Conservative Political Commentary

...anti-socialist, anti-globalist, and usually with an attempt at historical and economic context

Saturday, September 9, 2017

National Day of Remembrance for Aborted Children

Tuesday, June 15, 2010

Rewarding Irresponsibility by Propping Up Failing Government Officials

Official presidential portrait of Barack Obama...Image via Wikipedia
President Barack Obama has sent a letter to Democratic leaders in Congress, asking for a $50 billion bailout of state and local governments, which would supposedly “save” the jobs of teachers, police officers, and firefighters. Pat Buchanan rightly pegs this as a “bailout of the political class,” who, Obama apparently thinks, should not have to be bothered with the task of balancing their own budgets. [1]

While Steny Hoyer did not appear enthusiastic about the idea, citing “spending fatigue,” it still might have a chance in Congress. Obama says this plan is going to support economic recovery. [2]

About all it would do is reward irresponsible behavior on the part of state officials who seem unable to understand that a state cannot continue having more outgo than revenue without facing the need to cut spending or collect more in taxes. This illustrates Obama’s full embrace of socialism. This bailout creates unjust taxpayer obligations to pay for politicians’ big mistakes, just as they paid for banks’ and auto companies’ big mistakes.

Recovery is not helped, because, just as was the case with the $787 billion-plus “stimulus,” private-sector job creation was all but missing. A strong recovery requires increased private-sector economic activity. But the Administration is against the private sector, considering each company, in the words of Lew Rockwell, “a bird to be plucked.”

Buchanan points out the following:

Obama is calling for a taxpayer rescue of the political class to which he belongs, to spare it the painful duty tens of thousands of business executives have had to perform. Private employees — 25 million of whom are out of work, underemployed or have given up looking for jobs — may be expendable, but government workers are not.

Bailouts are a bad idea, period. As a taxpayer in Texas, I don’t want to pay for California government officials’ mistakes. Besides that, there would be no corrective measures to prevent this type of “crisis” in the future. Just spend all you want on dumb projects like regulating everyone’s thermostat, and thinking up new restrictions on automobiles, TV’s, etc., teaching school children to hate Christianity but love Islam, etc., ad nauseum. Pay for it yourself, I’m not interested. What principles are violated here? Among others:

1. The private sector is the engine of the economy, not government. Bailouts of government remove money from private sector investment.
2. Bad behavior should not be rewarded.
3. If a company or nation or state government fails, let it fail. This will discourage others from making their mistakes. Otherwise, everyone expects a bailout when a financial crisis hits. Markets will recover if government doesn’t meddle and manipulate.

It’s time we recognized, as someone has suggested, that this Administration itself is a special interest that mainly acts in its own behalf and for its own benefit. They pay off political supporters, and decimate the private sector. Their goal is increased government power and a fascist-socialist political and social structure.

I hope Mr. Hoyer and his colleagues will stop this mistake before it starts. But more of Obama’s rewards for bad behavior are sure to follow.

[1] Investors Business Daily Editorials, “Buoying Bureaucracy,” 06/14/2010.

[2] Patrick J. Buchanan, “Bailouts for the Political Class?” 06/14/2010, The American Conservative.

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Thursday, June 10, 2010

Memo to Israelis, Britons, and My Fellow Americans: Obama Is Not Your Friend

President Barack Obama heads the most sinister, cynical and destructive administration in American history. Less than two years in, that’s saying something. Obama is much worse than Woodrow Wilson, FDR, or Jimmy Carter. He’s the head of an administration that’s fiscally irresponsible, inept in domestic and foreign policy, and is aggressively and purposefully impoverishing America. Obama himself is a strutting peacock with nothing to strut about except getting elected. His “community organizer” approach reflects his adopted Chicago thug approach to politics. He is thin-skinned, and usually angry.

He is a very weak president who thinks he can talk tough and thus look tough. With his “a** kicking” comment, he only looks crude and unpresidential.

Obama is destroying the American economy. He ridiculously boasts that his “unpopular” policies have stopped the economic freefall, when in fact his policies have prolonged and worsened the recession. In 2011, we will in all likelihood have a second dip. The Bush tax cuts will expire, the new Obamacare taxes will hit with force. This will increase unemployment, which is near Depression levels now. Businesses will lose even more incentive to expand and hire.

Economist Arthur Laffer, in a Wall Street Journal op-ed (brought to my attention when discussed by Mark Belling on the Rush Limbaugh Show 06/10/2010), notes that because of tax increases, businesses and investors are front-loading their income to the extent possible to record it in 2010 instead of 2011. Also, people can cash in their IRAs and deferred income accounts and roll them into Roth IRA’s to avoid the higher 2011 rates. [1]

Laffer writes, “The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment have been bad lately, you ain't seen nothing yet.”
[2]

Obama wants to redistribute wealth and income, and his economic policies are geared toward that. He wants to grow government and already, the “growth” of jobs seen recently is overwhelmingly government jobs. Obama opposes the private sector except the portion he is running. He is greatly more interested in advancing his fascist-socialist-communist agenda than in improving economic conditions in America. Otherwise, he would not even be thinking about the objectively stupid cap and trade bill.

Obama is weakening America in the international arena. He cozies up to America’s enemies, e.g., Iran and Syria, while disrespecting our strongest and best traditional allies, Britain and Israel.

Nile Gardiner’s April 26 article in the U.K. Telegraph lists Obama’s top ten insults against Israel, including these:

“1. Obama’s humiliation of Benjamin Netanyahu at the White House …
2. Engaging Iran when Tehran threatens a nuclear holocaust against Israel …
3. Drawing a parallel between Jewish suffering in the Holocaust with the current plight of the Palestinians ….” [3]

Gardiner quotes his own previous article, in which he wrote

In the space of just over a year, Barack Obama has managed to significantly damage relations with America’s two closest friends, while currying favour with practically every monstrous dictatorship on the face of the earth…

The Obama presidency is causing immense damage to America’s standing in the free world, while projecting an image of weakness in front of hostile regimes. Its treatment of both Israel and Britain is an insult and a disgrace, and a grim reflection of an unbelievably crass and insensitive foreign policy that significantly undermines the US national interest….


In a March 1, 2010 article, Gardiner listed Obama’s top ten insults against Britain, including these:
“1. Declaration of neutrality over the Falklands…
2. Downgrading of the special relationship…
3. Support for a federal Europe….” [4]

Adding insult to injury, on June 9, in the wake of the Gaza flotilla incident, Obama announced a $400 million aid package for Gaza and the West Bank, [5] putting money in the hands of Hamas terrorists (they are in charge of Gaza) while having strongly criticized Israel’s enforcement of a blockade believed necessary for prevention of weapons smuggling to Gaza. Obama apparently thinks that if these Turkish thugs attack the Israeli personnel, they should not have the right to fight back. Totally wrong, yet so typical of this pathetic administration’s way of viewing things.

I truly thought Obama would have handled the Gulf of Mexico oil spill with much more competence. Even though he can’t stop the flow or clean up the ocean, he could have sent competent oil-spill experts to the Gulf, instead of lawyers. He could have granted Gov. Jindal’s request quickly, and he could have waited until there was some successful clean-up before threatening BP with criminal punishment. And, to highlight the most ridiculous aspect of the government’s response, Obama has put many people out of work through a useless moratorium on off-shore drilling, then has the gall to demand (through Interior Secretary Ken Salazar) that BP pay the salaries of those idled by the moratorium order. [6] Some nerve, eh?

One may hope the predictions hold up and many Democrats will be voted out of Congress this fall. With Republican majorities, Congress can defund if not repeal much of Obama’s program.


[1] Arthur Laffer, “Tax Hikes and the 2011 Economic Collapse,” 06/06/2010, The Wall Street Journal online.


[2] Ibid.

[3] Nile Gardiner, “Barack Obama’s top ten insults against Israel,” 04/26/2010, Telegraph.co.uk.


[4] Nile Gardiner, “Barack Obama’s top ten insults against Britain,” 03/01/2010, Telegraph.co.uk.


[5] Harriet Sherwood, “Barack Obama announces $400m aid package to Gaza and West Bank,” 06/09/2010, Guardian.co.uk.


[6] Jennifer Dlouhy, “Salazar wants BP to pay unemployed drilling workers,” 06/09/2010, blogs.chron.com.

Photo: Dreamstime.com (detail)