The Glorification Of Mediocrity.

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Some things are so unbelievably insane they have to speak for themselves. And they do~! Patrick Buchanan has the story.

 

 

Memo to Merkel: Tell Obama to Take a Hike

 

 

Tuesday – November 5, 2013 at 12:59 am

By Patrick J. Buchanan

Chutzpah. I believe that’s the word for it.

Just days after learning the Americans have been tapping her phones and taping her conversations, Angela Merkel has been publicly upbraided by the U.S. Treasury for being a bad global citizen.

What did she do to deserve this?

Merkel just won a third term as chancellor with a record vote and has an approval rating near 80 percent. But she is a bad global citizen because Germany is running the world’s largest trade surplus.

The Washington Post thinks the Treasury’s tongue-lashing is overdue, as does Paul Krugman of the New York Times:

“In this environment, a country that runs a trade surplus is … beggaring its neighbors. It is diverting spending away from their goods and services to its own, and thereby taking away jobs.”

Is this not astonishing?

Competing successfully in world markets is now tantamount to stealing food off the table of one’s less-competent and less-successful neighbors.

By this standard, America was a selfish nation and a rotten global citizen for the first seven decades of the 20th century, when we ran trade surpluses every year, averaging 4 percent of GDP.

From the Civil War through the Roaring ’20s, with a high tariff, we became the mightiest manufacturing power the world had ever seen. Our economic independence enabled us to stay out of two world wars. And when we did go in, we won within months in 1918, and we won again only a few years after Pearl Harbor.

Is this a record to be ashamed of?

Every modern nation that has risen to world power has done so through economic nationalism: Britain under the Acts of Navigation; the United States under protectionist Republicans from 1860-1914; Bismarck’s Germany; postwar Japan, which rose from the ashes of 1945 to become the world’s second economy; and China from 1980 to today.

Trade surpluses, run at the expense of rival powers, have been the hallmark of great nations in their rise to preeminence.

Though Germany is smaller than Montana, with a population not a fourth that of the United States, she is the powerhouse of the European Union, makes some of the finest products on earth, and sells abroad one-third of all she produces. Her unemployment rate is only 5 percent.

Why is that not a record to be admired? And whom are the Germans supposed to emulate? Answer, if you can believe it, Obama’s America.

The Post and Krugman feel the Germans must shake off their habit of working and saving and start spending to get Club Med countries like Spain and Greece out of intensive care. The Post wants Merkel to embrace the Social Democrats’ idea of raising the minimum wage to $11.50 an hour, which was too rich even for the mayor of D.C.

The need, says Treasury, is for “rebalancing.”

Basically, what the globalists want is for prudent counties with trade surpluses to start running deficits to get money flowing, like transfusions, into the moribund economies.

Where as “Engine Charlie” Wilson reportedly said, “What’s good for General Motors is good for the country,” the globalists retort, “What’s good for the global economy is good for America.”

But is this true? From their behavior in recent decades, neither the Chinese nor Japanese nor Germans, proprietors of the second, third and fourth largest economies on earth, buy into this ideology.

And how has America’s conversion to globalism, since George H.W. Bush proclaimed the coming of the New World Order, worked out for us?

From 1989 to 1993, Bush 1 ran $360 billion in trade deficits in goods, a U.S. record.

Bill Clinton, who enlisted the Republican establishment to help ratify NAFTA and U.S. membership in a World Trade Organization where the United States has the same vote as Armenia, ran $1.8 trillion in trade deficits.

Clinton’s deficits were then dwarfed by George W. Bush’s, who ran up $5.3 trillion in trade deficits in goods.

In four years and eight months, Obama has piled up trade deficits totaling more than $3 trillion.

Thus, during 25 years of free-trade globalism, the United States has run up well over 10 trillion, or ten thousand-billion, dollars in trade deficits in goods.

And what do we have to show for it?

Our economic independence is history. We rely on foreigners for the necessities of life. We are the greatest debtor nation in history. Beijing and Tokyo bank scores of billions in annual interest payments on the T-bills and Treasury bonds they hold. And as the gleaming cities of Asia rise, America’s infrastructure visibly crumbles.

The real wages of our working men and women have not risen in decades. In the first decade of this century, we lost 6 million manufacturing jobs as 55,000 factories disappeared.

Why should successful Germans emulate the folly of the failed American politicians responsible for the decline of the greatest republic in the history of mankind?

 

H/T MW

 

~ ~ oOo ~ ~

 

Chutzpah. Insanity. Megalomania. By whatever title one wishes to call it, this is the height of international insanity. There comes a point when an individual’s egocentrism and narcissistic attitude combine to make them appear like the old tyme Court Jester. And for the leader of what the world knew at one time as the greatest Nation on Earth, and as a role model to be emulated, to become the epitome of the Jester is intolerable.

I am ashamed of the leadership of this nation, in so very many ways. The office of the President of the United States has been sullied almost beyond repair. At least, in my lifetime~!

President Truman, President Eisenhower, President Reagan, all of them warned us.  But the leadership of this Nation did not choose to listen to Financial and Political Responsibility. Even Benjamin Franklin had this to say, as noted by James Madison:

“Benjamin Franklin:  

“It was always of importance that the people should know who had disposed of their money, and how it had been disposed of. It was a maxim that those who feel can best judge. This end would, he thought, be best attained if money affairs were to be confined to the immediate representatives of the people.”

 

  Yes, we are well on our way to becoming a Fourth World Country, and the laughing stock of the Earthly Nations.  And what will we do,  when it comes the time to pay the debts we owe? Will we do as the heathen do, the looters and the moochers do time after time? While there are unfortunate circumstances demanding the declaration of bankruptcy in personal finances, and even in business finances, for a NATION to declare bankruptcy is nothing short of criminal.

And our Nation is ethically, morally and culturally bankrupt in its leadership. All that is left to declare is the financial bankruptcy.  And God Help Us All.

 

https://i1.wp.com/www.newclarion.com/wp-content/uploads/2012/01/obama-my-work-here-is-done-500x353.jpg?resize=500%2C353

~ ~  Grouchy   ~ ~

 

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10 Responses to The Glorification Of Mediocrity.

  1. Kathy says:

    Merkel deserves praise and emulation, not a tongue-lashing, especially from the often-loony WaPo with their cheeky attitude.

  2. Clyde says:

    It figures EVERY idiotic liberal “economist” would have a problem with that. Morons, especially the odious Krugman.

  3. Buck says:

    Encouraging Germany to join a march to the insolvency of a bail out the failed socialist states philosophy…

  4. tannngl says:

    I read a book that might explain the idiocy that pervades the progressive minds today. it’s title ‘The kinderGarden of Eden: How The Modern Liberal Thinks’.

    It details the modern ideology of liberalism which, according to the author, has become just plain evil. It made him wake up to this when replies by libs to the 9/11 attacks on the US were that “we deserved that”.

    His theory is-citizens are being taught that there should be NO discrimination. And according to this ideology, that includes race, gender ID, sexual preference, etc. But it also includes success, morality, faith and everything in life. Progs today don’t want to be held to ANY standards. It’s just as good to be unsuccessful as it is to be successful. Actually a successful person will probably make the unsuccessful person ‘feel’ bad so the successful person is marginalized. And these ideas are sweeping the globe.

    It was an interesting idea and seems to fit.

    • Thanks for that, Tannngl,,, What a lot of truth in what you’ve written here, as well as the author of that book – Evan Sayet, who is a converted liberal from California.
      The book is available on Amazon. (And the reviews are hilarious~!)
      Thank You, Tannngl. I’m going to have to get that book~!

  5. CW says:

    This is a great post, Grouchy.

    Looks like the Left is falling back on its tried and true strategy for dealing with all things that show the human spirit at work – bullying.

    Pat Buchanan has been exposing the truth about leftist policy for a long time and as a result he’s been successfully relegated to the far periphery of political debate, where he can do little harm to the Left’s destruction of this country.