Posted by
Always To The Right on Wednesday, January 28, 2009 5:47:32 PM
Government meddling harmed a lot of businesses. Now that same
government prints money for a bailout, so taxpayers think they own the
businesses and can veto purchases like corporate jets. Washington
shouldn't tell businesses how to run and neither should you. But when a
company or a person accepts money, there are always strings attached.
NY Post: Citi Group Cancels Plans to Buy $50m Jet
"This
bailout money is not your taxes. Washington is printing the money for
it -- and when you do that, at some point inflation has to rear its
ugly head. Nobody is talking about that, but when inflation hits, it's
going to be the greatest tax that you pay. It's a law of economics."
Heritage Foundation: What the Stimulus Will Cost You
Obama can pass his "stimulus" bill without any Republican votes,
and then take all the credit if it succeeds. But he knows it won't
succeed, and he wants to avoid Clinton's fate. Clinton passed his first
budget without GOP votes, and it helped spur the 1994 Republican takeover of Congress.
"If Obama can co-opt McConnell and a number of Republicans in the
Senate to go along with him on this, then when this economy blows up,
they're on record with Obama as being responsible. This is why it's
crucial that the Republicans hold out. Because Obama doesn't need a
single Republican vote in the House to get what he wants, and he only
needs a couple in the Senate, and that couple is just to break cloture."
Barney Frank
-- who helped cause this meltdown by forcing Fannie Mae and Freddie Mac
to make loans that'd never be paid -- says Obama's mandate is to
control businesses, because conservative economics of letting the
market work have demonstrably failed. This is totally backwards.
"If
you look at the details of what's in this porkulus plan, very little of
it is stimulating. It's just pork. It's the Democrats paying back
unions and the people that got 'em elected. There's $4.19b for
'neighborhood stabilization.' That means voter fraud. That's ACORN."
There are many places where the bailout money went, and it became sort of a
Ponzi scheme that arose from forcing
home ownership on people who couldn't afford to ever pay for that home.
President
Obama met with big business leaders today in an attempt to convey a
perception aimed at securing GOP support for his spending bill. Obama
sounded like Reagan, but just days ago, he said "only government" could
save us. Obama is in trouble, and he knows it. He's desperate for GOP votes. Don't fall for it! Obama's plan is pure FDR.
Rep. Phil Gingrey (R-GA) calls to clear the air over comments attributed to him by Politico. The congressman said, "I regret those stupid comments."