The Corner

An Existential Dilemma

Unemployment is at 9.8 percent, and the figure is even higher when the long-term unemployed and dispirited are added in. What does President Obama do now? 

He has already tried massive government spending, borrowing $3 trillion in just 22 months in order to stimulate the economy. He has extended unemployment insurance, taken over corporations, and expanded entitlements — the sort of things the EU countries did that led them to their present reckoning. And yet such infusions of printed money and entitlements have not restored job growth.

Meanwhile, his original economic team — Orszag, Romer, Summers — is leaving or gone. The voters don’t believe we are in a real recovery, as the largest midterm correction since 1938 reminds us. He can get no help from his left-wing base — they demand more deficit spending, higher taxes, and more “stimulus,” which the president knows would only stall the recovery and alienate the Democrats even more from the electorate.

And yet to adopt free-market remedies — lower taxes, massive spending cuts, less regulation — would require the president to abandon his base, reject 30 years of his own ideological activism, and endure hysterical criticism during the waiting period while those tough-medicine measures kicked in. An equally intolerable solution.

So I guess we’re left with the present stasis: Obama will sorta-kinda be forced now and then to concede a point or two to the Republicans, who still do not have the legislative clout to pass rather than merely block legislation. He will vote present a lot, and count on (a) the natural resiliency of the economy to kick back in, especially when business is assured that his own policies are now frozen and cannot be expanded, and (b) Republican budget-cutting to be unpopular, especially when demagogued in them/us class-warfare terms. 

And when the Lala-land liberal base gets angry, Obama can privately and quite correctly remind them that he is the best they are going to get, inasmuch as the voters want less of them, not more, all while publicly making flashy liberal appointments and updated hope-and-change speeches on symbolic issues — appearing all the more radical in direct proportion to the insignificance of the appointment or policy.

In other words, the president counts on the fact that his policies have not damaged the economy too much to prevent its partial recovery, and he hopes that he can play ad hoc politics as things get better, taking credit for the good while blaming the opposition for their heartlessness in trimming the budget.

Who knows, it might work for a while.

Victor Davis Hanson — NRO contributor Victor Davis Hanson is a senior fellow at the Hoover Institution and the author, most recently, of The Second World Wars: How the First Global Conflict Was Fought and Won.

Most Popular

Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More
Politics & Policy

Students’ Anti-Gun Views

Are children innocents or are they leaders? Are teenagers fully autonomous decision-makers, or are they lumps of mental clay, still being molded by unfolding brain development? The Left seems to have a particularly hard time deciding these days. Take, for example, the high-school students from Parkland, ... Read More
PC Culture

Kill Chic

We live in a society in which gratuitous violence is the trademark of video games, movies, and popular music. Kill this, shoot that in repugnant detail becomes a race to the visual and spoken bottom. We have gone from Sam Peckinpah’s realistic portrayal of violent death to a gory ritual of metal ripping ... Read More

Romney Is a Misfit for America

Mitt’s back. The former governor of Massachusetts and occasional native son of Michigan has a new persona: Mr. Utah. He’s going to bring Utah conservatism to the whole Republican party and to the country at large. Wholesome, efficient, industrious, faithful. “Utah has a lot to teach the politicians in ... Read More
Law & the Courts

What the Second Amendment Means Today

The horrifying school massacre in Parkland, Fla., has prompted another national debate about guns. Unfortunately, it seems that these conversations are never terribly constructive — they are too often dominated by screeching extremists on both sides of the aisle and armchair pundits who offer sweeping opinions ... Read More

Fire the FBI Chief

American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More