- MENU
- HOME
- SEARCH
- WORLD
- MAIN
- AFRICA
- ASIA
- BALKANS
- EUROPE
- LATIN AMERICA
- MIDDLE EAST
- United Kingdom
- United States
- Argentina
- Australia
- Austria
- Benelux
- Brazil
- Canada
- China
- France
- Germany
- Greece
- Hungary
- India
- Indonesia
- Ireland
- Israel
- Italy
- Japan
- Korea
- Mexico
- New Zealand
- Pakistan
- Philippines
- Poland
- Russia
- South Africa
- Spain
- Taiwan
- Turkey
- USA
- BUSINESS
- WEALTH
- STOCKS
- TECH
- HEALTH
- LIFESTYLE
- ENTERTAINMENT
- SPORTS
- RSS
- iHaveNet.com: Politics
by Cal Thomas
President Obama may have experienced his Walter Cronkite moment over the economy.
Responding to Cronkite's reporting from Vietnam four decades ago that the only way to end the war was by negotiating with the North Vietnamese, President Lyndon Johnson was reported (though never confirmed) to have said, "If I've lost Cronkite, I've lost Middle America."
Now President Obama appears to have "lost"
Krugman asked an essential question: "Why are people who know better sugarcoating economic reality? The answer, I'm sorry to say, is that it's all about evading responsibility."
It is that, and more. The administration is so locked into its left-wing, "tax, borrow and spend" ideology that it has become like someone trapped in a cult: unable to escape and endlessly repeating the same mantra.
In a speech last week to central bankers and economists in Jackson Hole, Wyo., Federal Reserve Chairman Ben Bernanke acknowledged the economy is fragile, especially in light of the government's latest report, which showed the weakest quarterly growth in a year. He added that high unemployment poses a serious threat. Still, Bernanke tried to sound optimistic by forecasting some pickup in growth in 2011 and beyond.
Optimism not based on reality is false hope based on wishful thinking. One might as well ask a high-performance engine to run at peak level after several of its cylinders have been disabled. It is impossible, no matter how shiny the paint job.
An economy burdened down with debt because of too much government spending, a health care law that will add new and unknown burdens, expiring tax cuts that will take more money from the private sector for government to waste and abuse, and a stock market unsure and thus unable to fuel the economic engine to propel us out of this recession, is not a "summer of recovery," but a winter of discontent.
The solution is not a "Star Trek" approach in which we must go where no one has gone before. We know what works and what must be done.
Writing in
Zuckerman writes: "People see the stimulus, fashioned and passed by
The answer is for the Republicans, so eager and so likely to regain power in the House and possibly the
As Walter Cronkite used to say, "That's the way it is."
Available at Amazon.com:
The Disappearing Center: Engaged Citizens, Polarization, and American Democracy
The Virtues of Mendacity: On Lying in Politics
Bush on the Home Front: Domestic Policy Triumphs and Setbacks
The Political Fix: Changing the Game of American Democracy, from the Grassroots to the White House
AMERICAN POLITICS
WORLD | AFRICA | ASIA | EUROPE | LATIN AMERICA | MIDDLE EAST | UNITED STATES | ECONOMICS | EDUCATION | ENVIRONMENT | FOREIGN POLICY | POLITICS
Obama's Cronkite Moment? | Politics
© Tribune Media Services