Legal Insurrection has a list of the questions that reporters asked Obama on his first prime time press conference and concludes Obama’s First Press Conference An Embarrassment — For The Press.
Go read the transcript and wonder why no one asked about
How about selling out the future, burdening our children with massive debt, destroying the dollar, and causing long term financial damage to the country
which started in December 2007, will last until the second half of 2009
We are in this mess largely because critical thought and moral judgment have been subordinated to the politicization of our economy, resulting in regulatory gaps and excessive controls of the wrong kind.
Government regulations should be limited to those that increase and protect transparency and competition, protect public and private property, promote individual responsibility and enforce equal opportunity under the law. Even if the right laws and regulations could be found, they would prove insufficient to protect freedom and prosperity.
There is plenty of blame to go around on both sides of the political aisle. But the lesson should be clear that socializing failed businesses — whether in housing, health care or in Detroit — is not a long-term solution. Expanding government’s intrusion into the private sector doesn’t come without great risk. The renewing and self-correcting nature of the private sector is largely lost in the public sector, where accountability is impaired by obfuscation of responsibility, and where special interests benefit even when the public good is ill-served.
Only by removing the heavy hand of the state we can break this vicious cycle.
Required reading: How Government Created the Financial Crisis. Pay attention to this sentence in particular:
The realization by the public that the government’s intervention plan had not been fully thought through, and the official story that the economy was tanking, likely led to the panic seen in the next few weeks.
Right now Obama and the Dems are pushing to pass a trillion-dollar “stimulus” that they haven’t even read – and this is not an idle statement: the Senate bill was being drafted as it was being sent to the floor last week – while the President goes around telling us that we are at the edge of catastrophe.
How will that prevent a panic?
The reporters didn’t bother ask that.