D’Souza’s Anti-Obama Documentary: If Only
It Were True!
by
Gary North
Tea Party Economist
Recently
by Gary North: Gold
Commission 2
I went to
see 2016: Obamas America. Dinesh DSouza wrote,
stars in, directed, narrates, and did the original research for
it. If we look at this from the point of view of its success as
a documentary, I think it is effective. It is making money in theaters.
This is amazing for a documentary. It is a campaign year documentary,
and it is a good one.
It is also
dead wrong. That is because it misses the fundamental political
fact of the last dozen years: the Obama Administration is the operational
successor of the Bush Administration. In Iraq, in Afghanistan, in
Guantanamo, on Wall Street, Barack Obama is George W. Bush in
blackface. Obama is the star of a twenty-first century minstrel
show.
This fact has
been deliberately ignored for almost four years by both the neoconservative
Right and the grin-and-bear-it Left. Neither side will admit what
I regard as the fundamental fact of this documentary. It is a
long whitewash of the policies of George W. Bush.
THE ON-BUDGET
DEFICIT
If you understand
this early, you can see it in what is by far the best section of
the movie. It appears at the end. It is an interview with the ever-eloquent
David Walker, who resigned in 2008 from his job as Comptroller General
senior accountant of the United States.
This date is
crucial: the last year of the Bush Administration.
I need to make
three observations. First, the deficit is vastly worse than the
movie portrays. The movie sticks with the non-issue: the on-budget
debt of $15 trillion, which is chump change, while never mentioning
the central problem: the $222
trillion present value of the unfunded liabilities of the off-budget
deficit, meaning the deficits of politically sacrosanct Social
Security and Medicare. This is the heart of the federal governments
highly entertaining Punch and Judy show over the deficit, with Paul
Ryan as Punch and Obama cross-dressing as Judy.
Second, Walker
has spent years warning the public about the unsustainable increase
of the on-budget federal debt. He was eloquent on camera. But, central
to that presentation, is the fact that he blamed George W. Bush
as much as he blamed Obama. He says on-camera that the turning point
on the deficit began with Bushs presidency. He showed that
we are headed for a fiscal disaster, and it may overtake us during
the presidency of whoever is elected in 2016.
In terms
of the on-budget deficit, Obamas Administration is an extension
of Bushs. Miss this, and you miss the whitewash. This
documentary is an implicit whitewash. It relies on an assumption,
namely, that we are not dealing in 2012 with a single political
administration, which began in January 2001. Sadly, we are.
The key to
understanding this is Timothy Geithner, who was the president
of the New York Federal Reserve Bank (privately owned) in 2008,
and is the Secretary of the Treasury now. He does not appear in
the documentary.
Third, neither
Walker nor DSouza mentions on-screen what should be the obvious
Constitutional fact, namely, that it is the Congress that legally
initiates all spending bills, and it is the House of Representatives
that holds the hammer constitutionally. There was not one word in
the movie about the Congress of the United States as being constitutionally
in authority over the budget of the United States government. How
in the world could anyone make a documentary that focuses at the
very end on the central problem that the country faces, and then
try to pin the tail on Obama as the donkey?
We are living
in a bipartisan, congressionally mandated, slow-motion train wreck.
The Congress of the United States could stop Obama today as easily
as it could have stopped Bush. Congress is not interested in stopping
the deficit; it is interested in avoiding all responsibility for
the annual $1.2 trillion on budget disaster that is the federal
budgetary process.
The fiscal
killer of killers in Bushs Administration was never mentioned:
the prescription drug law that Bush rammed through Congress in 2003.
It added at least
$8.7 trillion to the unfunded liability of Medicare. Yet it
is never mentioned in the documentary. Instead, the documentary
focuses on Obamacare, whose burden is mainly on the private sector
and actually relieves some of the Medicare payments. In any case,
that law was really Pelosicare. She was the ramrod. The documentary
has one brief segment on her. It skips the point: bad as that law
is, she was far more responsible for it than he was.
THE
ECONOMY
A related thing
that bothers me intensely is the fact that the documentary tries
to pin the bad economy on Obama. The bad economy should be pinned
on Alan Greenspan, with considerable help from his successor.
To suggest
that the President of the United States has the power to make the
economy worse to imply that he also has the power to make the economy
terrible. He has limited power either way, unless he drags us into
a war. Bush dragged us into two wars.
Ron Paul always
was right for 36 years in not pointing to the President as the main
economic problem, but rather the Federal Reserve System. So, any
documentary that does not go after the Federal Reserve when it talks
about economic problems, but blames the President instead, and also
ignores Congress, is doing the general public an enormous disservice.
It keeps the Federal Reserve in the background in the thinking of
the viewers, when the Federal Reserve ought to be in the foreground,
with the presidency in the background. This is basic economics.
DSouza does not know what he is talking about with respect
to economics.
Read
the rest of the article
September
1, 2012
Gary
North [send him mail]
is the author of Mises
on Money. Visit http://www.garynorth.com.
He is also the author of a free 31-volume series, An
Economic Commentary on the Bible.
Copyright ©
2012 Gary North
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