COMMENTARY | According to the Washington Examiner, President Obama, having occupied his time with such burning issues such as gun control, immigration, and, of course, the lamentable death of Trayvon Martin will now start to address the economy.
The president will also make speeches about education, housing, health care and entitlement programs and will offer “new ideas.” In other words, Obama intends to party as if it was 2009 all over again.
It is a nice thing, one supposes, that the president intends to actually start talking about issues that affect real people. He has largely failed to use ancillary issues to try to enhance his political power. In the meantime the various scandals, including Benghazi, the IRS, and the NSA are still devouring his presidency. Last but not least, the train wreck known as Obamacare is grinding along at breakneck speed, getting reading to destroy American health care unless someone manages to stop it.
The operative word is that the president intends to talk about the economy and all of the other things. He will, no doubt, attempt to take credit for whatever positive developments that he can tease out of statistics and at the same time blame Republicans for the lack of progress five or so years into the current economic malaise.
And as for “new ideas,” sadly one should not hold one’s breath. The big idea Obama had four years ago was to blow $900 billion on stimulus money which was not even spent very wisely. The only things that got stimulated were the debt and the size of government. The private sector continues to languish.
The following will likely fall upon deaf ears, but here are just three “new ideas” that the president might consider.
First, support efforts to reform the tax code, cutting out deductions and credits and lowering rates. A less complicated tax code would go far toward lifting a dead weight that is smothering the economy.
Next, reform entitlements, such as social security and Medicare. Allow people to invest part of their social security in conservative investments. Bring free market reforms to Medicare and Medicaid. And, of course, repeal Obamacare.
Then, form a commission to eliminate needless regulations. Have its recommendations in six months and then enact them.
Finally, spend some more money on research and development. Increase the budgets of NASA, NAS, and NIH. Pay for it by eliminating green energy subsidies, but also spend some money developing energy technology.
Will the president at last do these things? Likely not. His goal will be to seem to care about the economy again, but not actually exert himself to try to fix it.