Wednesday, July 14, 2010

The End of Histor(ical Memory)

Bill Clinton Back In White House...
...ostensibly to advise President Obama on economic policy.
I always chuckle at Bill Clinton's good luck, or maybe good politicking: he, at least, knew when to declare victory while losing, and take the credit!
The much-praised (-belabored?) Clinton budget surpluses resulted most directly from the GOP's 1994 electoral success and subsequent welfare reform -- which Clinton vetoed twice before succumbing to overwhelming numbers. The less-popular, and effective, leg of the '90s budget boom was significant (some would say "disastrous") cuts in defense spending.
So far, the only thing Obama has pretended to match is the defense reductions, at great cost to future preparedness (note the likely suspension in the near future of the C-17 heavy-lift aircraft production as an example). Unlike Clinton, he's spent like a drunken sailor (if only he were one, God bless 'em!, he'd know what they're good for) instead of accepting reduced spending (or, at least, reduced spending increases), which Clinton did.
If Obama REALLY wants to attend to Clinton's advice, here's what'll happen next month: the president will allow unused stimulus funds to pay for the extended unemployment (and other) benefits stalled in Congress; he'll suggest the means testing of future Social Security benefits via a regime than limits high-income individuals to the CPI, and 'castes' to increases equal to wage enhancements;...and a host of other budget cost-savings.
He won't, of course, because -- unlike Clinton -- Obama is more certain of his rectitude and less concerned about his reelection (that happens when you didn't expect to get elected in the first place, I guess). Most Americans think the president is wrong about what he's right about, and don't plan to reelect him, currently -- so we're talking (again) about assuaging Narcissism. Bill Clinton might have been/be a Hedonist, but he understood his Narcissistic limitations, and its non-attraction to others.
No need to expect smartest-man-in-the-world Obama to listen to a damn thing this (reputedly successful) impeached former president says, I'd think.

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