Vultures and looters gather: Walter Williams pegs Congress as leading bandit, robbing U.S. taxpayers

WorldNetDaily.com ^ | Thursday, October 18, 2001 | Dr. Walter Williams

[JohnHuang2]

Vultures and looters can always be expected in the wake of tragedies – they take advantage of increased opportunities to steal. Looters were arrested in New York, caught stealing from shops in the rubble of the World Trade Center. The losses caused by these vultures pale in comparison to Washington-created legalized looting opportunities in the aftermath of the terrorist attack.

The airlines industry quickly descended on Congress demanding a $15 billion bailout. Congress caved in. The bailout won't do anything for airline passengers – the beneficiaries are airline creditors and stockholders. Through the bailout, Congress has transferred what are legitimately their risks to the American taxpayer. Airlines managed this feat through an extremely powerful lobby that included wives of congressmen.

When Congress caves to legalized looting, you can count on hoards of other people seeking their share of the recently created looting opportunities. Dr. Ron Utt discusses some of these people in his paper published by the Heritage Foundation titled, "Lobbyists Use Tragedy to Raid American Taxpayers." Dr. Utt first quotes H.L. Mencken, writing some 60 years ago in the Baltimore Sun that "government is a broker in pillage, and every election is a sort of advanced auction of stolen goods."

Is that too cynical? Dr. Utt reports that the steel industry was in there early with renewed calls for import restrictions on less costly foreign steel. A senator from a steel-producing state declared, "Without steel, we cannot guarantee our national security. Without steel, we cannot build from our tragedy." The senator didn't explain how higher-priced steel that would result from import restrictions would help "build from our tragedy."

Then comes the American Bus Association claiming that the "U.S. motorcoach industry is in the midst of an economic crisis." ABA is asking Congress for cash handouts, low-interest loans, tax credits, and federal fuel tax repeal. The American Society of Travel Agents tell Congress they need $4 billion in grants and low-interest loans. The agriculture industry, a perennial federal trough feeder, sees possible victory for a $167 billion farm bill that was headed for defeat. Farm supporters beef up their handout claim, making the childish assertion that "terrorist attacks have bolstered the argument that food production is vital to the national interest."

Dr. Utt says that as egregious as these appeals are, they pale in comparison to appeals by Amtrak. Amtrak officials are asking Congress for a $3 billion emergency cash infusion, while Amtrak's annual revenues total only $2 billion. The National Association of Railroad Passengers, an Amtrak support group, calls for Congress in the wake of the terrorist attack to enact a $19 billion High Speed Rail Reinvestment Act of 2001. One senator proposed giving Amtrak $37 billion, and a congressman proposed $70 billion in loans and grants for rail infrastructure. By the way, Amtrak already has a new "high-speed" train service that, because of congestion and poor track quality, averages 66 mph between New York and Boston – the speed most cars travel on Interstate 95.

We Americans are a generous people and have voluntarily given close to a billion dollars to victims of the terrorist attack. The Red Cross alone has raised enough money to give every victim's family a $30,000 cash grant. That's true compassion when people are willing to reach into their own pockets to help others. What Congress is doing and being asked to do for various businesses is not compassion at all – it's reaching into the pockets of others, and there is a name for that – theft. In some ways, I prefer New York's illegal looters. They take property and then take off. Politicians take property and then stand there and bore us with the whys and wherefores of why we should be happy about it.

For Education And Discussion Only. Not For Commercial Use.

[KayEyeDoubleDee]

BUMP for the good Doctor. Williams pretty much rocks.

[Badray]

Excellent post JH2. Thanks. Williams doesn't mince words.

[riley1992]

As always, a great read from Williams. The man is intelligent, astute and has a fantastic sense of humor. Thanks for the post.

[nopardons]

Except that the Red Cross as NOT given the relatives of the victims, anywhere near that amount, to date. About 1 BILLON dollars have been raised thus far , that's right , with a B kiddies, and the wives, husbands, and children left behind, have gotten almost NOTHING. This is even a BIGGER crime; IMHO.

[fporretto]

It's been appalling to watch all these titans of industry jostle one another for places at the Federal trough in the wake of Black Tuesday. One might almost conclude that, with Clinton out of office and no longer able to exploit this "opportunity for greatness," Congressional Democrats and corporate lobbyists have resolved to fill the considerable space he left.

Have a link:

The Only Bailout

Freedom, Wealth, and Peace,
Francis W. Porretto
Visit the Palace Of Reason: http://palaceofreason.com

[BossLady]

WW took the words right out of my mouth! Excellent column!