I spent the majority of my day driving, either from one town to the next or from store to store. During my initial hour long commute to Consumerville, aka St. Joseph, Missouri, I heard Rush Limbaugh’s first hour, detailing how the media had fawned over the intellect of North Korean leader Kim Jong Il.
Listen to this media montage.
MEADE: Smart and ruthless.
WILLIAMS: Diplomats who dealt with him describe Kim as shrewd and calculating.
SCARBOROUGH: In a demented sort of way, brilliant.
HAAS: Tactically brilliant.
RADCHENKO: A very cunning person and very smart person.
MITCHELL: Was profoundly important around the world. I actually met him when I traveled there with Madeleine Albright.
Profoundly important around the world.
Sounds like someone else I have heard of.
Here’s how someone the modern liberal media considers brilliant handled the economy:
During the early 1970s, North Korea’s economy stagnated, with GDP per capita flatlining until Kim Il Sung’s death. Then, in 1994, after Kim Jong Il took over, the economy started shrinking noticeably, per capita incomes fell, and the country became dependent on emergency U.N. food aid to stave off famines that had already killed as many as 3 million people. North Korea became, as Eberstadt puts it, “the world’s first and only industrialized economy to lose the capacity to feed itself.”
Behold the wonders of centrally planned economies!
It’s reasonable to assume that Mr. Obama will face re-election with the highest unemployment rate of any post-war president. If the current rate of hiring continues, under Mr. Obama’s stewardship the nation will have actually lost jobs, a stunning achievement in its own way. Indeed, Obama is now on track to have the worst jobs record of any president in the modern era. The unemployment rate will be significantly higher than when he took office. Chronic unemployment is worse than it was during the Great Depression. And during the Obama presidency the United States saw its bond rating downgraded for the first time in history.
Mr. Obama will have shattered all the records when it comes to the deficit and the debt. For example, under Obama the budget deficit and federal debt have reached their highest percentage since World War II. The same is true when it comes to federal spending as a percentage of GDP. During the post-recession period from June 2009 to June 2011, the median annual household income fell by 6.7 percent – a more substantial decline than occurred during the Great Recession. The Christian Science Monitor points out, “The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the U.S. government began recording it five decades ago.” The housing crisis is worse than the Great Depression. Home values worth one-third less than they were five years ago. The home ownership rate is the lowest since 1965. The number of people in the U.S. who are in poverty has seen a record increase on President Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty. And government dependency, defined as the percentage of persons receiving one or more federal benefit payments, is the highest in American history.
Speaking of government dependency:
But, he’s brilliant! Very smart!
How can two people with near god-like intellect both embrace the same failed economic policies and try to implement them, especially considering the mountains of evidence showing how they will only lead to economic ruination?
If these two giants of reason can’t get this political philosophy to work, can anyone?
I’m guessing not. The whole system should be shelved.