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Bailout Generation
TownHall ^ | December 11, 2008 | Debra J. Saunders

Posted on 12/11/2008 8:25:28 AM PST by dbz77

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?


TOPICS: Business/Economy
KEYWORDS: bailout; business; debrajsaunders; economy

1 posted on 12/11/2008 8:25:30 AM PST by dbz77
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To: dbz77
Democrats campaign on the platform of: "We will take money from the folks who don't deserve it and give it to the folks who do deserve it -- folks like you."

As long as something like 51% of the voters believe that, the Democrats win!

2 posted on 12/11/2008 8:32:36 AM PST by ClearCase_guy
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To: dbz77

Debbie is an idiot. She is just not that bright. A good grass roots campagner though.


3 posted on 12/11/2008 8:37:06 AM PST by 70th Division (I love my country but fear my government!)
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To: dbz77
What I learned from this fiasco is that all politicians can go to hell Republican, Democrat, Greens, Libertarians... none of them have the guts to do what is right.

It take a squirrelly guy like Ron F’n Paul to say something truthful and he is nuttier than a pecan pie. So, does that mean the rest of the politicians are stupid, corrupt, criminal, or retarded?

4 posted on 12/11/2008 8:37:22 AM PST by Porterville ( I have come here to chew bubblegum and kick ass... and I'm all out of bubblegum)
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Comment #5 Removed by Moderator

Comment #6 Removed by Moderator

To: dbz77

The States demanding help and will get money for roadway infrastructure projects will be used to cover massive deficits. And guess what color the 11 States with the largest deficits are?


7 posted on 12/11/2008 8:45:13 AM PST by iThinkBig
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To: iThinkBig

Red...

...for Communism.


8 posted on 12/11/2008 8:47:30 AM PST by djsherin (The federal government:: Because someone has to f*** things up!)
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To: dbz77

It isn’t the bailout generation. It’s the baby-boomer generation — the most useless and self-indulgent this country has ever had and it will be the first to leave generations that follow worse off.


9 posted on 12/11/2008 9:48:38 AM PST by quesney
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To: quesney

“It isn’t the bailout generation. It’s the baby-boomer generation — the most useless and self-indulgent this country has ever had and it will be the first to leave generations that follow worse off.”


You mean the last warrior generation this country will probably have, the generation that slowed the race to liberal hell that was going on from 1935 to 1975, this country may be very left now but the worst of it was slowed and even a little of it rolled back when the boomers finally started coming of age in the 1980s.

As much as you see going wrong now, when you look at the most damaging, most radical, mostly permanent changes in America, they were done before 1980, and most of what you see the left still pulling off now (such as immigration)is because of those radical changes to our nation’s legal and political and social fabric done by those previous generations.


10 posted on 12/11/2008 5:04:14 PM PST by ansel12 ( When a conservative pundit mocks Wasilla, he's mocking conservatism as it's actually lived.)
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