Austin Hill

“We Can’t Wait!”

Barack Obama often seems annoyed by the limitations of his office these days, especially with a Congress that occasionally disagrees with him.

So rather than let something silly like the co-equal branches of government get in the way, the President has chosen instead to harness the mantra “We Can’t Wait!” (do an online search with the mantra and his name), and then impose his controls over our economy by executive mandates.

With an unending supply of programs to stimulate everything from domestic tourism to farm production, President Obama has huge chunks of the American economy firmly within his grasp. 4 years ago this kind of government control seemed like a good idea to some, but who still thinks that way now?

I remember back in the fall of 2008 when I attended an Obama campaign “meet up” at a bar. It was in Phoenix, Arizona – the home of Mr. Obama’s opponent at that time, John McCain, and home to a brutal real estate crash - and a mortgage lender friend told me “you gotta come meet these people. They’re young, hip, smart, lots of MBA’s and lawyers, and they’re all supporting Obama.”

What I observed as I mingled with the young, hip, smart people was that they liked to talk about how young and hip and smart they believed Barack Obama to be. They’re confidence in this one man was unending, while specific details about economic and public policy concerns weren’t discussed much.

“Why did so many banks and borrowers agree to ARM loans in the first place?” I asked one of the hipsters, trying to engage a discussion about how bad government policy can incentivize bad consumer behavior. “Obama will implement a program to stop the foreclosures” was all the answer I could get.

“Why do healthcare insurers continue to raise their rates?” I asked another hipster, hoping we could talk about the ways in which government policy prevents competition among insurance companies.  “Obama has a plan to expand coverage and reduce premiums” I was told.  End of discussion.

That was in 2008. Now, after nearly three and a half years of President Obama’s all-seeing and all-knowing wisdom forcing private companies and individuals to do what he wants them to do, we should pause and ask ourselves:  does more government control over our economy produce more prosperity for us all?”

Austin Hill

Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.