Krauthammer displays a rare morsel of lucidity: Obama's Next Act

[CatWoman]

In the political marketplace, there's now a run on Obama shares. The left is disappointed with the president. Independents are abandoning him in droves. And the right is already dancing on his political grave, salivating about November when, his own press secretary admitted Sunday, Democrats might lose the House.

I have a warning for Republicans: Don't underestimate Barack Obama.

Consider what he has already achieved. Obamacare alone makes his presidency historic. It has irrevocably changed one-sixth of the economy, put the country inexorably on the road to national health care and, as acknowledged by Senate Finance Committee Chairman Max Baucus but few others, begun one of the most massive wealth redistributions in U.S. history.

Second, there is major financial reform, which passed Congress on Thursday. Economists argue whether it will prevent meltdowns and bailouts as promised. But there is no argument that it will give the government unprecedented power in the financial marketplace. Its 2,300 pages will create at least 243 new regulations that will affect not only, as many assume, the big banks but just about everyone, including, as noted in one summary (the Wall Street Journal), "storefront check cashiers, city governments, small manufacturers, home buyers and credit bureaus."

-snip-

The net effect of 18 months of Obamaism will be to undo much of Reaganism. Both presidencies were highly ideological, grandly ambitious and often underappreciated by their own side. In his early years, Reagan was bitterly attacked from his right. (Typical Washington Post headline: "For Reagan and the New Right, the Honeymoon Is Over" -- and that was six months into his presidency!) Obama is attacked from his left for insufficient zeal on gay rights, immigration reform, closing Guantanamo -- the list is long. The critics don't understand the big picture. Obama's transformational agenda is a play in two acts.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071504593.html

[Richardo]

1. Thanks for this post, CatWoman

:loveya: + :kick:

[CatWoman]

6. hey Richardo!!!

got to fix my typo!!

:)

[livetohike]

2. Ronald Reagan for all of his professed love of America

led our country straight to hell. It will take more than 18 months to correct all of that. We cannot go back to those policies and it's time for people to demonize Reagan's presidency. We will win in November and keep chipping away at the legacy that led to so much suffering for our citizens.

This is a good article.

[Guy Whitey Corngood]

3. At times it reads a s a sort of backhanded complement. But it's definitely not a psychotic

as his usual tripe.

[NJmaverick]

4. Very good historical references. I hope the the President's enemies continue to

be over confident, it will only help.

[monmouth]

5. No wonder Joey Scar was in a bad mood today. ...n/t

[CatWoman]

7. LOL!!

That's where I got the article :rofl:

he read some of it aloud this morning. :)

[4lbs]

13. That's how I know it's a good thing. If Joe the Scar is in a sour mood after something passes, then

it's good for the country.

[NYC_SKP]

8. KnR and about that "Wealth Distribution"...

....

My BP goes up a little every time I hear or read about "wealth distribution", a pejorative term only used to describe Democrats helping out the little guy.

Fucking Bush and Fucking Reagan did more "Wealth Distribution" than I've ever seen in my 53 years and they don't ever get called on it.

SOB Wealth Distributors, fuckers!

:mad:

x(

calming down now...

:P

:hi:

:kick:

[CatWoman]

9. LOL!!!!

:hi:

calm yet :)

[CrownPrinceBandar]

12. I agree......

and its only called "wealth redistribution" when it comes from the top down. But not one word is said about the systemic and ongoing concentration of wealth going to the top 3-5% in America.

[Pirate Smile]

10. K & R. Thanks, Catwoman!

:hi:

[CatWoman]

11. Hi, PS

:hi:

[Beetwasher]

14. It's All About Timing, Obama's Not Really Gonna Roll Out The Big Guns Until Sept.

Meanwhile, once again, just like with Health Care, the Repubs are shooting their wad early and predicting a take over of Congress based on polling in July. I love how high they've raised the bar. It's awesome.

:hi:

[4dsc]

15. President Obama hasn't undone any damage caused by Reaganomic

WTF is Krauthammer rambling about now. This administration hasn't come close to undoing any of the damage done by Reaganomics as that would take years.