It just goes on and on — the Obama/Pelosi/Reid juggernaut of foolishness and irresponsibility.
The Financial Transaction Tax is one of those sleeper bills that is sitting in congress waiting to be sprung on the country late some Saturday night when everyone is engrossed in a sports program on TV. This tax proposes to raise $150 Billion dollars according to its supporters. It is supposed to make “Wall Street pay back Main street” - a blatant demagogic appeal to class envy and economic ignorance. And yet, the supporters claim it “won’t do any harm.” The idiotic contention that a $150 Billion theft is harmless illustrates just how economically illiterate these people really are. If this thing passes it will severely harm the financial markets which are, after all, one of the few industries in which the U.S.A. remains preeminent.
Use of TARP Funds as an Obama slush fund. The $700 Billion TARP program was never used to purchase toxic assets as was originally promised. Instead it has been raided to buy bank stock, for automobile company bail-outs (if you can call theft a bail-out), to rescue AIG (and in so doing backstop Goldman Sachs) and for home mortgage bail-outs. These uses were not specifically authorized by the reckless and sloppy language of the original bill. So now the president wants to deploy the TARP funds for a $30 Billion program to bribe banks into making small business loans. Given that the SBA is supposed to be in the small business loan business, which has been a complete, useless failure from day one, who would argue that a new government-backed small business loan program will do anything more than provide a slush fund to pay off political allies and cronies? Use the unspent and returned TARP funds to pay down the obscene national debt.
Don’t Ask/Don’t Tell The policy of hiding the participation of homosexuals in the military services by asking everyone to be a blind liar was a bad idea to begin with. The proposal to abandon the policy of excluding homosexuals from the military is an even worse proposal for one simple reason. The military’s business is to exert horrific deadly force. Part of that mission is accomplished by intimidating the enemy. One doesn’t increase intimidation by feminizing the force with a bunch of drag queens. The participation of homosexual men in an organization dedicated to waging warfare, the most exclusively masculine of all human activities, is unnecessary and detrimental. The same can be said for the inclusion of women in such activities.
Health Care Bill The president and his minions continue to believe that if people can simply be convinced of its benefits, then it will pass. The Dems don’t understand that the country does not want the bill, any of it. They have created a bill that says, “We want to cut off one of your arms. You can argue with us about which arm you are willing to sacrifice — that’s bi-partisanship — but you can’t just say “I don’t want any arms cut off.” The silver lining in this thing is that people seem to be waking up enough to realize the damage that could be done, so it may not pass — and the Dems may be thrown out of power in November 2010. But in the meantime the damage they can do is truly mind-numbing.