The U.S. economy - yes, that economy - grew at a 3.3 percent annual rate
last quarter. This no doubt caused consternation at the highest levels of
the Democratic Party, perhaps forcing some to consider a new convention film
at the last minute: "Dude, Where's My Recession?"
To hear the Democrats at their convention this week, you would get the sense
that a recession is merely a technical term for the worst human misery ever
visited upon a once-great people. You'd think Americans were listening to
the Democratic speeches as they huddled around their kitchen tables - if
they hadn't already been used for firewood - deciding which of their
children to pack off to the orphanage and how much tree bark they can afford
to eat next week.
Thursday night, Barack Obama proclaimed: "Our economy is in turmoil, and the
American promise has been threatened once more." He went on to describe an
America reminiscent of "The Grapes of Wrath" (if not "Mad Max").
But this was a weeklong theme. Over and over again, the Democrats insisted
that the "American dream" is being snuffed out, crushed, beaten, stabbed and
quite possibly dismembered in President Bush's West Wing bathtub, where Bush
and Dick "The Cleaner" Cheney can dissolve the remains in sulfuric acid.
On Wednesday night, just in case some village waif somewhere hadn't already
heard, Joe Biden reminded the world that he rides Amtrak home to Delaware
from Washington. Apparently not since Gunga Din has there been a more heroic
commute. And we've now learned that when he gazes out the window of his
barreling locomotive, he can "almost hear" the conversations in the houses
he sees whizzing by.
He "almost hears" things with an awful lot of specificity: "Should Mom move
in with us now that Dad's gone? Fifty, sixty, seventy dollars just to fill
up the gas tank? How in God's name, with winter coming, how are we gonna
heat the home? Another year, no raise? Did you hear? Did you hear they may
be cutting our health care at the company?" Super Joe even hears people
asking him, "How are we gonna retire, Joe?"
Is there nobody between D.C. and Delaware talking about "American Idol" or
their kids' school play or how they're sick of meatloaf?
Obviously, there is real economic pain out there. Food and energy costs are
rising too fast and by too much. The mortgage crisis is real.
But while Americans don't like the direction the country is heading, and
hate high gas prices, they're pretty satisfied with their lives. Some 94
percent of Americans polled by Harris Interactive this month said they were
satisfied with the lives they lead. According to Gallup, only 9 percent of
Americans are dissatisfied with their jobs and only 13 percent are
dissatisfied with their job security. The unemployment rate is at a
five-year high of 5.7 percent, but it wasn't long ago when that was
considered close to full employment.
"Ladies and gentlemen ..." mourned Senator Biden, the "American dream feels
like it's slowly slipping away. ... I've never seen a time when Washington
has watched so many people get knocked down without doing anything to help
them get back up."
Quick question: Was this the same Washington that oversaw the largest
expansion of entitlements (a.k.a. the prescription drug benefit) since the
Great Society? Was this the Washington that recently started doling out $168
billion in stimulus checks?
Biden's keen ability to hear only awful news is symptomatic of a Democratic
Party that is not merely eager to return to the White House, but desperate
to launch a new New Deal. The mind-set is on display in almost every speech.
Hillary Clinton decried the policy of "giving windfall profits" to oil
companies. Clinton seems to believe that all of the money, everywhere, is
the government's, and your profits are a gift. Windfall profits are defined
as too big a gift from government. Montana Gov. Brian Schweitzer, borrowing
a line from Obama, complained that John McCain wants to give "$4 billion in
tax breaks for big oil?"
No. McCain wants to lower the corporate tax rate to make us more competitive
with our rivals. Yes, oil companies are included, but by this logic (as my
colleague Ramesh Ponnuru notes), Obama's middle-class tax cut will be a tax
break for hookers and serial killers.
The greatest irony is that the one area where the Democrats are right about
American pain - high gas prices - is the one area where they are most
reluctant to do anything substantial. Why? Because global warming appears to
be their best shot at finding a major crisis to justify a new New Deal.
The bad news for the throngs in Denver is that Americans aren't as miserable
as the Democrats need them to be. |