A Warning to the President
(FROM: The Wall Street Journal) Since he was elected in November 2008, I’ve been saying that Barack Obama’s biggest challenge will come from within his party, acknowledging that while his heart may be left of Marx, he’ll need to come diving to the center to even have a chance to govern effectively. Before he even put up the “Office of the President-Elect” placards, I was wondering how exactly he would shut out the little Pelosi devil on one shoulder and the little Reid devil on the other; I even wondered aloud if the venomous Rahm Emanuel was the right guy to protect Obama from his own. My advice to the new president was pretty simple — shoot down a pet project from the loony left right away, as if he were a new inmate at a prison and needed to beat the snot out of someone in order to conjure a little respect. Needless to say, with this “stimulus” bill brimming with pork, he hasn’t done so quite yet. This Journal article was a nice reminder of why he should keep his guard up.
Larry Kudlow: Shelve the Stimulus
(FROM: National Review) Kudlow seems to think that we could be looking at $3 TRILLION by the time the stimulus is done and TARP is revisited. At some point, this madness has to stop. We simply cannot spend our way out of a recession. It’s a ludicrous idea. Let’s do things the right way — sure, give a little boost with a few carefully selected, shovel-ready project, but let the rest of the impact be long-term impact gleaned from corporate and capital gains tax cuts, among a few others as well. Now is not the time for speculation or ideology; let’s do what works. We’ve seen the effect the spendthrift Bush administration had at the end of the second term, and we’ve seen the merits of tax relief as well. Let’s do what works.
Dodd of Indignation
(FROM: The Wall Street Journal) Fantastic read. It never ceases to amaze me that Christopher Dodd has served in the Senate as long as he has. As much as I’d like to think it’s only Connecticut which has allowed it, I look at many of Dodd’s colleagues and realize that it has taken a whole lot more than one state to elect such inept and downright crooked officials. Anyway, here’s a snippet from the piece:
Senate Banking Chairman Chris Dodd has been in typically indignant form this week, opining on the financial crisis. Before his Tuesday hearing on Bernard Madoff, he demanded that regulators get to the bottom of any crime: “American investors deserve an explanation and the responsible parties must be held accountable!” And yesterday the Connecticut Senator denounced Wall Street bonuses and said, “I am urging — in fact, not urging, demanding — that the Treasury Department figures out some way to get the money back.”
Pardon us, Senator, but how about taking your own advice?
We refer to his promise to release mortgage documents for the two properties that he and his wife refinanced with Countrywide Financial in 2003. In June a former Countrywide loan officer charged that Mr. Dodd received preferential rates and had fees waived on those loans as part of a VIP program the company had for “friends” of the company’s then-CEO Angelo Mozilo. Mr. Dodd first issued a denial and then, days later, acknowledged that he was a “VIP” with Countrywide but said he thought it was “more of a courtesy.” In late June he pledged to make all pertinent documents public “at some point.” We’re still waiting.
Blagojevich in the Fading Spotlight
(FROM: Townhall) Well, he’s out. Over the years and over the recent two months in particular, “Hot Rod” has shown such a strange, skeevy brand of optimism that I don’t think I’ve ever seen before. In the meantime, he alternatively showed that he was crazy (see any of his odd, Mike Tyson-like press conferences) and crazy like a fox (see his appointment of Roland Burris, which turned the tables on his adversaries). I expect a book deal, of course, and with that hair of his maybe a foray into soft-core late-night Cinemax movies. We’ll just have to wait and see.
FCC Commissioner Warns of ‘Stealth’ Fairness Doctrine
(FROM: Multichannel News) Along with repealing the “don’t ask, don’t tell” U.S. military policy, I think this may be the next move on behalf of the Obama administration, especially if Democrats run into problems with riled-up Senate Republicans in trying to ram through their “stimulus” package. We’re already seeing the groundwork being laid, with the attacks starting on conservative talk radio within minutes of Obama’s flubbed Oath of Office. Now, while I don’t get the chance to listen to a lot of talk radio due to my work and school schedule, I cannot deny its importance — without talk radio picking up where the mainstream press leaves off, many Americans would be completely in the dark when it comes to what’s happening on Capitol Hill. The Fairness Doctrine was declared unconstitutional once; we need to make sure that it doesn’t need to come to that this time around, that any legislation offered by the Democrats just simply doesn’t get off the ground.
Sen. Judd Gregg (R-NH) Considered for Commerce Secretary
(FROM: Associated Press) Nice political move by the president. Not only does he get the perceived credit for picking a Republican, but if Gregg accepts, he has a crucial empty Republican seat in the Senate which likely would be filled with a Democrat. My goodness, I hope Sen. Gregg does the right thing and politely decline.
U.S. Puts Up $20 Million for Gaza Relief
(FROM: Associated Press) Okay, here’s where I come off as a real prick. While I definitely understand that innocent women and children were hurt, their lives destroyed, in the recent conflict, I think it is super important to remember (1) that the conflict was started because of terrorist attacks, intentionally targeting Israeli civilians, by Hamas and (2) that Hamas terrorists fired their rockets from residential areas and from school grounds. It saddens me, the plight of the innocent Palestinian, but I am concerned that the money will be misappropriated–even in the hands of the U.N., which demanded investigation of Israeli action–and spent on measures facilitating future terrorist activity, and I am concerned that we are just in essence rewarding Hamas. In order for lasting change in the Middle East, the innocent people must see the terrorists in their midst, and understand that terrorist aggression has deadly consequences. Perhaps then, these people will take charge of their own lives and instill a government with the people’s best interest at heart.