Middle-Class Economics: A New Attack

Middle-class economics is being invoked to plunder the middle class even more.

Yesterday morning, the Wall Street Journal reported on President Obama’s State of the Union media event.  In a report that was filled with irony, the article described Mr. Obama’s “middle-class economics.”

“At this moment—with a growing economy, shrinking deficits, bustling industry, and booming energy production—we have risen from recession freer to write our own future than any other nation on Earth,” he said.

This should be enough to raise the middle-class out of an economic crisis.  However, the theme of the article and the speech was the “lagging progress among the middle class.”  Rather than writing a new future, this is a fresh attack on the prosperity of a once great nation.

Think about it.  The economic and industrial engines that drive this great nation have overcome the financial crisis of 2008, a crisis brought on by awful fiscal policy of our federal government.  They have overcome devastating regulation of all forms, particularly the specter of the imposition of the climate change faith.  They have overcome the most draconian set of obligations in the history of this nation in the form of a mandated health system change.  Technological advances in shale oil recovery have caused gasoline prices to drop to a range that has not been seen in years.  And plain hard work of the middle-class has maintained the momentum of our economy despite gale force headwinds.  The engines of wealth creation are coming back after seven years and more of the most oppressive tyranny known to this nation.  Our economy survives.  And the middle-class sees it.

This fresh attack will take more productive capital out of the economy and allocate it to the whims of the federal managers.  It will take wealth from the areas of life where the middle-class can freely produce and live and place it where the managers want it to go.  Middle-class economics is not about freedom.  It is about slavery.  Making community colleges free is not about moving the middle-class up.  It is about taking your livelihood and substituting the government’s propaganda system.

The marketing for “middle-class economics” is slick.  The slogan is “the idea that this country does best when everyone gets their fair shot.”  Yet a fair shot does not come from a federal or state program.  It comes from government getting out of the way.  What has the government school system given to our children?  We can see the full effect of our government’s training policies most starkly in our cities.  Crime is on the increase.  Respect for the law is at an all-time low.  Federal and state programs destroy.

The GOP, for what it is worth, has been tagged as the opposition to this new attack.  I pray they are up to it, but I fear they are not.  They appear to be satisfied with doing what is good for the party, doing what gains them more power.  They love to tell us of the left’s evil but do nothing.  They bide their time, wringing their hands, but suggest nothing of substance.

The paradigm for true change is the paradigm that Ronald Reagan brought us in the 1980s.  Reagan unshackled the American people and the American economy of devastating regulation.  He reduced taxes.  And there was an era of prosperity that rivaled any in American history.  A great man once said, “Therefore render to Caesar the things that are Caesar’s, and to God the things that are God’s.”  If the GOP is smart, they will follow this admonition.  If the American people are given liberty to give to God what is God’s and only give to government what God requires, there will be prosperity.

 

David Linton writes at the Blackstone Initiative.