The end of private capital as we know it…
The private sector better cover its arse and run for cover.
There is small wonder at what President-elect Obama’s administration will be like if Nancy Pelosi is any indication at all to the future of legislative power. Saved from the loss of a filibuster, Congressional Republicans now face the daunting task of achieving the improbable. Even with the impossible having been wiped off the plate, the GOP will be hard pressed to preserve even the smallest facets of American conservatism. Speaker Pelosi has shown no hesitance whatsoever to pushing a two-part stimulus through Congress before the 111th reconvenes in 2009. While this has and will remain a slap in the face of conservatives, the President-elect has made clear his “economic priorities” over the well-hidden rhetorical promises made in Grant Park on the night of the 4th.
Already, we have begun to see a dramatic partisan shift to hail the end of the conservative era. Obama’s appointment of Rahm Emanuel (IL-05) to chief of staff hardly helps. If anything, the appointment is in utter defiance to the lies of bipartisanship and “new change”. As the RNC points out, Emanuel bears a striking partisan record, having shown indignance to Republicans all the while being entrenched in the Chicago machine.
Coupled with the leadership of Pelosi and Reid, the President-elect will certainly not be afraid to use his pen, but not in veto like President Bush. Yet subtlety is the Democrats’ greatest weapon. Should the liberals be able to succeed in passing the stimulus, private capital will be furthered undermined by government thwarts. The essence of it all becomes terribly frustrating for conservatives to stand by and watch as free market principles known and loved are reduced to dust. Even more daunting is the inexplicable ability of the left to veil the correlation between capital and market. In consequence, we may witness the steady deterioration of the private sector over time as we know it. Yet most Americans don’t quite seem to notice; especially when many still believe that ‘making history’ trumps ‘becoming history’.