Stupidity, Beer, and Pelosi

Oh! This is so much fun and the Watchman doesn't hardly know where to begin! What does stupidity, beer, and Pelosi have in common? One might not see the connection right off, but I'll give it a whirl. Obama not only had a Rev. Wright moment when he stumbled into the Professor Gates-Officer Crowley incident, he also had a Forrest Gump moment. Remember in the movie Forrest was telling folks what his mama always said? One of Forrest's better lines, "Stupid is as stupid does". In reality the President was pretty stupid to even utter a syllable in response to the reporter's question. So the first link is BHO's own stupidity. Then comes the proposed beer summit where BHO entices the two parties to come together and make nice over a cold brewski. This accentuates his first stupid mistake by devaluing the importance of the Office of the Presidency by meddling again in a local affair, using cheap beer no less. With world events spinning perilously to nuclear holocaust, global warming cooking the planet, and people dying in the street for the lack of health care, this side show summit diminishes who the President is and more importantly the inherent power of the President. Suppose Gates and Crowley got into another arguement? How would that made the President look? Even with the positive outcome, the photos makes it appear the President was just hanging loose while the two individuals in suits were the ones conducting serious business. Two is company, three is a crowd, eh?

So now we have two links in the chain of stupidity. The third link comes from Dear Speaker Pelosi, who following her leader's stupidity, attacks the insurance industry:

"It's almost immoral what they are doing," Pelosi said to reporters, referring to insurance companies. "Of course they've been immoral all along in how they have treated the people that they insure," she said, adding, "They are the villains. They have been part of the problem in a major way. They are doing everything in their power to stop a public option from happening."

So Dear Speaker stupidly insulted an entire business sector with many employeed citizens struggling to make a living, does provide pretty fair services to 305 million citizens, are afraid that "public option" (read government run) health care will kill their livelihoods, and creates continued conditions of instability in the markets. One of the hall marks of a demagogue is to create an enemy to be the brunt of peoples scorn and thereby raise their own power or deflect criticism of themselves. In this case Dear Speaker has done both, a classic Marxist move I might add. In her bold move, she has created a villian many will love to hate while taking the heat off her and her party for devising a multi-trillion dollar government run health care system. (Also removes the heat for her CIA gaffs.)

In her must read book entitled "The forgotten Man", Amity Shlaes discusses how both Coolidge and Roosevelt's constant verbal attacks on "greedy big business" in public settings drove the markets to continued instability thereby prolonging economic depression. Business nature hasn't changed all that much since the 1930's and we're seeing this play out in the stock market. Yes the DJIA is up to 9000, but trading volume is flat and there continues to be incremental inching up followed by plunging declines. Same thing accrued though out the 1930's. Consequently, unemployment froze at 14-16% for a decade. Obama and Pelosi (and other democratic leaders) are making the same stupid mistake.

So there you have it. Stupidity, Beer, and Pelosi neatly networked together making Americans even more depressed. Anyone for a beer?