American Thinker: Obama's Ides-of-March Moment is Near

American Thinker: Obama's Ides-of-March Moment is Near
By the end of March, Barack Obama's administration will face its destiny, its Brutus a pawn of the fates.

In Jimmy Carter's presidency, the Wall Street Journal editorialized about "Ratcheting to Ruin." The title derived from the fact that each cycle high in unemployment was higher than previous ones, and each cycle high in inflation was also. "Stagflation" was the neologism coined to describe what up until then was believed to be impossible in the Keynesian world. This period ushered in a new era in both politics and economics. Carter was replaced by Reagan, and Keynes was replaced by Friedman.

Thirty years later, Keynes is back in vogue, Obama has ascended to the White House, and times are reminiscent of the Carter era. The economy is awful. Fear and dissatisfaction prevail. Politicians are held in contempt. There is one major difference -- Carter did not face an "ides of March" event.

In Shakespeare's Julius Caesar, a soothsayer warns Caesar to "beware the Ides of March." The prescient warning did not help Caesar. As Obama approaches his March moment, no warning can change his fate.