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View Full Version : The New Bipartisanship: Vote With the Majority, or Die - Matt Welch




Lucille
01-30-2009, 12:01 PM
The New Bipartisanship: Vote With the Majority, or Die (http://www.reason.com/blog/show/131367.html)


I guess it helps to not have an electoral dog in the hunt, but this focus on the politics of stimulus opposition strikes me as bizarre. First of all, it's January. There is no election anytime soon. Secondly, while polls for the stimulus have been more favorable than they have been for the always-unpopular bailout, the numbers ain't that great for this giveaway, either. And I guess what I'm more interested in is whether throwing $819 billion (not including interest) at various pet projects, localized bailouts and targeted tax breaks is actually good policy. On that, I find House Republicans more convincing than the Dems, even if (as Larison and others rightly point out) it also reminds us of "how gutlessly the Republican leadership acquiesced to whatever the Bush administration wanted and how they only managed to discover some interest in resisting massive expenditures when someone from the other party is in the White House." Better late than never, etc., especially if you don't confuse newfound opposition with anything like reliable principle.

The other factor at play here, which Democratic ears seem unable to detect, is that Obama is skillfully turning the meaning of the word "bipartisan" into "the coalition that agrees with my magnanimous self." All this "political suicide" talk serves his conscious goal of peeling off enough scared and/or squishy Republicans to turn his already impressive majority into something positively Reaganesque. So that he can even more smoothly carry out the urgent bipartisan business of installing Big Labor in the West Wing (http://www.google.com/hostednews/ap/article/ALeqM5jEtOI8ay_-XoZrKX9qFZBXsDQb7wD9615PL80).

speciallyblend
01-30-2009, 12:03 PM
the gop leadership is only digging their hole deeper. they cannot stand for what they believe in . when they sold their souls for the last 8yrs. the gop leadership has no legs to stand on!!

Lucille
01-30-2009, 12:36 PM
Check this out:


Malto Dextrin | January 30, 2009, 1:37pm | #
Why the charade of getting the approval of Congress to spend taxpayer money, at this point?

The real spending action takes place behind closed doors at the Federal Reserve, without need of any approval by Congress.

The link below is to the Vice Chairman of the Fed stonewalling a congressional hearing, on where $1.2 trillion in heretofore unknown bailout spending, unapproved by Congress, went:

Tracking the Bailout - CBS News (http://www.cbsnews.com/video/watch/?id=4761146n)

The hearing took place on Jan 13. At 1:22 into the 2 minute and 12 second video, discussion of the huge secret bailout program starts, with Donald Kohn, Vice Chair of the Fed, refusing to say which banks and institutions got this $1.2 trillion.

This is in addition to the $700 billion "approved" TARP bailout. So all told, $2 trillion is being handed over to the financial elites of this country, which I believe is about the size of the entire Federal budget of the previous year. And most of the money is being spent without the approval of Congress. You can be sure more is to come.

Congress is largely irrelevant at this point, except as political theater. The Fed, behind closed doors, just prints up trillions and hands the loot out to the favored few.

Maximilian American
01-30-2009, 12:46 PM
Its a disgrace