Seventy years later, bad ideas are still bad. Abstaining from common sense. Chalk it up to marking it up. Plus more.
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Admit the unintended consequences of MtM accounting and repeal it
or at the least put it in the footnotes.
— James M. Mulcahy
Grand Island, New York
BEDTIME READING FOR MR. JOSHPE
Re: Brett Joshpe’s The Real Threat to Democracy:
Brett, try reading the Constitution again. Congress and only Congress may declare war, then the Commander-In-Chief executes that war. You seem to me to be another apologist for another RINO. As a Conservative I believe that the Constitution is the law of the land, and that what we have now is one party (Democrats) whose entire foundation is in opposition to the law of the land, and another which is 50/50 and even then I really don’t hear many putting forward good Constitutionally based arguments. To rule apart from the Constitution is then to do so only by might, and this Tyranny.
Frankly, the Declaration of Independence was issued and the
Revolution fought under less extreme circumstances than we have
today — either we start to have legitimate government or we may
need another Revolution. By the way, just in case one might say I
haven’t read the legal arguments put forth concerning
Presidential “War Powers,” I have. And go back to the
Constitution: only Congress. George Bush may have meant well but
was in a way an enemy to the Constitution. Federal (we act in
this country as if it’s National) Government grew under him and
he continued to use the presidential office far beyond the scope
of what was laid out in the Constitution. Read the Constitutional
Convention debates and see how the Founding Fathers feared what
we are experiencing today.
— Len Lieber
DEPRESSED AND RUNNING OUT OF MONEY
Re: Gretchen L. Chellson’s letter (under “We’ll All Live in Obamavilles”) in Reader Mail’s Fumbling Around and Harrell Huff’s letter (under “Trick Question”) in Reader Mail’s Defending the State from Sec. of State:
Gretchen L. Chellson made the point that the Great Depression was ended by the spending on armaments for World War 2. Harrell Huff then made the counterpoint that if lavish government spending worked then, why can’t it work now? There are two significant reasons why this is not the case now. The first is that up to 1941 the spending on armaments that got the economy moving again came from Britain and France — American taxpayers got a free ride. Obamanomics does not have this advantage, it is reliant on taxpayers and overseas lenders for finance, not overseas purchasers of American products — the British and French. This is a huge difference and Gretchen Chellson is correct in making her point. The second point is that during World War 2 and for decades after, America was a creditor economy that had a large financial surplus and savings pool that was available for investment elsewhere. This surplus funded the war effort from 1941, when the financial resources of Britain and France were finished and after the war it funded the Marshall Plan for the reconstruction of Europe. There is no American savings pool now, America has been a major debtor for years, it is an economy heavily reliant on consumer spending funded by debt, with China and Japan being the major creditors.
There is a world of difference between the creditor,
producer-based war and post-war economy of yesteryear
compared to the debtor-, consumer-based economy of today.
Obamanomics implicitly assumes that China and Japan will continue
for some time yet to be the benevolent sugar daddies to American
consumers living beyond their means. If this assumption
turns out to be wrong, and it may well turn out that
way, then no amount of government spending will be able to
make up the difference. Soon or later, Americans will have to
grow up and start saving rather than spending like there is no
tomorrow. The party is over, the beer keg is empty and your
credit is shot. Americans governments and American consumers both
will have to balance their budgets and reduce their spending.
Obamanomics has to recognize this point in the long term and at
the moment, there is no sign that this will happen. Obamanomics
is therefore fundamentally flawed; it is a house built on
— Christopher Holland
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online