August 30, 2022

It’s pretty obvious to me that the Biden Student Loan Handout is a midterm Hail Mary. With a 40 percent approval rating, why wouldn’t the president throw some free stuff at the gender studies graduate vote? What has he got to lose?

‘); googletag.cmd.push(function () { googletag.display(‘div-gpt-ad-1609268089992-0’); }); }

Notice that I said: “what has he got to lose.” I didn’t say: what has the average American got to lose by adding $300 billion to $1 trillion to the national debt?

It helps me understand how the Peronistas wrecked Argentina, and the Chávezistas wrecked Venezuela. When your policies have wrecked the economy, why not double down, throw money at your supporters, and call your opponents names?

Let’s leave aside the economic debacle of the 1930s where FDR’s famous Brain Trust failed to recover the U.S. economy from the Great Depression with their New Deal and FDR blamed it all on “economic royalists.”

‘); googletag.cmd.push(function () { googletag.display(‘div-gpt-ad-1609270365559-0’); }); }

Let’s start with the Sixties, when Democrats passed the Civil Rights Acts (with Republican support) and then the big spending programs of the Great Society. If you were a Democrat in those years you knew that Democrats had cracked the code to justice and prosperity and would rule for a hundred years. But something went wrong.

How could it be that blacks did not shoot into the stratosphere, and that the 1970s would be the decade of stagflation and the end of the big-union industrial economy?

And how come, with the great feminist movement and careers for women and the Pill and no-fault divorce and Roe v. Wade, that women did not live happily ever after?

Victor Davis Hanson has a piece going into the details of how the elite has earned the “disdain” of the lower classes. It’s appeared both at American Greatness and the NYPost. It’s all true, but that’s not the problem.

The bigger problem is that, time and again, the elite group mind has converged on some brilliant and earth-shattering program that was going to change the world. First it was the Progressives and their administrative government by the best and brightest. Then it was FDR and the New Deal. Then it was the Great Society. They all failed. Next up to fail: the Green New Deal.

It goes without saying that the best and brightest, the educated, the evolved cannot make a mistake. We all know that. So anyone that disagrees with the experts is committing “disinformation and misinformation.” Stands to reason.