Tag Archives: Tim Geitner

Beck: The 21st Century Paul Revere.

Another guy who got it.
Another guy who "got it."

There’s something happening here. You can feel it in the air. You can see it on people’s faces, hear it in their voices. Change. And I don’t mean the kind of B.S. “Change” that we saw on Obama’s campaign posters. I mean the kind of change that changes the course of a nation. And the tipping point is this afternoon.

I’m a conservative. A proud conservative. And I believe this country is, frankly, going to Hell in a hand-basket. Sadly, this started long before Obama took office. While I believe that George Bush the Younger is a principled, Godly man, too many things that happened on his watch ran contrary to my conservative principles. That was bad. This is worse: since Obama took office, the country is on a toboggan ride, downhill towards Socialism. Spending like drunken sailors (no offense to our Navy, guys – it’s just an expression), Congress seems content to fiddle while the U.S.A. burns. No program is stupid enough, wacky enough, or costly enough to deny it funding, while even the non-partisan Congressional Budget Office warns that most of the “stimulus” they’ve passed will not only fail to stimulate the economy, but will in fact prolong the recession. Obama has acknowledged as such, even back as far as the campaign days. When asked about his plan to tax capital gains even when it’s been proven, time and time again, that this will have a detrimental effect on the economy, he replied, “But it’s the right thing to do.”

The right thing to do. Interesting turn of phrase. Continue reading Beck: The 21st Century Paul Revere.

Shaken. Not Stirred.

Treasury Secretary Tim “I didn’t cheat on my taxes…I just didn’t understand the tax code” Geitner was on the Hill yesterday, waxing semi-eloquent regarding the second half of the bank bailout, a.k.a. “TARP II: When Markets Bite Back.” By all accounts (both liberal and conservative), Geitner’s performance was, at best, underwhelming. He appeared nervous and ill-prepared (note to Tim: the unbuttoned shirt collar under the tie didn’t say “man of action” as much as it said “I’d rather be having a root canal than be here today”). Geitner looked, well…shaken. Congress was not stirred by his performance.

If the Obama administration is going to persist in shoveling this kind of pork at us, they’re going to have to find some much more convincing liars to sell it.

The deal here is that no thinking person believes this “stimulus” bill is about stimulating the economy. Everybody knows that it’s a wish-list of the liberal left, masquerading as stimulus or order to get it passed. Evidently, 30 or 40 years of yearning has the Dems throwing caution to the wind, in order to fund their pet projects. See the problem is, in order to stimulate the economy, it’s necessary to do but two things:

  • Spend less money
  • Reduce taxes

Neither of these strategies holds much appeal to the tax and spend crowd. 800 billion dollars is one HELL of a lot of money, and the real scandal is that over 3/4 of the money won’t see hit the economy until well after the first year. Stimulus, shimulus. It’s all shuck and jive to me.

Here’s my idea of a stimulus plan:

  • Reduce EVERYBODY’S tax rate by 20% for the next year
  • Reduce every department (other than the military’s) budget by 20% for the next year
  • Cut all non-essential spending (National Endowment for the Arts, Mohair research, etc.) by 50%

That’s it. The whole thing. And THAT, ladies and gentlemen, is how you create a stimulus plan that works. To do something like that, it would help to have people that put the public’s interest ahead of their own. Oh, and maybe put somebody in charge of the Treasury Dept. that understands enough about the tax code that he can pay the taxes he owes, and not duck his responsibilities. I can’t see any Democrat doing this, because they are the party of bigger – not smaller – government. There’s not been a Republican since Reagan that had the cojones to even so much as propose this. Pity. We need leaders that will do what works, rather than try and game the system to serve their taste for pork, earmarks, and pet projects. Cut the waste, and the public would grant them a license to thrill.