Three muted and belated cheers for Robert Reich.
Bill Clinton's former Labor Secretary once again defies the Conventional Wisdom of the Obama Administration (spend more on your buddies on Wall Street, political muscle groups like ACORN, and raise taxes on people who actually produce stuff).
First, unlike Obama and Geither, he understands we really really really have a problem on our hands. Timmy can assure us we are in a recovery, and the Fed can print and pump money to Wall Street all it wants.
The real, genuine, on-the-ground-sans-the-Democrat's-BS unemployment rate is about 20%.
Twenty percent. That's one in five.
(That's not counting all the micro-business contractors and tradesmen who were never on the rolls, like my buddy Ronnie, a small contractor in Tennessee who now travels to work on projects in IOWA, since work here has ground to a halt. And he's grateful for his work in Iowa!)
Reich lists several proposals, including an ominous one to use TARP funds to keep local schools afloat--a most ominous precedent.
But, he hits a home run with another--eliminate the payroll tax for one year on earnings under 20K.
I hear the simultaneous sounds of oinking and wings flapping.
He admits the obvious--the payroll tax is a huge drag on job creation, and on the economy in general.
And, finally, it's time as that idea is discussed, for the Ponzi Scheme of Social Security to be explored.
Of course, this is not likely to happen, as Himself and the Dems are trying to figure out how to federalize health care...with money from where?
A lot of what Reich proposes is wrong-headed, I believe. But he does have the courage to state clearly that things are amiss, and has clearly decided that the Obama Kool-Aid is definitely toxic.
And, what will the White House do about Reich? He was on their transition team, and teaches at UC Berkley! They can't dismiss him as more right-wing AstroTurf, amongst the other names they employ for any who dare disagree.
Oink, oink.
Flutter, flutter.
Tick-tock, Mr. Obama. We're one day closer to November 2010!
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