Republicans - Why you must vote for Obama
Posted: Sat Sep 20, 2008 12:44 am
I was talking today with a friend who works for GM. We both observed that the $25 billion dollar loan the domestic car companies are seeking from the government looked big a week ago. Today, it looks like a note on a 10 year old Chevy.
Until late afternoon the cost of bailing companies out of bad mortgages was said to be in the neighborhood of $450 billion dollars (and some are doubling that number tonight). If you are true conservative (free market) thinker, the government has no business doing this. Of course, not doing anything would be criminally negligent, although only slightly more criminally negligent then allowing it to happen in the first place.
To put $450 billion in a GOP perspective, first think of the things you love. How about 100 Nimitz Class aircraft carriers at current sticker price? Or, thinking of things you hate, $450 billion would fund the nation's food stamp program for about 13 years.
To be fair, the liberals must be behind a giveaway this big. Ditto (we do love that word, don't we?) to the equally huge sums that are at stake in loan guarantees to the remaining investment banks and their favorite insurer, AIG. Regardless of fault, either McCain or Obama is going to be the next President.
Here is what the new guy in the White House is going to inherit. First we have a gigantic deficit after eight years of spend, spend, spend, but don't tax. If it seems incongruous that the leader of the party that champions "personal responsibility" has been spending like Carmela Soprano on a speed binge, put that out of your mind. There's the Iraq war, which is pretty expensive, particularly when you are into repaying favors by relying heavily on contractors. The bills for that haven't been paid and will keep piling up (think of it as a smaller and more cuddly Vietnam - without an apparent purpose). Add in hurricane Ike and a hugely expensive and unprecedented bailout and the government looks like it might be the next Lehman Brothers. To paraphrase Everett Dirksen: "Half a trillion here, half a trillion there, pretty soon it adds up to real money."
After eight years of his witless offspring, its pretty easy to look back on George H.W. with affection and nostalgia. Remember when we deregulated the Saving and Loans in the eighties? Sadly, that part of the Reagan revolution was not an unqualified success. Cleaning up the lab after that experiment only cost the government $125 billion. When George H.W. took over, he asked us to read his lips and promised no new taxes. He also inherited the Savings and Loan mess and a deflating economy. Unfortunately, the government had to stay in business and he had to break his word. The voters never forgave him, thus greasing the skids for the guy who didn't inhale.
So think carefully before you vote and remember your most cherished beliefs. The next President is going to be handed a mess of biblical proportions. Notice that McCain, although guaranteeing Obama will raise taxes, has not taken the fatal pledge of Bush the First. He knows, as you should, that there are no sub-prime lenders for the US of A. Taxes are going to go up. Since most US corporations do not actually pay any taxes, guess who is going to foot the bill.
W's most lasting legacy may be huge tax hikes. Close your eyes and repeat to yourself "Tax and Spend." Who do you see in your mind's eye, Obama or McCain? Of course, you see Barack Hussein Obama. So forget McCain - who isn't a real Republican anyway - and vote for Obama. Four years is not enough time for him to ruin the country even if some gay is a cabinet secretary. Defer your gratification and think about 2012. Let Obama take the fall now. In four years you can scream "tax and spend" and it will actually be true! Not only that, high taxes will just be the tip of the iceberg. Whether he inherited a great steaming pile or caused it himself, Obama and the Dems will be like a cow moose in Sarah Palin's crosshairs.
On election day, hold your nose and vote Obama. When you do, remember that good things, like a great golf handicap or household help that speaks tastefully accented english, come to those who wait.
Until late afternoon the cost of bailing companies out of bad mortgages was said to be in the neighborhood of $450 billion dollars (and some are doubling that number tonight). If you are true conservative (free market) thinker, the government has no business doing this. Of course, not doing anything would be criminally negligent, although only slightly more criminally negligent then allowing it to happen in the first place.
To put $450 billion in a GOP perspective, first think of the things you love. How about 100 Nimitz Class aircraft carriers at current sticker price? Or, thinking of things you hate, $450 billion would fund the nation's food stamp program for about 13 years.
To be fair, the liberals must be behind a giveaway this big. Ditto (we do love that word, don't we?) to the equally huge sums that are at stake in loan guarantees to the remaining investment banks and their favorite insurer, AIG. Regardless of fault, either McCain or Obama is going to be the next President.
Here is what the new guy in the White House is going to inherit. First we have a gigantic deficit after eight years of spend, spend, spend, but don't tax. If it seems incongruous that the leader of the party that champions "personal responsibility" has been spending like Carmela Soprano on a speed binge, put that out of your mind. There's the Iraq war, which is pretty expensive, particularly when you are into repaying favors by relying heavily on contractors. The bills for that haven't been paid and will keep piling up (think of it as a smaller and more cuddly Vietnam - without an apparent purpose). Add in hurricane Ike and a hugely expensive and unprecedented bailout and the government looks like it might be the next Lehman Brothers. To paraphrase Everett Dirksen: "Half a trillion here, half a trillion there, pretty soon it adds up to real money."
After eight years of his witless offspring, its pretty easy to look back on George H.W. with affection and nostalgia. Remember when we deregulated the Saving and Loans in the eighties? Sadly, that part of the Reagan revolution was not an unqualified success. Cleaning up the lab after that experiment only cost the government $125 billion. When George H.W. took over, he asked us to read his lips and promised no new taxes. He also inherited the Savings and Loan mess and a deflating economy. Unfortunately, the government had to stay in business and he had to break his word. The voters never forgave him, thus greasing the skids for the guy who didn't inhale.
So think carefully before you vote and remember your most cherished beliefs. The next President is going to be handed a mess of biblical proportions. Notice that McCain, although guaranteeing Obama will raise taxes, has not taken the fatal pledge of Bush the First. He knows, as you should, that there are no sub-prime lenders for the US of A. Taxes are going to go up. Since most US corporations do not actually pay any taxes, guess who is going to foot the bill.
W's most lasting legacy may be huge tax hikes. Close your eyes and repeat to yourself "Tax and Spend." Who do you see in your mind's eye, Obama or McCain? Of course, you see Barack Hussein Obama. So forget McCain - who isn't a real Republican anyway - and vote for Obama. Four years is not enough time for him to ruin the country even if some gay is a cabinet secretary. Defer your gratification and think about 2012. Let Obama take the fall now. In four years you can scream "tax and spend" and it will actually be true! Not only that, high taxes will just be the tip of the iceberg. Whether he inherited a great steaming pile or caused it himself, Obama and the Dems will be like a cow moose in Sarah Palin's crosshairs.
On election day, hold your nose and vote Obama. When you do, remember that good things, like a great golf handicap or household help that speaks tastefully accented english, come to those who wait.