Every political campaign has its fair share of vocabulary changes. But President Obama’s second term has showcased some very interesting political definition twists. So, here’s a look at some of the terms and their meanings or the interpretation of those meanings.
Sequester is the new political buzz word for “the sky is falling.” According to the administration, it is falling down and they can’t do anything to stop it. But this totally ignores a couple of facts. The first fact is that President Obama signed the whole bill into law. It is doubtful that the bill would have actually survived a veto based on its tenuous passage. Perhaps, the most surprising factor is that they passed a bill with the full expectation of its not becoming law. This is the exact same reasoning that people use to justify the use of a credit card — and then they’re shocked when the bill arrives. If it is signed into law, it will almost certainly become a law. It certainly wasn’t hard to predict that no solution was forthcoming based on how dysfunctional Congress is and how uninterested the President was in coming up with an alternative.
Bailout is code for “free and unfettered access to taxpayer money without regard for whether or not the company is viable”. In fact, most of these bailouts failed to achieve the basic goals. Instead, much of that money was invested at a loss. At the very least, it was a very bad investment of taxpayer funds. Some of those companies went straight back into bankruptcy instead of becoming the strong, job creating companies that the government hoped they would be.
Too Big To Fail
Too Big To Fail is one of the oddest political terms of the season. Apparently, the criteria for a business that is “too big to fail” are determined by the government. The actual criteria were much murkier. It did allow President Obama to choose winners and losers of Wall Street. But the biggest shock to the companies came from the customers themselves. Customers weren’t happy about the apparent bad judgements that the companies made with their money. Thus, what it really turned into was a huge embarrassment for the bailed out companies.
Perhaps, the saddest thing about this catch phrase is that it is a false promise. The worst part of the whole deal is that it brings false hope. Every time the President has used it, he has failed to deliver. Oh, there is always an excuse. But none of that matters when the unemployment check runs out. Oh and when it does, you no longer count among the unemployed.
Future generations will forever point at Obamacare as the main reason why you should read something before you sign it. Almost daily, something “new” is discovered in the bill. Most of those “new” things translate to bad news for the health care system as a whole. In fact, quite a few of them are increasing the price of your premiums. Those surprises are also quickly turning proponents against the very bill they fought so hard to get passed. Don’t expect any fixes from Washington anytime soon. Senator Harry Reid’s laziness and President Obama’s lack of interest pretty much guarantee that this will stay exactly as written, bad parts and all.
Sarah Palin was right when she said that Washington D.C. was like a bad reality show. It has more drama than the Housewives, spends more money than the Kardashians, and makes about as much sense as Honey Boo Boo does after drinking her “special juice.”
(White House photo)