The American Spectator

Sean| 1.1.10 @ 9:15AM

It seems the only thing Washington isn't willing to spend money on is controlling the border and deporting illegal immigrants.

dum & dummer| 1.1.10 @ 3:39PM

sean, can't be deporting all those folks that acorn will find a way to register and get to the polls, now can we?

Bob| 1.1.10 @ 6:59PM

This isn't just an Obama thing... Remember that prior to Obama, Reagan and Bush2 had, by far, the largest increases in national debt. All of them should be hung by their gonads for their actions.

http://zfacts.com/p/318.html

If Washington cannot hold spending down, then the only real "conservative" thing to do is increase taxes.

Bert Gold| 1.2.10 @ 12:00PM

My friend Michael Phillips, a Republican but the founder of MasterCard, has powerfully argued for letting GM etc. go bankrupt. His position is that if the marketplace won't support it, why is it a government function to keep it going? Further, he argues that the inefficiencies bred into the Corporation that caused it to fail will never be cleaned if it is rescued. After several weeks of arguing, I find myself agreeing with Michael. The problem now is that Obama, Axelrod, and Emanuel don't seem to be sophisticated enough about economics to understand their two major challenges: To right the listing ship of the American economy and to reform American healthcare (which is nearly a fifth of that listing ship). Their main problem is that they don't want pain for the upper class which contributes to their campaign. Unfortunately, that's a strategy sure to lose the electorate and their popular sympathy. So, I'm guessing that the other party will occupy the White House and Congress in the short term future.

Bob| 1.2.10 @ 12:55PM

Bert, perhaps you and your MasterCard friend aren't "sophisticated" enough to grasp the GM situation. First of all, GM did go bankrupt -- I know, I held preferred stock in the company. Secondly, GM is the largest manufacturer in the U.S. The loss of that manufacturing capacity would further degrade the employment levels. In addition, there were thousands of small businesses dependent on GM including suppliers, distributors, and, of course, dealers. Arguing that the bankruptcy should have occurred earlier is probably sound, but arguing that the government should not have been involved shows a lack of understanding of the economic impact of a full loss of the company. Furthermore, that manufacturing capacity is necessary for our national security to build machinery for our military.

On the other hand, you don't mention the bailout of Wall Street firms -- and that is quite indicative of an elitist point of view. The Wall Street companies should have gone bankrupt instead of being bailed out as they do not produce products of material value to our economy. Most of the money made on Wall Street was due to the manipulation of the market with vehicles like derivatives, swaps, and trading revenues. They should have been held accountable for their decisions even if that meant a deeper recession.

And your argument that a change will occur in the White House is weak. We all know from history that people vote their pocketbook. If the economy turns around, Obama and the Dems will stay since Republicans do not offer a better alternative. Cutting taxes without reducing spending (as with Reagan and Bush), is far worse to our future than spending and taxing to cover that spending.

Mike M| 1.2.10 @ 6:42PM

Good! It wasn't until I seen a Dodge commercial during the Sugar Bowl that I realized there are no Dodge commercials anymore. The soon to be discontinued Chevy commercials will mean Obama will save GM money. GM will be in the black before you know it!

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Oldefarte| 1.3.10 @ 4:08PM

Even more apparent that the socialists-in-charge are slipping more of taxpayers' hard earned money under the carpet [or maybe pulling it out of th freezer, if you're a Louisiana congressman perhaps] than the government's funding [at labor unions's request] of GMAC; is their eliminating the financial caps previously put upon Fannie Mae and Freddie Mac at midnight pre-Christmas. This will allow the federal government, going forward, to completely provide AFFORDABLE HOMES [ie residential WELFARE] to any/all housing loan applicants providing governmental welfare documentation, food stamps, aid to dependent children vouchers, etc as PROOF OF THEIR QUALIFYING INCOME. What will be next-----an all-paid, month-long trip to Europe for these welfare recipients [all at taxpayer expense of course]?????????????