You Make a Difference! Our mission and operations are funded entirely by Patriots like you! Please support the 2024 Year-End Campaign now.

December 11, 2008

Bailout Generation

For eight years, Democrats have hurled all manner of criticism at President Bush. Some of the heat was well deserved, some was not.

Either way, it is about to be their turn to be held to the standards they held for Bush – and they are not prepared. I saw a taste of the future at the Democratic convention in Denver, when Sen. Debbie Stabenow, D-Mich., sat down with journalists to discuss the now President-elect Barack Obama’s economic plan. In light of an anticipated $482 billion deficit – how quaint that humble number seems today – I asked Stabenow, how can Obama propose a tax cut and more spending?

Her answer: “The first question is: How do you do a tax cut and fight a war, which is what George Bush did.” Funny thing. Stabenow seemed genuinely and completely oblivious to the fact that her nominee was campaigning daily on a platform that promised a tax cut for 95 percent of American families, while he pledged to beef up the U.S. presence in the war in Afghanistan. Sounds like a tax cut during a war to me.

And now, after Obama spent the silly season saying he would rescind the Bush tax cuts on families earning more than $250,000, Obama is rethinking the issue. Sunday he said on “Meet the Press,” “My economic team right now is examining, do we repeal that through legislation? Do we let it lapse so that, when the Bush tax cuts expire, they’re not renewed when it comes to wealthiest Americans? We don’t yet know what the best approach is going to be.”

That is, there could be a new tax cut and old tax cuts while America is fighting two wars – without Bush in the Oval Office.

It makes you wonder: Did Democrats not believe what they said on the campaign trail in 2008? Or did they believe what they said then, but they’ve moved away from their core beliefs because they’ll do anything and spend any amount of other people’s money to retain power?

They complained that Bush gave tax cuts to corporations. Now that they are in charge of Congress, Democrats are raiding the cookie jar so that they can toss cookies to favored industries. Note the proposed emergency credit line of $15 billion for Detroit’s Big Three. (Credit Bush, by the way, for insisting that the money come from an existing program.)

Blame Bush for the $700 billion bailout bill – which Sen. Majority Leader Harry Reid inflated by another $110 billion. Obama promised “change you can believe in.” Here it is: Earlier this year, Obama proposed a $50 billion stimulus package, which grew to $175 bil before Election Day. Now the proposed price tag is reported to be $700 billion – with well-wishers suggesting a $1 trillion package.

The bailout mentality is growing – as is the list of people who believe they should be recipients. It’s not just the auto companies who want to follow greedy investment houses. State governments want in. Experts are calling for billion-dollar infrastructure projects – I guess because state governments weren’t spending on infrastructure.

Rep. Louie Gohmert, R-Texas, proposed redistributing the unspent $350 billion in Bush bailout money by suspending federal payroll taxes for two months. It’s a bad idea, in that the last stimulus package failed to stimulate the economy as hoped. It makes the entire country look like the Wal-Mart shoppers who crushed to death a Long Island temporary worker in their rush for a bargain.

So where is Barack Obama? Sure, I know many readers will jerk their knees and blame Bush. It’s a freebie. But after a while, the public may start to wonder: Where’s the responsibility now?

COPYRIGHT 2008 CREATORS SYNDICATE, INC 

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.