As usual, the technocrats are weak on history and strong on arrogance.

I believe that this current administration and its surrogates are determined to remake America in the statist image that is the cornerstone of their ideology. It is all about gaining control, and if it takes the destruction of the American economy to gain their objective ………. well, in any war or revolution there is always “collateral damage”.

Yes, we’re still bleeding jobs, housing prices have fallen, etc. but have they fallen enough.

Second, if the fall wasn’t enough or if the rebound in GDP terms isn’t enough how is this going to affect the government in terms of the monies they are spending and tax receipts. What if their budgets are off and more money has to be dumped?

Even a bigger what if is what if there is a double dip and this throws their budgets way off then their is more spending and more printing. And not just at the federal level but serious issues at state levels with their spending and receipts? Could California with their various financial problems weather a double dip? What about other states? They are nearly all in debt to the federal government? They’d be demanding some serious bailouts then.

What then? This will create major fiscal turmoil. We voted for a president that promised to give us everything in the first dip? Who will we vote for in the second dip the nature of man is revealed in his trials and I’d say the first trial was very revealing!

I think Ben Barnanke knows this! There is no margin for error. What is his and other “technocrats” end game. He obviously believes that a technocrat should be the one heading the economy, he lobbied Obama for more power for his organization and not less.

(1) Are they gambling that the recovery will get them out far enough that the American people will forget and so when crisis number two comes along we’re running back into the arms of our politicians. (2) Or do they truly believe that keeping the economy from correcting is the right idea (i.e. that human nature can be managed by a formula and therefore they are operating at a high level of pride and arrogance)? (3) Or am I wrong that human greed and illogical foibles can be formulaic-ly predicted and they can halt the correction and manage human nature to be ok with high debt, indebtedness to foreign nations, government interference and involvement at all levels, etc etc. They know more then me so the answer to one of those three options tells a lot about the future. If they gambled then we have a chance with our vote to change things. If they were arrogant they may have already sunk the ship. If they are right then we all become slaves (the majority happily).

The recession will correct itself in time; it always does. And it is not because of any influence from the “stimulus” or any other government intervention. Obama will claim any credit, of course. He is desperate for something positive.

There is a real danger that the Obama administration will aggravate China to the point where some trade wars are touched off and that would aggravate the trade deficit further and also delay recovery. Business is the only hope that we have to sort out the mess, but Obama and crew seem determined to muck it up so that they can force further deterioration on the free market and advance their statist agenda.