Saturday, April 15, 2017
The Weeks Musings
While Obama played golf and vacationed and lectured us...
North Korea increased its missile launches and loudly promised nuclear destruction of the West and its allies.
Russia violated its obligations under the Intermediate-Range Nuclear Forces Treaty and absorbed borderlands of former Soviet republics.
Iran harassed American ships in the Persian Gulf and issued serial threats against the U.S.
China built artificial island bases in the South China Sea to send a message about its imminent management of Asian commerce.
In Syria and Iraq, the Islamic State killed thousands in medieval fashion and sponsored terrorist attacks inside Western countries.
And know it’s been confirmed that Obama knew that the weapons were being transferred from Bengazi to Syria were all too attractive to AQI and that they grabbed them and Obama knew of the attack 10 days in advance.
More will come out as Obama supporters are no longer controlling the release of documents.
And all that is just on the foreign side. I could make a longer list for the domestic side. Trump has a LOT reset work just to get back to even.
Obama left his successor many time bombs—think chemical weapons in Syria and the collapsing Affordable Care Act. But a burning fuse that gets less attention are the rising interest payments on the national debt. While Obama was doubling the national debt over eight years, the Fed’s monetary policies spared him from the fiscal consequences. The chickens are home now and it will make budget reform near impossible. Another Obama legacy.
Think of it this way. If your mortgage payment went up 20% this year, what would do? Ask for a raise to cover the increase or tighten spending?
I was listening to Billy Joel’s 40-year-old Captain Jack this last week and this line hit me as him being prescient of the current 20 year-olds.
Well you're 21 and still your mother makes your bed
And that's too long
Dan Henninger wrote:
There was only one Trump promise—Make America Great Again. If you type that phrase into Google Translate, this is what should appear: Get the American economic engine retuned or pack it in. Every other pet peeve or project is secondary.
There are two levers for achieving this goal: tax policy and deregulation. To get there, the Trump presidency just inserted two key players.
Kevin Hassett of the American Enterprise Institute, an expert on what makes a tax code productive, becomes chairman of the Council of Economic Advisers.
Neomi Rao, director of George Mason University’s gloriously named Center for the Study of the Administrative State, became the Trump White House’s czarina of regulation.