The Seduction of Insanity
by Gary GrahamI must be stupid.
I’m sorry, but I just don’t get it. Clearly, I am just too simple minded to understand the efficacy of the so-called Stimulus Bill. I run the idea past my Common Sense center in my cerebral cortex and all I hear is a dial tone. And if I get really quiet … I can hear a distant scream.
I’ve watched President Obama make his case on national television. I keep waiting for the entire Washington press corps to bust up laughing. I keep waiting for news anchors to crack up mid-sentence and not be able to continue, doubled over. I keep waiting for an incensed public to storm Pennsylvania Avenue and demand their money back.
But then … I must be stupid.
I am reminded of two scenarios from my past. The first one was when my older brother fell in love. A beautiful Costa Rican girl, thick accent, beautiful face and figure; my brother was over the moon. The rest of my family fell, as well. This girl had the ability to make us all laugh. Until I started to discover that she was actually not a very nice person. Nasty, in fact … though I seemed to be the only one who caught it.
When brother announced their engagement, I decided to send up my first trial balloon warning. It was discounted by him and the rest of the family. “Oh, it’s just her accent, you misunderstand her.” Half-believing, half-hoping they were right, I paid even closer attention to this girl’s words, and more importantly, her actions. After several weeks, my honest assessment was that the woman, beneath her beauty and charm, was venal, narcissistic, selfish, and cruel. It was all about her, little else mattered, and she was looking to tie her boat to my father’s small fortune through my brother. I confided as much to my brother, and implored him to make a closer evaluation before he proceeded to tie the noose. Again, my warnings were laughed off.
So… he married her. She looked beautiful and charming coming down the aisle.
Seven years and three children later, she had turned my brother’s life into a living hell. I’d give you details of her exploits but I’m saving them for my horror novel, “Nightmare From Costa Rica.” But I can tell you this, she looked beautiful and charming every step of the way.
The second scenario was when I went in to buy my first new car. After struggling through a series of used junkers, I had worked my butt off, saved my money and was determined to slap it down on a brand new, tricked-out VW bug. It had the hot race steering wheel, the cool Blaupunkt, the chrome wheels, the fat meats on the back and every little fun, hip accessory I could imagine. But the salesman on the showroom floor blew it for me. Any fool could see I wanted the car, but he told me I had to buy today, because only today would the special sale price be in effect. Only today would the extended warranty be enacted. Only today could I buy this car and be happy about my decision. I had to ‘buy now!’ I thought long and hard about it, realized I don’t like to be pressured into buying anything, even if I want it; and this guy was almost bullying this nineteen-year-old, first-time new car buyer.
I walked out of the showroom.
I ended up buying the same car at another dealership two weeks later, with more extras and at a lower price. Wouldn’t it be nice if Congress had the same sales-resistance?
But enough of that, I want to feel good about myself, and I want to feel good about America. I don’t want to think; thinking’s hard, and my head is starting to hurt. I just want to feel. I want to feel good, like my brother did with his new Costa Rican girlfriend, and I want to fall in love. And we are in love… with Barack Obama! He is beautiful and charming. My gosh, the man has taken charm to an art form. I thought Bill Clinton was smooth. Forget about it! Great smile, nice energy, wonderful sense of humor. Charms the pants right off of me.
So I was listening to the President’s first press conference yesterday, sans pants …thrill up the leg… and it occurred to me: He didn’t spend 20 years in Rev. Wright’s church to learn Black racism or ‘Black Liberation Theology,’ No, no, no! He spent 20 years in Rev. Wright’s church to learn how to preach! And I have to admit, the Reverend Obama is even more amazing than President Obama. Forget his uncanny skill at reading a teleprompter, going from left to right and back so smoothly is looks, not like he’s reading, but that he’s simply ‘inclusive.’ And his raised-chin pauses for emphasis … masterful. He exudes authority and poise. And sincerity. He cares, dammit. And he knows what he’s talking about, just look at him. What’s that, you say? What is it he is actually saying? Well…I can’t really tell you, but he is saying it so beautifully … so charming …does it really matter?
Well… yes, actually. It does. A lot.
I listened to as much of the Hurry-Up-and Let-Me-Spend-A-Trillion-Dollars-of Your Money sales job as I could take. Which I must admit, wasn’t all that much. But I did catch an interesting little gem as the president addressed those who suggested it would actually be more economically prudent to not spend a trillion bucks and just let market forces work, period. The non-partisan CBO, specifically.
“What I won’t do…is return to the failed policies of the last 8 years…that got us into this crisis in the first place.” – Barack Obama, Feb 9, 2009
Even though Congress was controlled by the Democrats from 2006-2008, I am going to go out on a limb here, and assume that the president is talking about failed Republican policies. (Is that a fairly safe bet, you think?)
REALITY CHECK! Mr. Obama has been so busy concentrating on his campaign, his transition, and now his consolidation of power, that he apparently slept through the economic meltdown, so out of touch is he with what caused it. Earth to President Obama: It wasn’t the ‘failed’ Republican policies that took us to this point. What caused bank failures and the economic meltdown was the failure of the housing market which itself was caused by banks being forced to give out bad housing loans. That gem of irresponsibility, the Community Reinvestment Act (introduced and enacted by Jimmy Carter and the Democrat Congress and later bolstered by Bill Clinton) literally forced banks to abandon prudent fiscal policy and instead, hand out loans to people who otherwise could not qualify to buy a home. And Fanny Mae and Freddie Mac were right there leading the charge. Not to sound ‘partisan’ or anything, but the people running these two Government Sponsored Enterprises: yep … Democrats.
Secretary of the Treasury Timothy Geithner came on TV this morning, and told us ‘how we got here.’ His explanation sounded somewhat logical … but conspicuously missing was any mention of the above involvement of the Democrats forcing Freddie Mac and Fanny Mae to give out bad loans. That’s like trying to explain how an internal combustion engine works, and failing to mention anything about gas fumes igniting and expanding within a closed cylinder.
What Geithner left out in his address this morning was that George Bush, Alan Greenspan, John McCain and the Republicans in Congress, fearful that unsafe fiscal practices by Freddy Mac and Fannie Mae could lead to economic disaster, attempted to establish oversight on these GSE’s, but were rebuffed by … Democrats. Barney Frank, Chris Dodd, Chuck Schumer, Charlie Rangel, Harry Reid, Nancy Pelosi, et al. Anyone who isn’t aware of this hasn’t been paying attention. The Democrats, not the Republicans, are responsible for fomenting the economic conditions that lead to the housing bubble bursting.
Also missing in Mr. Geithner’s speech was any mention of monies paid out by Fanny Mae and Freddie Mac, six-figure sums, to Democrats Chris Dodd, Barack Obama, and John Kerry. And payments for what? Cooperation incentives? ‘Performance’ bonus. Hush money? What?
And another thing: Geithner said the root cause of the meltdown was individuals and businesses borrowing funds they couldn’t pay back. And so the solution proposed is … to borrow and spend even more money, at an unprecedented rate — and not gradually, but aggressively?
Clearly, the lunatics have taken over the nuthouse.
So now we are supposed to let the very same people who took us into this economic mess … straighten it out. And use our money to do it! Which wouldn’t be so bad … if that sort of thing worked. The fans of Keynesian economic theories are lovers of history revision. (Just look at how they distort the history of the past eight years.) Democrats love to try to spend us out of recessions. It doesn’t work. And if you say, FDR I’ll tell you FTS!
FDR’s liberal spending policies extended the depression. It took WWII to bring this country out of it.
But now Congress is being pressured to pass this spending bill and do it now! There’s no time to lose, we don’t have time for further discussion, no time for debate. We have to pass the bill now, yank the lever, press the button … pull the trigger.
What the hell is the rush!??? I’m missing the soup lines. I look but I don’t see throngs of homeless people trying to warm themselves by the oil drum fire. I have not had to swat the flies off of a little starving child once in the past month. I must have missed the food riots in Los Angeles as starving hordes prowl the streets looting Vons and Ralphs stores. And have you been on the freeway lately? I would think that if the ‘crisis’ was as bad as our President says it is, the 405 would resemble a ghost town. But there I am, jammed in, trying to shuttle my butt over the hill to L.A. in the same old rush hour slog. Okay, I’ll admit that the banking and financial markets are in monstrous disarray. And that yes, it could probably be considered a crisis. But … the end of the world type of crisis? The we-are-screwed-so-let’s-throw-capitalism-out-and-become-a-socialist-nation type of crisis? Uh … not in my movie.
But we are told we have to go a trillion dollars into debt or the world is going to end, and we have to borrow it immediately! (Even though it will be two years before the money would even start to get spent.) And where do we borrow it? From China!! Am I the only one left who sees this as an absurdly stupid recipe for disaster?? Two words: Tiananmen Square. I was there two years before the tanks rolled over the peaceful protesters, and I can tell you … things haven’t changed in the ‘People’s Paradise’ all that much since. Oh, you saw the Olympics on TV and they all look so advanced and peace-loving and civilized? The people, yes. The totalitarian Communist regime, nada. So sure … let’s reduce our dependency on foreign oil, but increase our dependency on a Chinese Communist oligarchy??
This is insanity on such a grand scale … that no one can really believe it. So we refuse to. History is replete with examples of world events so startling that the populace was literally frozen with surprise, and stunned to inaction. Students in 1989 Beijing faced a wall of AK-47 rounds. The Soviet tanks rolled through the summer streets of Prague. The Jews were ejected from their homes and herded into Nazi camps. The twin towers tumbled in Manhattan.
And now … with the derisive laughter from my Leftist friends still echoing in my ears … my accusations of Obama being a ‘socialist’ have just been confirmed by … Newsweek magazine. For once we are in accord.
Tyrants and despots can only come to power through the pretense of crisis. Otherwise the people would not stand for it. It’s How to Boil a Frog, 101. If we are convinced of a crisis, we can also be convinced that ‘emergency measures’ are in order. Sweeping executive powers must be invoked. Individual liberties must be compromised and ‘temporarily’ suspended. Dissension must be stifled and freedom of speech deferred; the media – newspapers, television, and radio must be managed, dominated, and/or censured. Individual business must be manipulated and controlled. Personal property stops having any meaning whatsoever. The State dominates. Only the State provides. The State becomes everything. So comrades… Socialism starting to sound better and better?
Maybe we should walk out of the showroom.







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91 Comments
We all will need a reality check if this thing passes, and I don't think this monster will even look good walking down the aisle like your brother's bride! Now there is word the stimulus plan contains healthcare language to allow the feds to monitor your doctor's treatment choices to make sure the doc is doing what the feds think is right for you!!! No, I am not kidding! Read about it…
http://conservativeamerican.org/dems-libs-sociali...
I know the leftist posting on this piece won't bother but if you want the facts of how we got into this mess, you couldn't do better than to read the article here:
http://www.politicallyempowered.com/Home/tabid/56...
This lays it out step by step. Perhaps those so eager to lead us to the socialist kool-aid would do well to educate themselves.
Spanky – February 10th, 2009 at 5:11 pm
Poor people getting loans they could not afford did not cause this mess.
Yeah, actually they did (well, poor people along with the middle-class and rich who took out loans they couldn't afford, and the dishonest people who gave them loans they new were bad). The housing market is what caused the economic collapse. There was also runaway spending, which I fully agree was the Republican's fault for 6 years of Bush's presidency (and his fault throughout). Tax cuts did not cause the mess, so raising them will not fix it. No matter how much revenue there is, someone will always find a way to spend more unless you stop them. The Democrats believe that they'll solve it by randomly spending a trillion dollars (ATV trails, dog parks, frisbee golf courses, etc…). Spending and the housing collapse caused the problem, so wildly increased spending (with little or no thought as to what it's being spent on or who will supervise that it doesn't get stolen) is an answer so utterly and completely without intelligent thought that it boggles the mind.
Some stimulus would be good. Infrastructure updates on highways, bridges, energy grids, etc…are a smart move (even if they're done a little wastefully). I'll even buy into the thought that the government should invest in alternative sources of energy (although the morons putting the bill together decided nuclear wasn't a good option….so much for caring about the environment). However, money for condoms, the NEA, ACORN, etc…is not infrastructure investment, it's bribe money being paid back to the people who helped the Dems take charge. If you're OK with that, then good luck in future elections when people realize that it didn't help, and now we have a bill coming due that is going to weigh down the economy for years.
Right on Gary! My son who is 25 and is not impressed with politicians (said “who you vote for, is the person/party who hurts you the least when you bend over”), can’t believe the Obama worship going on. To my son, Obama comes across more as the “Great Promoter” than he does president.
Even my son gets it. The Spendulus (aka Stimulus) Package won’t work and that he definitely was not impressed with the scare tactics being used against those who disagree with “The ONE”.
[...] at Big Hollywood, Gary Graham’s assessment of the situation mirrors my own: I’ve watched President Obama make his case on [...]
I love your example of your sister-in-law. It is like me warning you people about Israel. At least this woman you describe has some “charms” – I don’t see any reason you people are attracted to that nation of backstabbers and terrorists in the first place. And the COST is astronomical while we are running deficits, to boot!
Also, we got out of the depression despite WWII, not because of it. Wars destroy, they don’t create. This is common sense. Sure, it could enrich one at the expense of another just as theft does, but it is a net loss. But I guess you guys can’t get off your war-for-Israel sales pitch, can you?
David,
Do you have any clue as to The Community Reinvestment Act? CRA? Everytime a Bank wants to open a branch, they get graded on their CRA compliance. EVERYTIME. and every two-bit activist group gets in line to complain or get bought off. Bad loans nuts? Yeah, but its true
Try and sell Communism with a sign saying “Communism” – no sale.
Change the sign to “Socialism” – a few sales.
Change the sign to read “Security” – a stampede to buy it.
Those buyers have been seduced in to buying Communism with a different label.
“Also, we got out of the depression despite WWII, not because of it. Wars destroy, they don’t create. This is common sense.”
There’s a beautiful saying about common sense.
I suggest you take a few minutes to think about how wars are conducted. It involves the nation turning to a war footing and the creation of a new economy based upon this new ‘consumer’.
Go back to Kos or HuffPost or whatever hole you climbed out of.
Randy, that public school education failed you.
http://www.infoplease.com/ipa/A0104719.html
for unemployment numbers, note the change after 1940. The US emerged as an industrial colossus in 1945. What had been a nice industrial base became gigantic. The same thing happened during the Civil War when the country changed from a primarily agrarian country to an industrialized nation.
Gary Graham is what we don’t have in Washington DC; he is common sense. Gary, either take on Di Fi, Babs Boxer or Arnold.
Yes, the “hurry up” part raises some red flags for me too. More red flags than a Mayday parade in Moscow, actually. I try to imagine running this one past my dad…
ME: HI DAD, CAN I BORROW A TRILLION DOLLARS?
DAD: WOW SON, THAT’S A LOT OF MONEY!
ME: I KNOW, DAD, BUT I REALLY, REALLY NEED IT, AND RIGHT AWAY!
DAD: DIDN’T I JUST GIVE YOU A BUTTLOAD OF DOLLARS? WHAT HAPPENED TO THAT?
ME: OH DAD, YOU’RE ASKING TOO MANY QUESTIONS! I NEED ANOTHER TRILLION DOLLARS RIGHT NOW!
DAD: I’M SORRY SON—YOU KNOW HOW BAD MY HEARING IS—BUT IT SOUNDED JUST LIKE YOU SAID ‘TRILLION’.
ME: COME ON, DAD! I NEED ANOTHER TRILLION DOLLARS, AND I NEED IT RIGHT NOW!
DAD: GOOD ONE, SON! SOMEDAY YOU’RE GOING TO MAKE A GREAT COMEDIAN. IN THE MEANTIME, DON’T QUIT YOUR… ER, I MEAN, GET A DAY JOB. I HEARD MCDONALDS WAS HIRING.
Something to keep in mind when talking about the post-war economic boom. Any major competitor we had in manufacturing was in shambles after the war. The US was still blessed with plentiful natural resources. Because of colonialism, it was easier getting precious resources from third world countries for next to nothing.
Now, we have no manufacturing base at all. We don’t have the natural resources we used tl. Not only has Europe rebuilt itself, we also compete with India, China, Korea, and Japan. As a country, the US doesn’t produce anything. A disturbingly large portion of our economy is dependent on people spending beyond their means at shopping malls. The so-called entrepenurial spirit has resulted in how many new industries rising up in the last 30 years? I can think of computers and e-commerce, and the rise of the internet economy arguably helped Clinton enjoy both a booming economy and balance the budget.
What new industries were created by Bush’s tax cuts? Can you guys name one that doesn’t involve no-bid contracts in Iraq (talk about pouring money down a hole)? Seriously, when is the last time a Republican talked about NEW industries, instead of their obsessive desire to lower the income tax rate (wow, that $500 bucks sure will help out the middle class people who can’t make their mortgage or pay for their healthcare or school for their kids).
In the off chance Obama and others are right about the new energy economy, there will be a myriad of industries springing up to take advantage of that. THAT’S why T. Boone Pickens has been piping up about that.
Hey Gary, if we’re talking about how it’s deeply wrong to spend money we don’t have, riddle me this:
How, EXACTLY, have we been paying for two major wars we’ve been fighting for nearly a decade? If you combine the spending increase that was needed to start the war in Afghanistan with the trillion dollar tax cut passed in 2001, it’s no wonder the record surplus became a record deficit. Then, when we deciced to invade Iraq, did we raise a few taxes to make sure we could pay for it? Nah, Bush told us to keep on shopping. He never once made any American citizen on the “home front” sacrifice one damn thing, instead borrowing TRILLIONS from China to fund this misadventure.
So, if we’re going to kvetch about deficit spending for domestic services, it is foolish to somehow exempt the cost of Iraq from your budgetary analysis. If a Republican wants to show fiscal responsibility, then some brave person ought to propose a tax increase to help fund our troops. What say you.
I couldn’t believe he actually said the debate over FDR’s policies were long over. They prolonged the depression. Only free market principles can bring prosperity.
Those who forget the past are condemned to repeat it.
We should run from the showroom. The trillion dollar price tag is outrageous, the economic theory is false: A nation cannot spend its way out of debt by contracting more debt.
This is pork, meant to pay off Democrat constituencies.
Umm…Randy, maybe you should just stop talking for a while. Sit this one out.
Whenever a country changes economic and production footing, there are what economists call dividends. In the ramp up to WWII, the U.S. began producing weapons and ammo for our allies, stimulating a sector of the economy. Then the Japanese attacked Pearl. The manufacturing industry suddenly had a new customer, the military. There was an even greater boom in production of planes, munitions, tanks, light vehicles, ships, all the weapons of war. This took what had still been an economy that had a large farming base (part of the cause of the depression was deflation of agri-business following overproduction then the dust-bowl), and making a truly significant change over to manufacturing. Following the war, there was a newly buffed manufacturing infrastructure in place and employees coming home from the front. When the enemies were defeated, peace was declared and we had another dividend, switching to a civilian production footing. This established a vibrant production economy in a time when the U.S. was the only major manufacturing power in the world. Hence the booms of the ’50s. WWII did more for the economy in 4 years than “The New Deal” could have likely hoped to do in a decade.
So, Randy, next time you feel like shooting your “mouth” off based on your perception of common sense, you might resist that urge, do a little research, and think before you speak, or type.
The older I get the less I trust people who rely too much on charisma to get what they want. There usually seems to be an inherent dishonesty behind all the friendliness and compliments. The show “Lie to Me” just showed a preview that stated “the most popular kids in school tend to be the most dishonest…” I wonder if that’s true? It wouldn’t surprise me.
I’ll never forget Bill Clinton and his “I never had sex with that woman…” He was so forceful with that lie that I never believed another word he said. He was clearly very comfortable lying.
It makes me very uncomfortable about the Obama presidency is how he swept into office based on nothing more than personal charisma– and the ability to make love to the camera does not equal honesty in my book. It’s very disturbing that so many people are willing to jump on the bandwagon with so little understanding of who the man is.
Bev – If the US really “produces” as much as it used to back in the day, why is our trade deficit so freakishly large? Hell, the US car industry doesn’t even lead the US in car sales anymore. Quick, Bev, name me the largest US producer of television sets? Oh, that’s right, there are no more American companies that make television sets anymore, they’re all owned by foreign companies. Ok, name me a few major US companies that make textiles? Oh, that’s right, most textiles and clothes are imported here from Asia. Ok, computer chips. OH, most of those are made in China now, aren’t they?
ANC – of course, the New Deal managed to cut unemployment from 32% to 14% in five years, but I’m sort of interested in your war/peace take on economics. We’re currently involved in two major wars, yet our economy has gone DOWN, not up? However, if you think that a major war will help boost production, would you go as far as to suggest that we ought to start a third one to help get people back to work?
So, Sarah, explain to me how that extra $500 will help cover your medical bills in case you have crappy insurance and have a medical emergency. $500 won’t even cover the co-pay in some instances.
If you factor in that real wages have DROPPED in the last thirty years and that the cost of living continues to rise, that $500 doesn’t mean jack in the long run. Yet, you guys act as if you’ve received a huge windfall.
Again, it’s interesting that many modern conservatives think that any domestic spending by a government is inherently wasteful, but don’t even bother to wonder if the trillions we spent in Iraq were well spent. Did you ever stop to wonder if the contractors who got no-bid contracts there actually did the work they were paid to do? By the way, how ARE we paying for all those contracts we’ve been giving out?
David,
I think there is a possibility that you havent done your homework. I worked in Mortgage Lending for many years. It was disgraceful how they would pass out loans. They were required by LAW to fill in a form that outlined certain items about a borrower. One was race. The Bank was required to have a percentage of loans that went to that particular group. If they did not have enough, they would have to lower their lending requirements for those persons trying to borrow money in order to meet their quota’s. Kinda sounds like the school enrollment practices doesnt it. Well, at least with schools, it isn’t the nations financial health at risk.
Whether you think it is the case or not, it is fact. Once loans were given to people that should not have had a mortgage because they were not financially able to pay it back, what do you think happened to the banks reserves when these people just stopped paying? So yes David, it has everything to do with it.
david? Whatsa matta? Truth got yer tongue?
Gary, you’re quickly becoming one of my favorite writers on BH. I adored Alien Nation, and since leftist is the default position for many actors, I was stunned that not only were you not a leftist, you actually think for yourself!
In any event, I greatly enjoyed this piece. I’m getting the same feeling I got last year when I was shopping for a new car. Someone pressures me, I put the brakes on. You just gotta wonder. . .why? What’s in it for them? More than that, what’s in it for me? More likely than not, there’s nothing in it for the ‘buyer,’ except heartbreak. No, thanks. I’ll pass on the ‘hope and change.’
Why is it that the people who think that money for golf courses, water slides, ACORN, the NEA and other unions, along with paying for abortions in foreign countries, creating electronic medical records files, as well as a new bureaucracy – the National Coordinator of Health Information Technology, and giving tax credits to people who do not work, will somehow “trickle-up (or down)” to stimulate the American economy, are the very same people who say that cutting taxes for working people, businesses, and cutting capitol gains taxes will not “trickle-down.” The simple truth is that the more money that citizens have in their pockets, the more they will spend. Confiscate a large part of their earnings in taxes and the American public will just quit buying.
And why is it that Obama thinks that by continually and hatefully excoriating President George Bush (after he, Laura, and their daughters were was so gracious to Obama and his family), along with the Republicans and their followers, he will create an atmosphere of bipartisanship?
Obama is a vindictive, arrogant P I S S ant.
“What you sow, so shall ye reap.”
Gary,
You’re article really nailed it. The hope and change candidate has morphed into the whining, it’s all Bush’s fault, sky is falling president.
Poised and articulate…you bet. But it can’t mask the fact the just as he said that knowing when human life began was above his pay grade, so is the office of the presidency. Underneath it all he’s nothing more than a shady snake oil salesman.
Excellent piece Gary. Ever hear of the Cloward-Piven Strategy? A friend informed me months ago. Check out:
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html
Pithy overview: Control freaks will say and do whatever it takes to seize and exercise power. It’s all very benevolent of course.
http://allanerickson.wordpress.com/2009/01/13/the-pursuit-of-perfection-in-law-and-politics/
springing up to take advantage of that. THAT’S why T. Boone Pickens has been piping up about that.
Titov – February 10th, 2009 at 2:37 pm
Hey Gary, if we’re talking about how it’s deeply wrong to spend money we don’t have, riddle me this:
How, EXACTLY, have we been paying for two major wars we’ve been fighting for nearly a decade? If you combine the spending increase that was needed to start the war in Afghanistan with the trillion dollar tax cut passed in 2001, it’s no wonder the record surplus became a record deficit.
You see, this is why it’s so hard to talk about economics with Liberals. Titov might be a troll, or he might just not understand (or want to hear) facts. He’s representative of a much bigger problem.
Titov, assuming you’re not a troll (so you actually want to have a discussion), the tax cuts didn’t “cost us” a trillion dollars. Despite a recession in 2001-2002 (one that was caused by the internet bubble bursting along with the drop in commerce due to 9/11), income into the treasury went up from 2001 – 2008. More money came in because the tax cuts allowed people to make more investments, which resulted in more money going into the general fund. It’s become a Democratic mantra that tax cuts equal less money, but it’s a phony one. There is a level where if you cut taxes too far, you’ll get less revenue, but we haven’t reached that point yet (as evidenced by higher tax revenue). It’s simple facts, and you can look them up. You can argue that a 1% or 5% increase wouldn’t slow the economy (so would result in even more revenue), but the comment that a tax cut is a net loss is just ignorance of the facts.
Reading r/w commentary about the stim bill, I’m reminded of something else: the joke about the thrice-married virgin. Specifically, the punch line where her third husband – an advertising exec – just sits on the edge of the bed telling her how good it’s going to be.
I’m not criticizing Gary Graham specifically, but it’s not enough to just identify a problem, since most people realize there’s a problem. You have to take it to the next step and suggest things that people can actually do.
Here’s my suggestion: Andrew Breitbart can offer $10,000 to the person who asks a national political leader a very difficult question about the stimulus plan.
For instance, he could come up with three questions and then offer the $10,000 to the person who gets the “best” response. Video of that can be put on his video site where hundreds of thousands or millions will see it.
Please note that I’m only talking about prosecutorial-style questions designed to reveal flaws in the plan and to reveal that those promoting it haven’t thought through its impacts. I’m not referring to the usual MSM puffballs or even questions that are sold as difficult. I’m talking about something like a lawyer would ask who really, really wanted to make someone look bad.
I’ll even help edit the questions for maximum effectiveness.
If you’ve got a second, write to this site and urge them to do something like this.
I saw Jon Stewart for 5 minutes last night (all I could stand) and he epitomized the ignorance that is going on due to the Obama-love. He ridiculed Republicans for opposing the stimulus package, even after airing the individual billions in pork that was being passed (calling the pork “spending,” which is the point of the bill….or so he claims). This is the guy who’s supposed to be the cynical voice of the common man? If Jon could get his tongue out of Obama’s ass long enough to let it dry, perhaps he’d notice that giving away billions of OUR tax money to projects that have no effect on the vast majority of the public (but greatly benefit the few who’ve partnered up with the Democrats in charge) is not stimulus, it’s stealing.
There was a time that political satire was used to point out the simple truths in issues….to keep both sides honest. Now it’s a throwaway joke for people who want their personal agenda to be put forward….no matter how inane. Stewart being the place where many young people get their news is disheartening since he’s obviously incapable of understanding anything that doesn’t make him feel good (or require a greater than 8th grade knowledge of economics and foreign affairs).
All of this reminds me of a few quotes:
“If you can’t be part of the solution, there is a lot of money to be made prolonging the problem.”
“Government: If you think the problems we create are bad, wait until you see our solutions!”
“More disputes have been solved by violence than by diplomacy.” (that’s for the WWII didn’t get us out of the depression crowd)
Anyone find it funny that the founding father’s said if the system they set up didn’t work, scrap it, but if you do, you’re a traitor?
The more I work, the more money I earn, the more I want to keep it, the more I want to decide how it’s spent, the more conservative my views become.
If it’s so important to spend this money, and you truly believe it, float the loan yourself!
DRG – February 10th, 2009 at 5:02 pm
“No, you’re not stupid.
Conservatives aren’t really stupid. Just very dumb.”
Aren’t you late for the “Socialist Recovery forum?”
Better hurry up and get along now — in fact they might just let you sign up early for the “Socialist of the Year Award,” and a free trip to visit Castro and Chavez.
Gary, you’re preaching to the choir. Hopefully we’ll be the one’s writing history. I love how the liberals keep saying Rebublicans are the one’s who ran up this deficit when it was they who passed the TARP bill. Typical lie that the Stewarts of the world will latch onto and repeat ad nauseum.
DRG, is your link a joke? Media Matters…seriously? Wow I had to delete a hole rant on Soros just now because I knew it would fall on deaf ears. Anyway, I guess he’ll have access to the White House now since he’s paid enough. If there’s one thing I like about Bill Clinton, it’s that he snubbed your little troll leader.
Could your posts contain anymore sanctimony DRG?
Obama has always reminded me of Larry “Lonesome” Rhodes, from A Face in the Crowd.
JD……….
BEVFROMNYC
Hate to burst your bubble but…
” where did all those American cars come from?” Most American cars are not made in America. Parts are made around the world and the final product is assembled in multiple countries. Besides, American cars are no longer the most sold
” Oh, and those coal miners in PA are really where?” Obama’s promise is to shutdown the coal industry in America
“Are those homes and big buildings being built manufactured somewhere else and shipped in?” No but 85% of the labor force who built in America during the last decade were illegal immigrants who did not pay taxes
“I shouldn’t have to mention our farms producing well, produce!” Yes, however South America, in particular Brazil, is now surpassing the American farmer. Ask the farmers who have been to Brazil.
So,what else do you think America is producing that the world wants?
I don’t understand it either. I just can’t fathom how so many people can think this guy is all that when he is just another politician. Just a politician with an agenda, like all the rest. Stop listening to him like he’s a gift from God and really listen to what he says. PEOPLE USE YOUR BRAINS!! This stimulus bill will not work, it is spending but it isn’t a targeted or focused approach to fixing or stimulating any of our issues. It will only delay and exacerbate our problems. There’s plenty of blame to go around, so we don’t need to hear all of the politician’s blaming everyone else. We need them to go to Washington and work for the people not their respective parties. It should be unconstitutional for them to spend this kind of money. Money we don’t have. In fact, no one ever tells us what we had to give to China and any other country lending us money in the way of collateral or what strings they have attached. And trust me, they are there, and none of us would vote for this bill if we knew what it was really going to cost us, beyond money. Yes we do need to do something to fix the crisis, but this bill is not it. IT WILL NOT WORK! Keep up the great work Gary, love to read your posts.
I believe the stimulus is being portrayed a “must have” because there are so many easter eggs embedded in it. Obama and Congress want to rush it through before anyone finds out.
Billions for community reinvestment (ACORN) New beaurocracies being created. A number of health care edicts like the elderly need to put up with old age and not expect extraordinary measures to provide relief (too expensive) Can you see this leading to rationing of medical care to those more worthy?
When these government entities are created, it is nearly impossible to dismantle them – even if they are corrupt of ineffective. Social Security is the largest example of this. It is nothing more than a ponsi scheme. The first people in get their money and more, the last ones to receive there money are left holding the bag. Any mention of this program being ineffective or unsustainable and its supporters brand you as being cruel and or a Nazi. I think that any government that gives you everything can take it ALL away in a heartbeat. Not a good position to be in.
On current figures, the US is having an unremarkable recession and a remarkable financial system meltdown.
With the stimulus bill, ask what (if any) of it will help the latter and if what is left would be sensible in an otherwise unremarkable recession.
As to the cause of the financial meltdown: yes the housing bubble in markets where officials controlled land use (Krugman’s Zoned Zone) was a major factor. In his Flatland, where the market was free to operate, there was no housing bubble. Yes, the undermining of lending standards was a factor.
But there were a whole lot of other factors as well (see here and here for good analyses).
“david – February 10th, 2009 at 1:57 pm
Gary- I agree 100%. You are stupid!
the old saw that bank failures were caused by banks being “forced” to give out bad housing loans is nuts.”
Admitting your ignorance is a fine thing. As a mortgage and banking professional I can tell you with certainty that the govt did in fact force or otherwise coerce banks into making bad loans through the CRA and the threat of fines for missing quotas. Literally BILLIONS of dollars of subprime loans were made.
Theres plenty of blame to go around, but the govt forced the pigs to the trough and now is trying to blame the pigs for feeding at it.
You give billions in poorly secured loans to people who are the most likely to be unable to repay them when the economy takes one of its inevitable downturns and are surprised this happens?
The availibility of this money drove up housng prices and created mythical values from which even more folks pulled money out of their homes. This house of cards was going to come down, Bush knew it and tried to get it under control at FNMA. So now you have homes that are worth less than the loans against them and on which the borrowers have no real incentive to repay.
And now billions of dollars of mortgage backed securities, securities which investors all over the world bought are worthless.
If you remove one factor from this scenario, the govts compulsion of lenders to make these loans, then there is no suprime meltdown.
What old saw are you using to explain this?
Paul(not Blart)…….shhhhhhhhhh, go back to sleep.
Another excellent column.
Via email to: Rep. Hall, Appointed Sen. for NY, Sen. Schumer, Pres. Obama
Washington DC
Dear Mr. and Mrs. Yertle:
I am concerned that the manner in which the federal government is operating is eerily like how the Krupps munitions factory was still billing the Nazi’s – after Hitler committed suicide. Benjamin Franklin once remarked that the definition of insanity is doing the same thing, and expecting different results. The congress has passed bailouts, and rescues, and soon a, stimulus package, all in an empty effort to save the Republic from the financial malfeasance of governments small and large. If they failed to work in the past what reason do you believe that they will work in the future? It appears to me that the solution is obvious. Forgetting financial reality for a moment. In a given year the US economy generates 10 to 15 trillion dollars. I say why wait for the year to pass. Next time all of you are at your respective posts pass a bill to print $12.5 Trillion and disperse it. At least that way we will all know who is getting the money.
Obviously, however enticing, this idea is absurd. Is it any more so than one insolvent institution, the US Government ($2 Trillion running deficit, $12 Trillion in debt), giving another insolvent institution, US Banks(Bloomberg news service reports $4-$5 Trillion required to re-capitalize them, at the current rate of loss), money it does not have anything to back it other than more debt, and a beaten up taxpayer? With ink so fresh on the bonds that the Communist Chinese government has yet to collect the interest on it? I fail to see the wisdom in how creating a smaller hole in one spot, and a bigger hole in another will ever do any of us any good. This philosophy has not worked in the past and it will not work in the future. The evil economic stew we are cooking has been brewed before, and it will taste just as bitter this time.
When Ronald Reagan took the reigns of this nation in 1981 we were in far worse shape than we are in today, a large portion of our military qualified for poverty assistance, a business owner could not breathe without the governments permission, inflation was sky high, unemployment at double digits. Unless we do the right thing now we will be there again, rapidly. Our economic problems today are manufactured by our own fiscal malfeasance – there is no shortage of food, energy, labor, or capital. What we have too much of is the heavy hand of government deciding who gets what, how much, and when via a complex set of regulations and tax policy. President Reagan, to the largest extent possible, ended that madness, and while the 80’s were no picnic, that decade created 20,000,000 new jobs, strengthened this nation so we could carry on in the future, and we brought most of the world with us as a lucky strike extra. The economic lesson of the 80’s is that freedom and economic liberty are viral, and the only antidote for it is big government – this is something we have forgotten or chosen to ignore. Up to now President Obamas rhetoric has been the antithesis of this pro growth philosophy. Mr. Obama thinks that a combination of targeted tax cuts, welfare, and government make work projects are the cure for our ills. To do this Mr. Obama will need more bureaucrats, and add more legal and fiscal complexity to meet his goals. I reject this economic cure and its implementation. Remember, what the government gives to one it must take from another. How does the government know that the capital or wealth it is redistributing will not be used for a much wiser purpose then the one it has ordained? It doesn’t. Like an alcoholic in a bar, the government drinks without accountability, and spends the monthly mortgage payment on whiskey without forethought, and hurts everyone it claims to care about. Remember these thoughts as create the next seemingly free government give away; someone has to pay for it, that someone will be our children, their payment will either be in gold or blood.
This insanity of printing, borrowing, and misallocation of capital must stop. No country on earth has ever borrowed, spent or taxed it’s way to recovery, let alone prosperity. War and Depression? Absolutely. If this economic cancer is allowed to metastasize we will once again be pushed as a nation into a choice of not whether we should or should not do something, but whether or not we can. The “stimulus package” legislation all of you are considering is nothing more than economic suicide.
Gary,
Why do we need to spend more money to get out of dept??
Why not stimulate the economy by 1) cutting spending 2) cutting what is taken out of workers checks.
Cut the taxes you pay by 50% in 2009 and 25% in 2010 then back to what it is now. Then we won’t have to borrow money, the gov’t will just earn less off of the workers. Cut spending by the same amounts. That will stimulate spending.
Next, the start of the economic down turn was when prices at the pump went from $1.50 to $2.00 then $3.00 then $4.00. People that could barely afford the house they just purchased, found themselves forking out more money for fuel. Along with the increased price for gas came high costs on goods because of fuel.
People that were thinking of purchasing a house now are scared because fuel can double or triple again. If that happens then they cannot afford the new house payment. I agree there were some bad loans but that was not the only cause of the housing problem.
We have seen the gas prices jump and now people don’t want to over extend themselves in case it jumps again.
We need alternative solutions to keep that price down. If we cannot get a handle on fuel the economy cannot recover. Every step forward we take, the oil companies will raise the price making us take two steps back.
Let’s look at the causes, the proposed solutions, and the upcoming crises which have been left in the shadows.
Housing: We saw that a number of banks reduced their lending criteria, primarily because they were pressured by the Federal Government to prove they weren’t being racists (Not enough minorities borrowing money? Then you don’t get to expand or you get placed on the list for ‘non-compliance’, which results in large monetary fines.)
You had lenders then giving out money to those who either had poor credit, no stable employment, or not even citizens of the US. As long as the application had the right boxes checked, the banks were not going to challenge the applicants. That gave rise to real estate speculation. People who tried to play the real estate ‘flip’ game, and got the banks to lend out the money because of the loosening of credit standards. Applications for multiple properties were made and presented to lenders. If the property was in the ‘right’ neighborhood and the borrower fir the ‘right’ criteria, the deal was done.
Now, what to do about these obviously bad loans? Never fear said Rahm Emmanuel, Tim Johnson, Franklin Raines and Jamie Gorelick (Familiar names, no?), we’ll approve the issuing of ’securities’ to back these loans…You are ‘off the hook, since the Federal Government is fulling backing them. (Which is a lie, but of coirse, we found that out too late.)
What happened once the cycle of increasing selling prices, and lending money to bad risks hit the wall of increased interest rates? Boom…Fannie Mae and Freddie Mac’s ‘full backed securities’ were as valuable as a roll of Charmin. (I won’t say as useful…at least the Charmin fulfills its original function.)
Now Emmanuel, Raines et al, are no longer in charge of the entities which created these instruments. They all got hefty bonuses and salaries, and dropped out before the discovery that Freddie Mac and Fannie Mae income and assets were ‘Charmined’.
Foreclosures, forfeitures and flatlined income statements for the banks that made or purchased these loans and purchased the ’securities’. Citgroup and other entities which got into this market, suddenly found that they had bought into a scam. Thanks to the ‘brilliance’ of people like Robert Rubin, and the failure of banking regulators like Geithner to oversee and halt the folly of lending to so many people who were unqualified; we had this mess. Add in politicians like Barney Frank, who like Sgt Schultz ‘I SEE NOTHING..NOTHING’, and it became a key political football, except that Frank was Lucy holding the football for Republicans to kick.
So what to do about the losses? Well the ’smart’ thing was to not actually take control of the source of the problem: Fannie/Freddie and restore adeuate credit standards..Nope..the ’solution’ was to give the banks which made the worst choices a half billion dollars now…Then figure out what to do with another half billion later.
Obama gets Geithner…the guy who couldn’t keep Citigroup from stepping off the cliff…to be in charge of the ‘bailout’. Well, Citigroup and the major east Coast players have already gotten their money, so it’s up to Timmy to find a way to give them more while starving the smaller banks which weren’t as stupid.
So Timmy wants another one or two billion. He’s not quite sure of the details, but hey…it’s worked out so well so far. Bob Rubin got out OK, and that’s the most important thing. Now Bob can be another financial advisor to Obama.
What’s the upcoming crises? Well, we just found out that Obama has not only stopped further oil exploration in the West, he’s stopped it off the US coast. Now, wasn’t part of our problems started by the rise (and IMHO believe it was primarily driven by speculation, rather than simple demand and supply) of oil prices? Obama bemoaned the cost of oil, but now he wants to stop further exploration. What will that now do to oil prices in both the short and long run? Windmills, solar panels and weatherstripping homes won’t reduce energy costs significantly. Coal is off the table as it is an industry that Obama has vowed to make financially unviable. Is this just a way to bail out Hugo Chavez?
Well, I guess you have to help your Socialist brothers, eh Comrade?
With out a doubt there is blame enough to go around both sides of the aisle for the current mess the economy is in. Republicans spent like drunken sailors when they had the helm, and refused to stand on principles they didn’t. At the same time, Democrats refused to reign in social programs or allow adequate oversight of questionable and/or financially risky programs when they were at the helm. They just took it a step further by not having open debate about the merits of more oversight, and simply through it the winds of dramatic showmanship by claiming that any questioning of the operations of Fannie Mae and Freddie Mac were just Republican racist agendas to keep minorities out of homes. (Google Barney Frank, Oversight, and Racism and see what you get)
Regardless of what happened over the last 8 years, we must deal with today. As a conservative, I am glad at least most of the Republicans seem to realize that their actions are not in line with the views of their constituency, and at least for the moment appear to be returning to a semblance of their conservative principles, we’ll see. Simply put, the crappy actions of one party in the past does not automatically make the current party correct. Spending like drunken sailors whether Republican or Democrat has never been and never will be good for this country. While some will shout how George Bush got us into this, the fact is that in terms of spending at the moment, President Obama is Bush to the 10th power. If Bush’s policies of the last 8 years were a failure, then why continue them? So far the only policy changes that Obama has made are social ones. Everything else has been more of the same which is spend spend spend. Additionally, I do take offense that Obama tries to play both sides for the middle. He claims to be bi-partisan and calls some Republicans to the White House to talk about the spending bill. How useful is that if Nancy Pelosi is writing the bill? “Nice to see you Mr.President, but what is there to talk about? You’re not actually writing anything, and Speaker Pelosi refuses to let anyone but her special group have access or input to the bill.” Is it any wonder that all the Republicans and 11 Democrats voted against the House bill? At the same time he sings about bi-partisanship and about putting the past behind, he lobs insults and blames at a President no longer in office to stoke up the members of his party. He shouts out how there is 0 pork in this bill, yet one fatty morsel after another is found in the bill.
If you want transparency and accountability, then here’s how you do it.
1) The tax filings of all members of Congress and the cabinet will be reviewed by an independent auditor to verify that all members are in compliance with the tax laws of the United States. Any member who is not in compliance will be forced to pay the principle sum and the same interests and penalties that any other citizen would pay. Additionally their name will be listed on a national website for Government tax cheats so their constituents will be aware of it. Republican and Democrat alike, none is above approach and the ethics of the Government must change.
2) Full disclosure of all private business interests as it applies to members of Congress and the Cabinet with 0 tolerance policies that forbid such peoples from participating in any debate, legislation, or policy discussion of any areas that present a conflict of interest in light of those business interests. While this should exist already, the fact that Speaker Pelosi can be involved in renewable energy policy while having business interests wrapped up in renewable energy firms is the highest form of hypocracy. This goes for both sides. If a Republican owns stock in an oil company, they don’t get to work on energy policy.
3. There will be absolutely no private transportation at tax payer expense for any member of the government beyond that of the President and Vice President. That means Speaker Pelosi, you and your security detail can fly business class like the rest of the population. While the Big 3 may have been asking for loans from me, your full time salary is paid by me, and I don’t think that having your own jet fly you to and from Washington is the wisest use of my funds. That goes for any other Republican or Democrat who also abuse the public’s trust and funds.
4. There will be no more burying of non-related items within other bills. If this nation wants socialized healthcare or any other sweeping reform, then write a seperate bill and debate it in the light of day. Don’t simply hide your dirty laundry within a larger dung heap of a bill.
5. Break down and publicize bills in the simplest terms with accurate cited data. If spending 1 trillion dollars is necessary, then it shouldn’t take 800 pages to communicate it the public. There should simply be how much is being spent, where is it being spent, and what data supports that amount and the projected returns for that spending. Instead we are given 800 pages of a legal document that few can understand without an attorney proofing it first, and absolutely nothing indicates where amounts and projections derive from. If I go to my local bank and ask for a startup loan for a new business, I don’t get to walk in and say, “I need $200,000″ without detailing exactly how I came up with that number, where I am going to spend each dime of that money, or what data is my profit forecast made on. Now if my local bank won’t give me a startup loan without that, why should the American people fork up a trillion dollar loan without the same information?
6) Lead by example, NO EXCEPTIONS. If you are going to be bi-partisan, then make sure everyone under you does the same. If you are going to say “No lobbyists in my Administration.” then don’t allow a single one in. If you say, “Nobody is above the law”, then push for the ethics investigations of those who have broken the law yet seem to continue on in Congress without repercushions (and yes I mean Rangel for starters). If you are going to be a serious President, then don’t accept softball questions like, “What do you think about A-rod’s steroids scandal?”. Stand up and say that steroid use among professional athletes while deplorable is not the biggest issue facing this country at the moment and that you think it important we stick to the larger issues at hand and leave steroid use among athletes to the proper authorities to deal with according to the laws of this nation.
7) Respect your limits of authority. Ultimately you answer to the people of this nation. You are not a King, nor are the members of Congress. There will be no royal decrees that sweep away the foundations of this country. At the end of the day we have the right and the power to say that we don’t agree with your vision and that we will not abide by it. Just as we can choose to agree and go along.
Look around you idiots, how many prosperous countries got there by government spending. China sure as hell didn’t, they had every Western country on the planet falling all over each to “invest” and build manufacturing in the country. What will happen when that plays out. They’ll fall back into a Cuba and Russia mode. They can’t spend themselves into super power status.
What will we get for our $1,000,000,000,000? Maybe 300,000 make work jobs. Do the math. Instead of a million fat cat corporate types, we’ll have a million government fat cats doling out billions of dollars and I’m sure they won’t gain any advantage for that. Nah! That only happens in socialist and communist countries. Oh crap, that’s where we’re headed.
The stock market must be stupid too cause it isn’t happy about this seduction of insanity either.
Anyone familiar with :
“Rep. Walt Minnick, a freshman Democrat from Idaho, is pushing a better idea: The Strategic Targeted American Recovery and Transition Act (START).”
http://politics.upnorthmommy.com/2009/02/a-better-stimulus-bill/
[...] be all Big Hollywood today I [...]
Hey, liberals. Are you really advocating for this spending bill. You really think congress should get together and give money to their pet causes and cronies however they see fit? If you do then nobody wants your philosophy. I don’t like liberalism, but look even I don’t think it means this. Really, you’re just going to defend your guy over having the peoples’ needs directly met. Even I thought you all had more integrity than that.
[...] 19 year old being pressured to buy a VW bug. Gary’s amusing but disturbing perspective on the stimulus bill re-affirms a feeling I have had, going back to George Bush. When the law-breaking immagrant bill [...]
FUN FACT: the Oxford English Dictionary’s first citation for “capital” is 1611, but “capitalist” doesn’t turn up until 1792, and “capitalism” had to wait until 1854.
Yup. The Marxists first derided this system as “capitalism” in order to drive a wedge between political and economic freedom, in order to later destroy the second en route to destroying the first. What people don’t know is that the original description of the social system now called “capitalism” was simply “the system of natural liberty“.
Capitalism IS freedom; they cannot be separated. A politically free society is economically capitalist; a non-capitalist society is not free.
Mike – February 11th, 2009 at 11:27 am
I love how republicans distort who was in charge the last 2 years of Congress! The split was 51-49 and the Republicans used the filibuster for everything that the Dems brought fourth knowing they didnt have to votes so save us all the tired arguments about who was in charge and who brought us to where we are now.
Wow, thanks for the insight Mike. I had no idea there were only 100 people in Congress.
The Republicans used the filibuster for “everything” the Democrats brought fourth, huh? Gee, it’s a shame there isn’t some magic tome we could investigate to find out the number of times a filibuster was used in that two year period. If only our ancestors kept records….
I guess the Dems never blocked any Republican legislation (or say Judicial nominees?) in the previous 6 years, huh? I guess if they did then what you’re saying is, Liberals can’t blame Conservatives for anything that happened under Bush. Wow, good post!
Stupid People Unite!!
How come when I run out of money I have to cut my spending but to fix this mess the Goverment of the People have to spend next years 52 paychecks today?
Gary, I am really enjoying your commentary. Keep it up! This is good stuff.
This column should be required reading for all Democrats, it should be on every Congressman and Senator’s desk tomorrow morning stamped (URGENT, READ IMMEDIATELY!!!!!)
You should not be writing seriously about this stuff….we already have clowns like Bill Orielly and Rush limbaugh to put this backward and circular logic into the minds of the sheeple…..
cmon man…get real
I think it is time to impeach Obama for all the promises he made before election and all the actions he has take after. The people have been bought by a pretty face, charming words and the promise of change. We just did not know or care what that change was until we saw it.
Matt,
The problem predates Bush. When we let the Dems slander Gingritch with the fabricated scandal instead of sticking to our guns. We went into Communism Light mode. We started promising people we give them the same versions of government spending programs but not as intrusive and not as expensive. Whenever we had a real conservative stance we let the Rino's in the party defect and get rid of it. No discipline!
The private SSN acounts is a great example. The claim that SSN is ruined if people get to keep a portion of their money is cmplete rubbish. For a while we have had a surplus in the pension payments for SSN over the amount to be paid in. (I think we still do but not for long). Congress has put that money in the General Treasury and spending it defending it with "Pay as you go". Removing 5% of the collections to put money in an account for each taxpayer does not harm SSN in the least. It harms whatever other pet projects in the general fund they were spending it on.
When you are the captain on a ship in the storm and you fail to close the hatches, and you fail to lower the sails, and you fail to steer the bow into the wind, then you are responsible for the ship sinking. It's absurd to blame it on the wind. The wind is a given thing. It should be taken into account.
People will act in their own interests. The entire free market economy is built upon that principle. If you tempt people and banks with cheap credit and fail to impose proper criteria, you will create a bubble. You will be responsible for this. It's disingenuous to blame greed as the root cause of the crisis. Greed is a given thing. It should be taken into account.
Hey Gary, you posted such a strong thesis I became excited with the big news. You’re not insane buddy, relax, we’re talking $13.00 a week, WOW! If I had known, I would have been for the Bambsters stimulus from the beginning, shoot I think they should double that puppy for a whole $26.00 per week. So everyone be cool our problems have been solved. This Barry, he’s one slick cat, he’s going to do for America what he’s done for the hood, WOW!
Thank you, Paul, for your heartfelt comments. You might not want to bring up phrases like 'make sense' though. You wouldn't recognize 'sense', common or otherwise, if it was shoved two feet up your arse. Please do keep up the attacks, however. We conservatives wear comments from miscreant Luddites such as yourself as badges of honor.
Mike — I'm not a journalist, nor did I ever claim to be. This is just one man's opinion, take it or leave it.
Hey, Wolfie! Ha! THANK YOU, man, for mentioning me in the same breath with Sgt. O'Reilly and the Rushbo!
I am honored — beyond my capacity to express it!
But… You want to talk about 'sheeple'…you schmucks slobbering all over Obama…YOU guys are the real circus. Us clowns…well, we'll just struggle along… laughing at you.
Forrest! PLEASE keep weighing in! I love your input! i may not agree with all your precepts, but at least you reasearch stuff, and even we conservatives make a mistake every now and then. I actually made a mistake once. It was back in nineteen-seventy… lol. Thanks for keeping us on our toes. — GG
Mr. Reardon — Give my regards to Dagny!
Des,
Well played….
*golf clap*
It's clear that this billion-dollar stimulus bill is good news from some people and not such good new for others. We can call these people Crazy Ann and Bert, respectively. Here's there story:
http://theopenend.com/2009/03/12/a-tale-of-two-ho...
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Banks were encouraged by dems to give up loans to people with bad credit. Much of the failed loans were given to illegals and blacks. Fannie and Freddie were encouraged by democrats to continue the enabling and false guarantees of sub-prime loans.
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