I must, in all humility, admit that it took me all of two weeks into his presidency to recognize that Obama was over his head. On February 5, 2009, I said in this space that Obama's presidency was doomed. I pronounced him a dud, unlikely to be reelected president. Said I, " ... with the economy in crisis and American national security in the hands of a starry-eyed novice, one can argue that we are in for a reprise of the Carter years complete with the self-righteous pout." Well, I argued this for almost four years and today I rest my case. Next week President Obama goes into retirement. I hope he will consider Hawaii.
Given my perspective, it was an easy case to call. A few months back I published my findings in "The Death of Liberalism." In that book I noted that in the conservative deluge of 2010, independents combined with conservatives to turn the Liberals out. The independents do not always share the conservatives' social values, but they are very ardent for prudent economic policies. The growing debt and unbalanced budgets (both state and federal) had roused the independent vote. I said they would vote with the conservatives for years to come, because Obama and his cohorts in Congress were going to pile up trillion dollar deficits for years to come. Along with the conservatives and independents, next week will come the "uncommitted" voter. The uncommitted always goes with the challenger.
There are two numbers that have been relatively underemphasized in this election, 18 percent and 24 percent. Eighteen percent is the standard cut the federal government takes of GDP. Twenty-four percent is the cut that Obama's government is taking. He says that to pay for this engorgement of the federal government all we need to do is raise taxes on the rich. The conservatives and independents recognize that there is not enough money earned by the top percentage of taxpayers to pay for it and probably not enough down below. Pithily put, we cannot afford Liberalism. That is why we shall be getting a new government next week.