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Posts Tagged ‘Reverse Midas’
September 14th, 2018 at 10:00 am
Image of the Day: Big Government’s Reverse-Midas Touch
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From our friends at American Enterprise Institute (AEI), a vivid illustration of big government’s reverse-Midas touch — notice what all of these things have in common:

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Big Government:  Midas in Reverse

Big Government: Midas in Reverse

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December 23rd, 2015 at 9:31 am
Entering 2016, Americans Say Big Government Is Greatest Threat
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As 2015 draws to a close and the presidential election year of 2016 arrives, a new Gallup survey offers an overarching theme and context for the campaign.  Namely, after seven years of Barack Obama, who made it his goal to reverse Ronald Reagan’s legacy and rehabilitate Americans’ faith in big government, the public continues to identify it as the nation’s greatest threat:

Americans overwhelmingly name big government as the biggest threat to the country in the future.  The 69% choosing big government is down slightly from a high of 72% in 2013, the last time Gallup asked the question, but it is still one of the highest percentages choosing big government in Gallup’s 50-year trend.”

Notably, the percentage of Americans identifying big government as the nation’s biggest threat was just 35% in 1965, when the “Great Society” onslaught of spending and regulation and administrative state growth commenced.  Just as conspicuously, that percentage stood at 53% when Obama assumed office in 2009, but quickly shot upward to a record high of 72% as his own big-government agenda kicked into gear.

In addition to once again confirming Obama’s reverse-Midas touch, it demonstrates that the more that Americans get to know big government, the less we like it.  That provides an important lesson to frame the upcoming 2016 race.

November 13th, 2015 at 9:38 am
NY Times: Obama Years Have Devastated His Own Party
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Throughout Barack Obama’s tenure, we’ve understandably delighted in highlighting the “Reverse Midas” touch of this man who openly aspired to become a transformative president on the level of Ronald Reagan.  In a number of ways, he has actually accomplished that, although not in the way he had hoped.  From driving down trust in government to record lows to helping elect Republicans at the national and state levels with his unpopular behavior, Obama has indeed been transformative.

Today, The New York Times details the degree to which Obama has devastated his own party from within:

“While Mr. Obama’s 2008 election helped usher in a political resurgence for Democrats, the president today presides over a shrinking party whose control of elected offices at the state and local levels has declined precipitously.  In January, Republicans will occupy 32 of the nation’s governorships, 10 more than they did in 2009.  Democratic losses in state legislatures under Mr. Obama rank among the worst in the last 115 years, with 816 Democratic lawmakers losing their jobs and Republican control of legislatures doubling since the president took office – more seats lost than under any president since Dwight D. Eisenhower.  ‘Republicans have more chambers today than they have ever had in the history of our party,’ said Tim Storey, an analyst at the National Conference of State Legislatures.”

That devastation extends beyond the state level, as the report explains:

It has also meant a hollowing out of the roster of potential Democratic candidates for major races…  The absence of up-and-coming Democrats is evident in Washington, where the party leadership in Congress consists largely of aging veterans.  The average age of the three top Democratic leaders in the House is 75, while the three most senior Republican leaders – with the new Speaker of the House, Paul D. Ryan – average 48 years old.  There are a handful of young, ambitious members of the Democratic caucus, especially in the House, but it may be years before they are ready to play a bigger role on the national stage.”

So Barack:  mission accomplished?