21st Century Conservatives, Ronald Reagan, and the Problem of Political Amnesia

Wednesday, February 3, 2010 \AM\.\Wed\.

This is not about the current political climate or the Obama Administration and its endeavors. I’m not arguing for or against the Obama Administration or its policies because that is not the point of interest. Let me repeat: the point is not who is promoting good or bad policies (Democrats or Republicans), the effects of those policies, or any thing of the sort.

On the contrary, the interest here is fundamentally a point of history. In George Orwell’s 1984, the “Ministry of Truth” rewrote history to match whatever “the Party” declared, no matter its objective truth. In a recent article, Peter Beinart notes that a number of conservatives refuse to be outdone by Orwell’s fictional group and this is manifest in the party’s historical revisionism of the presidency of Ronald Reagan.

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Obama Speech: Public Option Now

Wednesday, September 9, 2009 \AM\.\Wed\.

Obama speech

[Updates at the bottom of this post as of 5:52am CDT on AD 9-9-2009]

News is emanating from the White House that President Obama’s monumental speech will push for the infamous public option.  It is well known that most Republicans will call this a deal breaker but at the same time liberal Democrats will say the opposite that no Health Care bill will get through if it doesn’t contain a public option.

Jonathan Weisman and Janet Adamy have reported in the Wall Street Journal that President Obama will be pushing for the public option.  It is also being reported that there will be penalties imposed to those that are not paying for Health Care, regardless of the reasons.

White House aides acknowledged they expect little Republican support if any.

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Overreacting, The Left Needs To Wake Up To Reality

Tuesday, September 8, 2009 \AM\.\Tue\.

GOP overreaction to Obama speechLiberals and Democrats have accused many Americans of overreacting to the speech that President Obama will be delivering to school children today (at 11:00 am Central Daylight Time).

On the surface this would seem a fair evaluation but if you dig a little deeper, those on the Left may well be making another crucial misdiagnosis of the source and cause of this reaction.

First lets examine the prism that those on the Left have viewed this reaction.

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Chutzpah

Sunday, May 17, 2009 \AM\.\Sun\.

 s-DISASTER-large

Bringing to mind the story Abraham Lincoln used to tell about a young man who killed his father and mother and then begged that the court would have mercy on a poor orphan, President Obama now seeks to pose as a deficit hawk:

President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

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National Debt Road Trip

Saturday, May 16, 2009 \AM\.\Sat\.

Hattip to the Cranky Conservative.  My only suggested improvement to this video would be a shot of the debt car hitting a brick wall which will happen, and I am beginning to think sooner rather than later, when the government is simply unable to find lenders willing to risk their funds to cover our national credit card binge of federal spending.


Spirit of ’09

Thursday, April 16, 2009 \AM\.\Thu\.

tea-party-map

Yesterday Americans rallied in hundreds of tea party protests against high government spending and taxation.  In my state 3000 people turned out in Peoria alone.  Good coverage of the tea parties is at Instapundit.  Much more at Tea Party online HQ

Elements of the mainstream media were openly contemptuous of the tea parties, perhaps one of the more obvious examples being here at Hot Air.

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Red Ink

Wednesday, March 25, 2009 \AM\.\Wed\.

bush-obamabudget1

A look at the federal budget since 2000, with projections, for what little they are worth, by the White House and the Congressional Budget Office to 2019.  By CBO estimates last week, the budget deficits between now and 2019 would total $9, 300, 000, 000, 000.00.  The entire cost of WW2 for the US in 2008 dollars was 3.6 trillion.  This year the budget deficit will total 13% of our gross domestic product.  This isn’t economic policy, it is lunacy.  These type of deficits are completely unsustainable, and we are running towards national bankruptcy.  It is impossible to borrow these type of funds from abroad.  We will simply create the funds out of thin air.  The long term impact on our children and their children can be easily imagined.  As the Heritage Foundation points out, this is a completely bi-partisan disaster.  Politicians have acted like teen-agers with stolen credit cards for far too long.  However, this will stop.  It will stop either by voters throwing out of office the fiscally irresponsible, or, much more likely in my estimation, the economy will simply hit a brick wall.  This will not, cannot, go on.  How it is stopped is up to us.

Update I:  The President of the EU slams current US economic policy as a road to hell.  I never thought I would live to see the day when a President of the EU would have more economic sense than a President of the US.

UpdateII:  Hattip to Instapundit.  A sign of things to come.  Stocks slide after a lack-lustre sale of T bills and notes: 

“Bond prices fell after the auction of $34 billion in 5-year Treasury notes. The yield on the benchmark 10-year Treasury note, which moves opposite its price, jumped to 2.77 percent from 2.71 percent late Tuesday. The yield on the three-month T-bill rose to 0.19 percent from 0.17 percent Tuesday.

Investors gave an unexpectedly cool response to the note sale just a day after a $40 billion auction of 2-year notes suggested strong demand. The government is running up huge deficits in order to fund an array of plans to provide stimulus to the economy and support to the ailing financial system. Any suggestion that demand for U.S. government debt is weakening is a negative for stocks, simply because Wall Street has been relying so heavily on the government’s rescue plans.

The surge of worry over the debt auction wiped out the market’s early optimism in response to durable goods and home sales data.”