Democrats

Bailout “Fails” so Paulson Wants to Expand It

Ever since the “billionaire bailout” of Wall Street passed nearly two weeks ago, the market has signaled its displeasure in the goverment’s decision to shore up the failing system. The bailout passed on a Friday and the following week the Dow had its worse week in history. This created an environment where the Administration took hits for their “failed plan”- a plan that had not even been put into practice. But since markets look forward, expectations of the effects of the plan helped bring about the miserable week on Wall Street.

What a Choice- Imperialism or Socialism

Gone are the days of the old Republican Party- a party that supported the principles of less government, low spending, low taxes, the rule of law, and the United States Constitution. Nowadays, Republicans spend as much as Democrats, burdening future generations with inevitable tax hikes, and making our federal government larger and more powerful than one could have imagined possible just a few years ago. 

McCain and Obama Debate in Tennessee

The second Presidential campaign debate of the 2008 election took place Tuesday night, October 7 at Belmont University in Nashville, Tennessee. This debate took place when the Obama campaign had been riding high from the bounce from economic conditions that would favor the party not currently in the White House. However, the post-VP debate spin seemed to be moving toward McCain. Tuesday morning’s polling seemed to indicate that McCain was cutting into Obama’s lead. However, I believe that the slight swing to McCain will end with the results of Tuesday night’s debate.

Oh, $700 Billion Was Not Enough…

So, much to my chagrin the House of Representatives voted to pass the bailout bill yesterday, after it was made into a mashup of the proposed bailout, the Energy Improvement and Extension Act of 2008, and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. In addition to the EIEA to woo Democrats, and the TEAMTRA to woo Republicans, many specifically targeted pork projects were added to entice lawmakers to vote for it. The sections and their “enticements” are listed below:

Sec. 101. Extension of alternative minimum tax relief for nonrefundable personal credits.

Sec. 102. Extension of increased alternative minimum tax exemption amount.

Sec. 103. Increase of AMT refundable credit amount for individuals with longterm unused
credits for prior year minimum tax liability, etc.

Sec. 201. Deduction for State and local sales taxes.

Democrats: If It Wasn’t for Double Standards…

Double Standards

Several recent news stories brought to mind the old joke about liberal Democrats, that if it weren’t for double standards they would have no standards at all. Sometimes the hypocrisy is enough to stupefy any reasonable person. For your reading pleasure, I offer the following examples…

In his November 20 speech to the nation regarding his “executive amnesty” actions, Obama said, “Even as we are a nation of immigrants, we’re also a nation of laws. Undocumented workers broke our immigration laws, and I believe that they must be held accountable  – especially those who may be dangerous.” The hypocrisy of this statement coming from that man is glaring. Obama declares we are a nation of laws as a precursor to explaining how he is about to continue the violations of his oath of office by expanding the scope of his non-enforcement criteria, and beyond that, actually rewarding the lawbreakers.

America is indeed a nation of immigrants, yet Obama is not declaring amnesty for immigrants, he is declaring amnesty for millions of illegal aliens whose first actions in relation to America were violations of our immigration laws. He has for more than half a decade failed to faithfully enforce those laws, declaring entire categories of illegals exempt from prosecution and deportation under the law. He now seeks to reward them with legalization and work permits.

Hillary — not ‘truly well off’ — Clinton made $300k for one speech, FOIA request reveals

Poor Hillary Clinton

Over the summer, Hillary Clinton made headlines when she defended her husband’s commnets on their personal wealth. In June, the Washington Post reported:

In an interview with Britain’s Guardian newspaper, Clinton was asked whether she could be a credible champion for fighting income inequality in the United States despite her wealth.

“But they don’t see me as part of the problem,” she told the paper, “because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.” The Guardian wrote that Clinton let off “another burst of laughter” in answering the question, suggesting that she found the question “painful.”

Clinton and her husband, former president Bill Clinton, have earned well over $100 million giving paid speeches and writing books since leaving the White House in 2001.

The National Journal reported that Clinton would likely be wealthier than four of the five former Presidents.

So why is this relavent now?

Wait, what? On Election night, West Virginia shocked the political world

West Virginia Legislature

West Virginia has had the oddest political culture for decades.

At the Presidential level, it has trended reliably Republican since 2000. Prior to the election of Congresswoman (now Senator-elect) Shelley Moore Capito in 2000, voters rarely sent a Republican to Congress for longer than a single term. Moore Capito’s father, Arch Moore, was the only Republican Congressman to serve more than one consecutive term between 1950 and 2000. And the last time a Republican Senator served a full term was in the 1940s.

West Virginia’s political culture is heavily influenced by labor unions — traditionally a fundraising and organizing arm of the Democrats — but their reliance on coal as in industry (it generates more than $3 billion annually) has strained the relationship between average West Virginians the increasingly anti-fossil fuel Democratic Party.

As in many Southern communities, the mentality really seems to be this (as a Southerner, I understand it):

My grandaddy was a Democrat. My daddy was a Democrat. I’m a Democrat.

But Election Night 2014 brought big changes to West Virginia’s state-level political landscape; changes the Washington Post called “unexpected.”

Senator-elect Moore Capito won every single county with a whopping 62.1% of the vote state-wide, and her coattails were pretty long. For the first time since the 1920s, Republicans will hold every seat in the House of Representatives, leaving just one Senate seat (Joe Manchin, a popular former governor) left for Democrats.

Republicans fired Harry Reid in 2014; he may retire in 2016.

Harry Reid

Harry Reid and Senate Democrats took a thumping in the 2014 elections, losing eight seats to Republicans — so far — with a likely ninth seat changing parties in Louisiana in the upcoming December 6 runoff. At a closed-door meeting of the incoming Republican caucus, Kentucky Senator Mitch McConnell was unanimously elected Majority Leader. Republicans will take control of the Senate in January.

At the same meeting, Mississippi Republican Roger Wicker was elected to head the National Republicans Senatorial Committee, the campaign committee charged with elected Republicans to the Senate. Wicker suggested that outgoing Majority Leader Harry Reid (D-NV) may decide to retire rather than face a very competitive re-election campaign in 2016.

The Hill reports:

The new National Republican Senatorial Committee chairman pointed out that Nevada’s Republican governor, Brian Sandoval, who was just reelected overwhelmingly, could run against Reid in 2016.

“To me, that state is going Republican,” Wicker said on MSNBC. “I think Gov. Sandoval has a real good opportunity now after a great run as governor, perhaps to run for senator. So, you know, frankly I’ll say this: I think Harry Reid may decide to retire. That’s my prediction.”

Reid won a tough race in 2010 against Republican Sharron Angle, whom Democrats were able to paint as extreme.

Mary Landrieu: Another one of #HillarysLosers?

Mary Landrieu

The bad news just keeps rolling in for former Sen. Mary Landrieu (D-LA). Just a few days after Republicans dominated Federal and State elections, the Democratic Senatorial Campaign Committee (DSCC) announced that it would pull all remaining TV advertisements for Mary Landrieu, all but giving up on the Senator and her bid to win a runoff election on December 6.

According to the Politico, the DSCC cancelled all local ad buys that it had purchased through December 6. In addition to the $1.6 million that it has already pulled, it is also working to pull another $275,000 from local markets. Contrast that with the $7.2 million in airtime that Republicans still have in lined up until December 6.

While the DSCC is backing off, Landrieu is finding support among a couple of her Democratic colleagues: Democratic Senate candidate Alison Lundergran Grimes, who was destroyed by Sen. Mitch McConnell (R-KY) in last Tuesday’s race, and soon to be former N.C. Senator, Kay Hagan, who was defeated by Thom Tillis. Grimes and Hagan have both sent fundraising emails in support of Landrieu, encouraging their donors to support the next victim of the Republican wave.

How Washington Profits by Pillaging America

Culture of Washington

I’ve been banging the drum for years about Washington being a racket for the benefit of politicians, cronyists, bureaucrats, contractors, lobbyists, interest groups, and other insiders.

I’ve written about horrific examples of bloated spending that line the pockets of the well connected.

I’ve shared disgusting examples of Democrat sleaze and Republican sleaze.

I’ve exposed rampant corruption with insiders getting rich at our expense.

I’ve pontificated about fat-cat bureaucrats who get paid more and do less.

But I’ve never figured out an effective way of combining all these issues.

So I’m very happy that Scott Beyer of the American Enterprise Institute combines these themes in a very good article about our self-serving political class.

Here’s some of what he wrote.


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