The Corner

A Dream Fulfilled?

When Obama gives the usual review of all the programs, stimulus efforts, and new entitlements he’s overseeing, almost no one seems to conclude that he is simply detailing how he is going to redistribute nearly $2 trillion a year in annual borrowing. When we cut through all the soaring Great Society rhetoric, we are left with a “Gorge the Beast” strategy in which money is borrowed and given to favored constituencies before being paid back by less popular groups through higher taxes.

Given the aggregate $7-10 trillion in additional debt envisioned over the next four years, Obama may well become the greatest redistributor in U.S. history, at last addressing his 2001 lamentation about the absence of meaningful “redistributive change” in America. The only question at this point is whether Obama’s gargantuan deficits are aimed primarily at lavishing constituencies with cash, or rather at making it necessary to raise taxes in a way that serves to reduce income inequality.

Most Popular

World

China’s Pandemic Deception

You’ve made it to December in our annus horribilis. On the menu today: sorting through CNN’s fascinating but not completely illuminating bombshell involving leaked documents from the Hubei, China Center for Disease Control and Prevention, filling in some details about the early days of the pandemic. More ... Read More
World

China’s Pandemic Deception

You’ve made it to December in our annus horribilis. On the menu today: sorting through CNN’s fascinating but not completely illuminating bombshell involving leaked documents from the Hubei, China Center for Disease Control and Prevention, filling in some details about the early days of the pandemic. More ... Read More
Politics & Policy

Cinderella Man 2

Welcome to “The Tuesday,” a weekly newsletter about politics, language, culture, and, this week, film criticism. To subscribe to “The Tuesday” and receive it in your inbox as God and John Wayne intended, please follow this link. The Mona Lisa of Hillbilly Literature The Ron Howard film Hillbilly Elegy, ... Read More
Politics & Policy

Cinderella Man 2

Welcome to “The Tuesday,” a weekly newsletter about politics, language, culture, and, this week, film criticism. To subscribe to “The Tuesday” and receive it in your inbox as God and John Wayne intended, please follow this link. The Mona Lisa of Hillbilly Literature The Ron Howard film Hillbilly Elegy, ... Read More
Culture

Our Real Systemic Problem

America’s got a problem that’s systemic in nature. This problem has less to do with individual intentions than the structure within which our intentions are formed. That structure explains a great deal about observed disparities in wealth, and other advantages, between various racial and ethnic groups. It ... Read More
Culture

Our Real Systemic Problem

America’s got a problem that’s systemic in nature. This problem has less to do with individual intentions than the structure within which our intentions are formed. That structure explains a great deal about observed disparities in wealth, and other advantages, between various racial and ethnic groups. It ... Read More
Economy & Business

The Corporate-Woke Complex

On Sunday, the New York Times reported that several multinational corporations including Apple and Nike are lobbying against legislation that would ban products from China’s Xinjiang province, many of which are made by forced Uyghur labor. Lobbyists are arguing that, although their clients oppose forced labor ... Read More
Economy & Business

The Corporate-Woke Complex

On Sunday, the New York Times reported that several multinational corporations including Apple and Nike are lobbying against legislation that would ban products from China’s Xinjiang province, many of which are made by forced Uyghur labor. Lobbyists are arguing that, although their clients oppose forced labor ... Read More