Category Archive 'Recovery'
29 Jan 2009
Rush Limbaugh offers a bipartisan stimulus package idea. Rush’s proposal isn’t perfect, but it certainly makes a great deal more sense than Obama’s.
There’s a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they’re left alone. What can make the recession worse is the wrong kind of government intervention.
I believe the wrong kind is precisely what President Barack Obama has proposed….
Yes, elections have consequences. But where’s the bipartisanship, Mr. Obama? This does not have to be a divisive issue. My proposal is a genuine compromise.
Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let’s say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion — $486 billion — will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% — $414 billion — will be directed toward tax cuts, as determined by me.
Then we compare. We see which stimulus actually works. This is bipartisanship! It would satisfy the American people’s wishes, as polls currently note; and it would also serve as a measurable test as to which approach best stimulates job growth.
I say, cut the U.S. corporate tax rate — at 35%, among the highest of all industrialized nations — in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow. There’s no reason to tell the American people their future is bleak. There’s no reason, as the administration is doing, to depress their hopes. There’s no reason to insist that recovery can’t happen quickly, because it can.
As a side note, this editorial makes it clear that Rush Limbaugh has become the main conservative source of leadership for the Republican Party.
12 Mar 2008
In the Village Voice, no less, playwright David Mamet recounts finding himself responding to NPR’s liberal rants with profanity, and coming to the shocking realization that he had become conservative.
I took the liberal view for many decades, but I believe I have changed my mind.
As a child of the ’60s, I accepted as an article of faith that government is corrupt, that business is exploitative, and that people are generally good at heart.
These cherished precepts had, over the years, become ingrained as increasingly impracticable prejudices. Why do I say impracticable? Because although I still held these beliefs, I no longer applied them in my life. How do I know? My wife informed me. We were riding along and listening to NPR. I felt my facial muscles tightening, and the words beginning to form in my mind: Shut the fuck up. “?” she prompted. And her terse, elegant summation, as always, awakened me to a deeper truth: I had been listening to NPR and reading various organs of national opinion for years, wonder and rage contending for pride of place. Further: I found I had beenâ€”rather charmingly, I thoughtâ€”referring to myself for years as “a brain-dead liberal,” and to NPR as “National Palestinian Radio.”
This is, to me, the synthesis of this worldview with which I now found myself disenchanted: that everything is always wrong.
But in my life, a brief review revealed, everything was not always wrong, and neither was nor is always wrong in the community in which I live, or in my country. Further, it was not always wrong in previous communities in which I lived, and among the various and mobile classes of which I was at various times a part.
And, I wondered, how could I have spent decades thinking that I thought everything was always wrong at the same time that I thought I thought that people were basically good at heart? Which was it? I began to question what I actually thought and found that I do not think that people are basically good at heart; indeed, that view of human nature has both prompted and informed my writing for the last 40 years. I think that people, in circumstances of stress, can behave like swine, and that this, indeed, is not only a fit subject, but the only subject, of drama.
Read the whole thing.
11 Mar 2008
The Wall Street Journal rejoices that the liberal Seth Grahame-Smith, writing in the Huffington Post, is showing signs of recognizing the fact that we were always dead right about the Clintons, the first step in the Recovery Program converting liberals into neocons.
She has no idea how many times I defended her. How many right-leaning friends and relatives I battled with. How many times I played down her shady business deals and penchant for scandals. . . . She has no idea how frequently I dismissed her husband’s serial adultery as an unfortunate trait of an otherwise brilliant man. For sixteen years, I was a proud soldier in the legion of ‘Clinton apologists’. . . . And then she ran for president. She’s proven that she cares more about ‘Hillary’ than ‘unity.’ More about defeating Obama than defeating the Republicans. She’s become a political suicide-bomber, happy to blow herself to bits — as long as she takes everyone else with her. On Friday, one of Barack Obama’s foreign policy advisors, Samantha Power, resigned after calling Senator Clinton ‘a monster’ during an off-the-record exchange. It was an unfortunate slip, but one that echoed the sentiments of many Clinton apologists like me — who’ve watched Hillary’s descent into pettiness and fear-mongering with the heartbreak of a child who grows up to realize that his beloved mother has been a terrible person all along. Are the conservatives right about the Clintons? Will they do and say anything to get elected? I don’t know. All I know is . . . I’m through apologizing.