The Obamaian universe

Mr. Obama likes to convey the impression that he doesn’t think or do business like other presidents. It’s time to take him at his word. If Washington is starting to look like an alternative universe, that’s because the president is creating an alternative universe, the Obamaian Universe. (Obamaian is pronounced Oh-buh-mayan, as in the recently famous calendar.) …

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As life forces go, the Keynesian Multiplier would be really remarkable. Alas, Copernican economists such as Robert Barro have been asking repeatedly the past four years for the evidence that all this spending in Mr. Obama’s public universe has been expanding the economy at this rate. Indeed, the Congressional Budget Office just said that in 2013, which will be the fifth year of Obama budgets that spend about $3.5 trillion annually, the economy is only going to grow 1.4%. …

In Washington’s standard model, it’s all just politics. Mr. Obama is running an established strategy of driving public opinion to marginalize and ultimately defeat Republicans. Who could doubt it? But maybe it is also time to start taking Barack Obama at his word. Maybe it’s time to come to grips with the fact that he sees the public economy of federal spending as the life force of the nation as no president ever has, not even Franklin Roosevelt.

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