's My Recession?"
To hear the Democrats at their convention this week, you would get the sense that a recession is merely a technical term for the worst human misery ever visited upon a once-great people. You'd think Americans were listening to the Democratic speeches as they huddled around their kitchen tables if they hadn't already been used for firewood deciding which of their children to pack off to the orphanage and how much tree bark they can afford to eat next week.
I am writing this before Barack Obama's Mile High melodrama, though I doubt he will be correcting the record so far. From Monday to Wednesday, the Democrats have said over and over that the "American dream" is being snuffed out, crushed, beaten, stabbed and quite possibly dismembered in President Bush's West Wing bathtub, where Bush and Dick "The Cleaner" Cheney can dissolve the remains in sulfuric acid.
On Wednesday night, just in case some village waif somewhere hadn't already heard, Joe Biden reminded the world that he rides Amtrak home to Delaware from Washington. Apparently not since Gunga Din has there been a more heroic commute. And we've now learned that when he gazes out the window of his barreling locomotive, he can "almost hear" the conversations in the houses he sees whizzing by.
He "almost hears" things with an awful lot of specificity: "Should Mom move in with us now that Dad's gone? Fifty, sixty, seventy dollars just to fill up the gas tank? How in God's name, with winter coming, how are we gonna heat the home? Another year, no raise? Did you hear? Did you hear they may be cutting our health care at the company?" Super Joe even hears people asking him, "How are we gonna retire, Joe?"
Is there nobody between D.C. and Delaware talking about "American Idol" or their kids' school play or how they're sick of meatloaf?
Obviously, there is real economic pain out there. Food and energy costs are rising too fast and by too much. The mortgage crisis is real.
But while Americans don't like the direction the country is heading, and hate high gas prices, they're pretty satisfied with their lives. Some 94 percent of Americans polled by Harris Interactive this month said they were satisfied with the lives they lead. According to Gallup, only 9 percent of Americans are dissatisfied with their jobs and only 13 percent are dissatisfied with their job security. The unemployment rate is at a five-year high of 5.7 percent, but it wasn't long ago when that was considered close to full employment.
"Ladies and gentlemen ..." mourned Senator Biden, the "American dream feels like it's slowly slipping away. ... I've never seen a time when Washington has watched so many people get knocked down without doing anything to help them get back up."
Quick question: Was this the same Washington that oversaw the largest expansion of entitlements (a.k.a. the prescription drug benefit) since the Great Society? Was this the Washington that recently started doling out $168 billion in stimulus checks?
Biden's keen ability to hear only awful news is symptomatic of a Democratic Party that is not merely eager to return to the White House, but desperate to launch a new New Deal. The mind-set is on display in almost every speech. Hillary Clinton decried the policy of "giving windfall profits" to oil companies. Clinton seems to believe that all of the money, everywhere, is the government's, and your profits are a gift. Windfall profits are defined as too big a gift from government. Montana Gov. Brian Schweitzer, borrowing a line from Obama, complained that John McCain wants to give "$4 billion in tax breaks for big oil?"
No. McCain wants to lower the corporate tax rate to make us more competitive with our rivals. Yes, oil companies are included, but by this logic (as my colleague Ramesh Ponnuru notes), Obama's middle-class tax cut will be a tax break for hookers and serial killers.
The greatest irony is that the one area where the Democrats are right about American pain high gas prices is the one area where they are most reluctant to do anything substantial. Why? Because global warming appears to be their best shot at finding a major crisis to justify a new New Deal.
The bad news for the throngs in Denver is that Americans aren't as miserable as the Democrats need them to be.
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