Saturday, November 08, 2008

The Lap Dogs That Aren't Barking

The sycophantic national press, having carried Obama throughout the campaign, now is providing ready-made excuses in advance for his upcoming struggles. No sooner does Obama call for reduced expectations, than the press obliges by telling us how hard he will have it. Why he's just like Lincoln and Roosevelt. Power Line comments:
"Well, yes, I can see the analogies. Like Lincoln, Obama will take office confronted by a threat of secession and civil war from the states that supported his opponent. No, wait....

The better analogy must be Roosevelt, who took office with the nation more than two years into a depression and with unemployment at 25%. Hey, at 6.5%, we're a quarter of the way there! In addition, of course, not only did Roosevelt face a "banking crisis" of his own, he had to worry about fascism rising in Europe and the threat of world war.

The 'two wars' meme is one we're hearing a lot, but by historical standards it's pretty silly. The war in Iraq is nearly won, while the Afghan conflict has so far claimed the lives of 609 American military personnel, every one of them a hero. But still: around 400,000 American servicemen died in World War II. Let's have a little sense of perspective here.

Actually, it isn't just Lincoln and Roosevelt who took office under more difficult conditions than Obama. Think of Truman; World War II was still raging and he had to decide to use atomic weapons to bring it to an end; beyond that, the Soviet threat was visible on the horizon. Or Eisenhower, who assumed office while the Korean War was going on. Or Richard Nixon: Vietnam and riots in the streets. Or Ronald Reagan, who began his Presidency with unemployment at 7.5 % and inflation at 12%. Was there a banking crisis? Oh yes, interest rates were at 18-20%. Now, THAT was an economic challenge! In addition, not only was the Cold War in full swing, the U.S. was losing with the Soviet Union advancing around the world."

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