America Needs A New New Deal (Red Katrina on WSJ?)

WSJ ^ | 09/27/08 | KATRINA VANDEN HEUVEL and ERIC SCHLOSSER

[TigerLikesRooster]

America Needs A New New Deal

By KATRINA VANDEN HEUVEL and ERIC SCHLOSSER

The Bush administration has proposed the most expensive government spending plan in American history, allocating as much as $700 billion to a Wall Street bailout. The proposal was attacked by members of both parties, who immediately began negotiations to find an alternative. The Bush plan was not only a political blunder; it was also a complete repudiation of the administration's own economic policies. It could not be justified by any of the core beliefs governing free enterprise and the free market.

As with the decision to invade Iraq, the administration sought to commit the federal government to massive spending without a clear exit strategy. Most important, it drew upon the New Deal's legacy of government intervention in the marketplace -- without any of the New Deal's fundamental concern for the well-being of ordinary Americans.

This year happens to be the 75th anniversary of the New Deal, a revolution in governmental philosophy that began with the Emergency Banking Act of 1933. That first piece of New Deal legislation was a hurried response to the worst banking crisis in U.S. history -- until now.

[TigerLikesRooster]

New Deal liberal(or red) on WSJ. Never expected to see her name on a WSJ opinion piece.

[TigerLikesRooster]

Ping!

[hiredhand]

Watching Bush's speech on this robbery that they're trying to sanction brought back memories of when he stabbed us in the back over “shamnesty”....and the left thinks there's something wrong with the conservatives who have split from Bush?! Sheesh....they're all a bunch of Einsteins I tell you! Freakin geniuses!

[BenLurkin]

Dismantle the New Deal AND the Great Society.

That’s what America needs!

[screaminsunshine]

Can you imagine what these commies will do if Premier Obammy loses.

[Anima Mundi]

Aah yes, the amnesty bill which was also an emergency. The one which was sure to bring our entire country to a halt if it didn’t pass that very weekend. The one that didn’t pass and, yet SOMEHOW, the country has gone on.

[Ken H]

Dismantle the New Deal AND the Great Society.

Yes, sir! Also, repeal the 17th Amendment.

IIRC, LBJ was in the freshman class of the 1933-35 Congress. He was one of FDR's favorite congressmen.

[TigerLikesRooster]

Bush's grand agenda was 'Open Border'. 9/11 kicked it to the closet. He had been trying to resurrect it in one form or another.

It must be really frustrating for him to see this slip away.

[12Gauge687]

She’s nearly Red. There are several libs who write op-eds now. Even some of the reporting shows a bit of liberal bias, although nothing like the NYTimes.I think Murdoch wants to include more general news in the A section.

As far as Katrina’s understanding of economics, my neighbor’s dog knows nore.

BTW, The Investors Business Daily and Barron’s seem more anchored in finance and economics.

[hiredhand]

Aah yes, the amnesty bill which was also an emergency. The one which was sure to bring our entire country to a halt if it didn’t pass that very weekend. The one that didn’t pass and, yet SOMEHOW, the country has gone on.

Yep! That's right! Everybody remembers it painfully well! This $700 billion heist has all the tactics used on a cheap used car lot. How many times have we heard from some turd trying to sell us something that it was IMPORTANT that we buy something NOW?!...otherwise bad things are going to happen! How many times have we heard that this deal is only going to be here for a short while?! What's going on in D.C. right now is riddled with F.U.D. Those who do speak with reason, sanity, and restraint are ridiculed as being everything from crazy, to unpatriotic!

The longer the nation runs without their stinking bailout, the worse they look. A few weeks ago, I didn't think it was possible for them to look any worse, but this bailout proposal has disproven me!

If if the bailout does bring us to our knees, then that's what we'll go through. The alternative is that the left finally secures the power that it's been salivating over for a long time. It's so close, they can "smell" it. They can NOT be permitted to get away with this.

[Still Thinking]

Yeah, I love how the left reserves this special hatred for Bush over other Republicans, like he’s some sort of arch conservative or something.

[Still Thinking]

This $700 billion heist has all the tactics used on a cheap used car lot. How many times have we heard from some turd trying to sell us something that it was IMPORTANT that we buy something NOW?!...otherwise bad things are going to happen!

That was exactly the analogy I used to explain the situation to Mrs. Thinking. Don't forget the Patriot Act too. "Someone flew planes into a couple buildings, quick, quick, we need to repeal the Constitution and give the goobermint more power. Right the hell Now!"

[oblomov]

Thomas "What's the Matter with Kansas" Frank has a column on their opinion page now, as well.

Katrina's mother (Jean Vanden Heuvel) was one of the people at the Leonard Bernstein fete for Black Panthers that was immortalized in Thomas Wolfe's Radical Chic. Money Quote:

Or—what does one wear to these parties for the Panthers or the Young Lords or the grape workers? What does a woman wear? Obviously one does not want to wear something frivolously and pompously expensive, such as a Gerard Pipart party dress. On the other hand one does not want to arrive “poor-mouthing it” in some outrageous turtleneck and West Eighth Street bell-jean combination, as if one is “funky” and of “the people.” Frankly, Jean vanden Heuvel—that’s Jean there in the hallway giving everyone her famous smile, in which her eyes narrow down to f/16—frankly, Jean tends too much toward the funky fallacy. Jean, who is the daughter of Jules Stein, one of the wealthiest men in the country, is wearing some sort of rust-red snap-around suede skirt, the sort that English working girls pick up on Saturday afternoons in those absolutely berserk London boutiques like Bus Stop or Biba, where everything looks chic and yet skimpy and raw and vital. Felicia Bernstein seems to understand the whole thing better. Look at Felicia. She is wearing the simplest little black frock imaginable, with absolutely no ornamentation save for a plain gold necklace. It is perfect. It has dignity without any overt class symbolism.

[Skid Marx]

Here's The Nation with a solution,via the WSJ. Socialism! What an exciting new idea! We need a new Joe Kennedy right now! Hope'N'Change! Health Care for all! This nonsense has to stop now. The collectivists in the Congress with their buds in the agencies and in the Industry cook up the largest welfare scheme in history, find a way to call it something else, farm it out, convolute it, obfuscate it, then watch it collapse. Then they want total authority over 700,000,000,000 dollars,to fix it. Am I on track here? A big helping of authority is what will make the sun come up again? This kind of thinking in the Wall Street Journal, during the period of shenannigans we're suffering through now is ominous.

[Saab-driving Yuppie]

The Bush plan was not only a political blunder; it was also a complete repudiation of the administration's own economic policies. It could not be justified by any of the core beliefs governing free enterprise and the free market. If the Bush Administration had any core beliefs about free enterprise and the free market, they did an excellent job of keeping it a secret. The only people who seem to think the Republican Party stands for free markets anymore are left-wing liberals.

[MyTwoCopperCoins]

Katrina? RED Katrina?

:^)

[Skid Marx]

"The alternative is that the left finally secures the power that it's been salivating over for a long time. It's so close, they can "smell" it. They can NOT be permitted to get away with this."

To the Matresses, then.

[Skid Marx]

And bring Red Katrina(post 16)with you.

[javachip]

Paragraphs 1 and 7 are pretty good.

[TigerLikesRooster]

She is on a fishing expedition. The bait has to look good in order to make fish bite it.