Sunday, March 01, 2009

Sherman Frederick: This is the plan?

Give up capitalism for Lent?

For sheer boldness, you gotta love those deep-breathing Beltway Democrats who suggest America ought to alter her traditional economic principles to overcome the global recession.

They're convinced capitalism is so last century. As for self-interest, free trade and dreams of individual wealth? So much misguided "let-them-eat-cake" thinking. Wealth-sharing is the new ticket. It is, as Oscar winner Sean Penn might say, "elegant." And all the rage in Europe.

But you'll excuse me if I don't obediently take my place at this kooky séance table.

First, I don't think the spirit of FDR is worth conjuring, other than to learn how to prolong a recession.

Second, President Bam's guiding assertion is absurd. To fix the woes "inherited" from President Bush, we must now engage in a wilder form of federal deficit spending? It's a rationalization akin to an alcoholic celebrating the first day of a sober life at the Glenfiddich distillery.

And third, how is a plan for stealing from the more productive in society to "help" the less productive good for anybody in the American hive? And why isn't it called by its correct name if it's to be part of the public discourse? I guess the same way we allow a $787 billion spending bill to be called a "stimulus and recovery" bill....






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