While Republicans are celebrating Scott Walker's victory in Wisconsin, it might pay to remember that on a national level when Republicans have the power they are barely better than Democrats.
At this point in time the voting public is intensely focused on government spending, deficits, and debt. That's a good thing. There have always been politicians and voters concerned about it, but we have Barack Obama to thank for giving the issue such a high profile that it has become the dominating electoral issue in much of the country.
But if/when Republicans take charge of the White House and both houses of Congress, will they be able to do the hard thing and cut spending? Or will they gang up to defend their own spending turfs? The farm bill comes to mind.
The farm bill is a new-deal era subsidy program that doles out big bucks to a powerful clientele. That clientele sucked up over $15 billion in 2010.
According to Veronique de Rugy, "The agribusiness sector as a whole spent $124 million for lobbying in 2011." It will take some genuine conservative Senators and Representatives to just say no to the big farm lobbies and turn down that money.
It's a golden opportunity for Republicans to demonstrate true fiscal conservatism. In the words of Ms. de Rugy, end this cronyism already.
The TARP was specifically to preevnt a panic and widespread failure of the financial systems, which would have completely destroyed the economy. It would have made the Depression seem like a picnic.And, it worked.Unfortunately, the reason it was necessary is because big government politicians, mainly Democrats, but also liberal and compassionate conservatives like Bush, decided to use the power of government to create untenable and financially unsound results, such as increased homeownership for the poor and minorities. In doing so, it was government who distorted the risk/reward curve in the home finance sector. Never forget that the current economic problem is because of politicians using the power of government to create unrealistic fairy-tale outcomes.Republicans reluctantly voted for it, but let's not forget that Pelosi and Reid pushed hard for TARP to pass. So did Obama.The principles of the free market still remain the best method to increase health care coverage and to reduce costs. Currently, most state governments strictly limit competition in health care insurance and do not permit out of state competition. They also lard up the required minimum coverages for health insurance, because they get campaign donations from medical special interest groups. Also, they limit competition because their in-state insurers ply them with donations and contributions to preevnt competition.I'm guessing you're pretty clueless about things, eh? That would explain your support of HopeyChangey.
Posted by: Fener | September 04, 2012 at 03:02 AM