The Broke, Retreating State of Our Union
The Editors / National Review
It is terribly appropriate that President Obama gave his halting and graceless State of the Union address on Mardi Gras: He spent the evening shouting “Laissez les bons temps rouler!” at every liberal constituency in sight, promising new spending for public-sector unions (“Fix-It-First”), demanding (yet again) that banks renegotiate mortgages on politically driven terms, offering handouts to Al Gore–style enviropreneurs (reviving cap-and-trade, offering yet more subsidies to politically connected energy firms), and promising a $9-an-hour minimum wage.
In the real world, Fat Tuesday is followed by Ash Wednesday and a season of fasting and penance. For the free-spending Barack Obama, Fat Tuesday is followed by Fat Wednesday, Fat Thursday, Fat Friday, fat federal spending the whole way through. (Don’t tell the first lady.) Austerity is reserved for the taxpayer, the so-called rich on whom the president just secured tax increases before demanding, two minutes later, yet more tax increases. That includes new taxes on Medicare recipients (“ask more from the wealthiest seniors”).
Exhibiting the new liberal vogue for jingoism, the president blamed our economic straits on China three times in the first part of the speech, turned up his nose at imported cars, and abominated the always-popular scourge of “foreign oil.” (Blast you, Canada!) But a $9-an-hour minimum wage is a boon to a Chinese manufacturing sector still dependent upon cheap labor, and expensive emission controls make overseas industries relatively competitive, while one of the biggest threats to U.S.-made cars and U.S.-produced oil is the raft of new environmental regulations the president says he wishes to see enacted.
continue article at National Review:
http://www.nationalreview.com/articles/340557/broke-retreating-state-our-union-editors
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