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Archive for March 6th, 2009

Wall Street Journal on Obama’s policies:

New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president’s budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.

This is important, so I’ll post this again:

“A government that robs Peter to pay Paul
can always depend on the support of Paul.”

– George Bernard Shaw

Got that?

A VOTING MAJORITY WITH NO STAKE IN CONTROLLING THE COST OF GENERAL GOVERNMENT.

This should make you feel queasy.  Essentially we’ll be turning an additional 12% of us into members of congress, or something close in terms of ideology, which is to hell with those paying the taxes, we are getting ours.

Moving on.  I would highlight certain parts of the next quote but there’s no one part more important than another… it is all terribly vital.

Unfortunately, our history suggests new government programs, however noble the intent, more often wind up delivering less, more slowly, at far higher cost than projected, with potentially damaging unintended consequences. The most recent case, of course, was the government’s meddling in the housing market to bring home ownership to low-income families, which became a prime cause of the current economic and financial disaster.

But, since the aura around Obama is still rainbows, unicorns, and puppies, the law of unintended consequences will be ignored yet again.  Delivering less, more slowly, and with more indirect damage than ever before, into the breach we will ride.

HTOVWOFY?

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How is your free speech these days?

According to Martin, an unidentified “senior White House aide” has been given the responsibility of “helping to guide the Limbaugh strategy,” a very scary thing indeed.

A political operative, based inside the White House, employed by the president of the United States and receiving a salary from the American taxpayer, goes to work every day to help direct a strategy against a broadcaster whose opinions are supposed to be covered by every protection the First Amendment can provide. To quote Shakespeare, “Something is rotten.”

Again, HTOVWOFY?

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Obama is hurting the DOW?  Whoa.

How about those policies?  RealClearPolitics:

And yet with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy. Four months after winning the election, six weeks after his swearing in, Obama has yet to unveil a plan to deal with the banking crisis.

What’s going on? “You never want a serious crisis to go to waste,” said Chief of Staff Rahm Emanuel. “This crisis provides the opportunity for us to do things that you could not do before.”

Things. Now we know what they are. The markets’ recent precipitous decline is a reaction not just to the absence of any plausible bank rescue plan, but also to the suspicion that Obama sees the continuing financial crisis as usefully creating the psychological conditions — the sense of crisis bordering on fear-itself panic — for enacting his “Big Bang” agenda to federalize and/or socialize health care, education and energy, the commanding heights of post-industrial society.

Yet again, HTOVWOFY?

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In keeping with unicorns, puppies, and rainbows, why choose substance over style?  Godhood must look good, after all.

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