Friday, April 3, 2009

Obama Pal Sees 'Collectivism'

From Peggy Noonan in the Wall Street Journal:
From Bloomberg News this week: "The U.S. government and the Federal Reserve have spent or lent or committed $12.8 trillion" in new pledges. This they note is almost the value of everything the United States produced last year. The price tag comes to $42,105 for every man, woman and child in the U.S.
I happened to be rereading the economics section of Mr. Obama's second book, "The Audacity of Hope," when I read the Bloomberg story. Mr. Obama scores President Bush for contributing to a national debt that amounted to a $30,000 bill for each American. Those were the days!
The tagging was done, definitively, by an increasingly impressive (because unusually serious and sincere) member of the U.S. Senate, who happens also to be Mr. Obama's friend. Tom Coburn, an Oklahoma Republican, has been close with the Illinois Democrat since their Senate orientation in 2004; he's the man the president hugged after his big joint sessions speech last month. Thursday, in a column on RealClearPolitics.com, Mr. Coburn wrote, "I believe President Obama has proposed the most significant shift toward collectivism and away from capitalism in the history of our republic. I believe his budget aspires to not merely promote economic recovery but to lay the groundwork for sweeping expansions of government authority in areas like health care, energy and even daily commerce. If handled poorly, I'm concerned this budget could turn our government into the world's largest health care provider, mortgage bank or car dealership, among other things."
To be defined in this way is not just a negative for Mr. Obama in terms of its criticism, it amounts to being robbed, by a friend, of the vagueness that was part of his power. Mr. Coburn was all the more deadly for being fair-minded: he was tough on both parties as operating in a crisis from "scripts," with Democrats saying everything is Bush's fault and Republicans decrying high spending and taxing while failing to abjure earmarks and admit what must be cut.

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