On October 26, 2008, during the zenith of the 2008 Presidential Election Campaign, I wrote a an essay titled "The Manchurian Candidate." Lest you've somehow forgotten, The Manchurian Candidate was a best selling novel by Richard Condon written all the way back in 1959.The Manchurian Candidate was subsequently made into 1962 blockbuster movie starring Frank Sinatra and then remade again in 2004 starring Denzel Washington.
Back in October 2008 I raised the question. Was Barack Obama a real Manchurian Candidate? Were we about to elect a man who had a very charismatic public persona, but a radically different personality and a radical political agenda we would only discover after he was elected President?
Today Kevin Hassett is asking the same basic questions over on Bloomberg News. You simply must read his chilling ‘Manchurian Candidate’ Starts War on Business.
Hassett dares to ask the unspeakable question: Is President Obama is attempting to destroy the U.S. economy? And he is coming up with some very disturbing answers. Once again I encourage you to read his entire article.
Hassett makes a compelling case that, either intentionally or by astonishingly bad management and logic, President Obama is implementing a series of carefully crafted policies that will destroy the American economy for many years to come, perhaps forever!
Obama is working to discourage private capital from entering the financial sector. Obama's policies are designed to discourage all innovation. In effect, Obama is stifling the development of any idea or product that might fuel a stock market rebound.
Hassett provides a chilling blueprint for destruction:
| Another diabolical idea would be to significantly increase taxes on whatever firms are still standing. That would require subterfuge, since increasing tax rates would be too obvious. Our Manchurian Candidate would have plenty of sophisticated ideas on changing the rules to get more revenue without increasing rates, such as auctioning off “permits.” These steps would create near-term distress. If our Manchurian Candidate leader really wanted to knock the country down for good, he would have to provide insurance against any long-run recovery. |
In the end Hassett believes that Obama is not attempting the destroy America on purpose. But his final sentence is still very cautionary:
| It’s clear that President Obama wants the best for our country. That makes it all the more puzzling that he would legislate like a Manchurian Candidate. |