Barak Obama has more faith in the American economy than I do. This faith is shared by all the announced Democrat candidates for the 2020 nomination. They have greater faith in the American economy than President Trump or Andrew Klavan or Steven Mnuchin. It may seem counterintuitive to say that the Anti-American Party has greater faith in the American economy than conservative patriots, but there it is.
I saw an interview of Amy Klobuchar over the weekend that illustrates the point. She refused to grant any credit to President Trump for the economic boom that has brought us record-low unemployment and strong GDP growth. She insisted that the policies of Team Obama were what brought about our strong economy. She implied that President Trump was just a lucky chump who inherited an improving economy from President Obama.
Leftists seem to be lazy thinkers. There are supposedly highly intelligent Leftists who are just as clueless about simple economics as the low-information Leftists that support the Anti-American Party at the ballot box. Rather than work out logical consequences and practical results of policy decisions, they are content to support policies that sound appealing. They support policies that make themselves feel good.
And feeling good fuels the economy. Of course; Keynes himself said so. In 2009 they all felt wonderful because they had elected Obama the Light-Bearer, and they figured all America felt wonderful on this account. The natural result would be a raising of “animal spirits” which would boost the economy out of the ditch and put us all on the road to utopia.
They knew that historic American recessions lasted about a year and took a couple of years to recover. They had every expectation that the American economy would do what the American economy had always done. There was no need to worry about the details; the big picture looked great, felt great; life was going to be fabulous in the Age of Obama, because Obama was fabulous. How could the animal spirits not respond to the fabulousness of Obama?
With that sort of unthinking confidence in the underlying strength of the American economy, they did not need to care about Team Obama regulatory strangulation or uncompetitive tax structure, or the credit crunch. None of that was going to matter, because the American economy is such a powerhouse.
That is what I mean when I say they have greater faith. They have the sort of faith that primitives put in witchdoctors. Which is what I heard from Ms. Klobuchar. When prompted with a question about faith in President Trump’s economic policies, including the Republican tax cut and rollback of regulations, she cut the questioner off to say that she has ‘faith in American businesses who continue to expand and grow in the great economic climate created by President Obama’ [my paraphrase]. Of course she does. “American businesses” is a talisman; it is an incantation to say, and then magically good economic things happen. Isn’t that how it works for President Trump? It does not matter who is in power or what economic policies are implemented; just say the magic words and economic prosperity happens.
They have greater faith in the American economy. When we start talking about marginal tax rates, the costs of government-imposed recordkeeping on matters unrelated to business, competitiveness, efficiencies, marketplace dynamics, debt and other stuff, they are too lazy to listen. They do not address these sorts of questions, and simply talk past them rather than responding to them.
There will be no debate. The good economic news will not result in any credit for President Trump or for the Republicans.
2020 will be a turnout election. We must motivate the low-information voters on our side to keep the barbarians at bay.