Friday, June 24, 2011

An Aristocracy of Incompetence

Today's liberal leaders have divested themselves of the responsibilities of duty and prudence, resulting in an aristocracy of incompetence. Liberal vanity and fondness for central direction, ends justifying means, unbridled experimentation, tactics and the political warfare of cracking eggs for an omelet have resulted in widespread political irresponsibility. The good concept of a duty owed to the electorate no longer underpins the Democrat party, apparently unnecessary to its dreamy march toward technocratic monarchy. As with prior aristocratic governance, the governing liberal has quickly ditched responsibilities, the same responsibilities he adamantly requires of his subjects. Consider these double standards.

The Obama SEC plans to pursue fraud charges against Moody's and S&P for apparently incorrect debt ratings and inadequate investment research, while at the same time the President gets away with a joke about wasting billions of our tax dollars on "shovel ready" opportunities that never existed. Like the rating agencies, Mr. Obama was paid and painted a rosy picture, but assuredly did less research.

Likewise, Dodd-Frank and Sarbanes Oxley required ever higher policing of conflicts of interest by corporate directors and advisors, yet Rep. Frank appointed his boyfriend to a position with a company Frank regulated and Rep.Waters allegedly steered federal funds to a bank her husband owned.

An aristocracy of incompetence exists and has flourished, in which a self-crowned ruling class plays by different rules, rules that reflect their dim view of voters. This system of double standards must attract a very different person, one looking for an angle and a low path. Different because no mature or thoughtful person would be drawn to a scenario in which their standards might be lowered, ethics diluted or personal disorder increased. This aristocratic opportunity then attracts an already irresponsible and vain sort.