the president intends to use his State of the Union Address to threaten that in effect, if he has to, he will force demand curves to slope upwards by executive order. It’s an elegant solution that would solve all of the nation’s economic problems; gosh, it’s a wonder that the president hasn’t thought of it before now.
Media will rally to the cause, as they invariably do; perhaps they will note without trace of irony how the world hasn’t seen such leadership since King Canute!
Meanwhile, Clyde Wayne Crews Jr. of Forbes considers the actual situation in America:
From a promised minimum wage increase, to destabilization of the health care system, to an energy policy encapsulated by “Under my plan … electricity rates would necessarily skyrocket,” no part of the Obama vision is about making America freer and richer. …
It’s gotten worse since Las Vegas resort executive Steve Wynn fretted that Washington is “the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it.”
Washington’s unreality has become offensive on a personal level, almost an affront to America itself. Washington is booming at taxpayer expense, the nation’s richest region. Thousands of comfortable bureaucrats live in million-dollar homes; but what does your house look like?
The pretend “income inequality” agenda is not about lifting up the poor, but disparaging the able; the same able capable of hiring.