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« Trouble in Iraq | Main | Rush Limbaugh and Sarah Palin’s third party wouldn’t work »

October 19, 2010

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CJW

I personally think that a magazine like NewsWeek tat has lost so much sway as to be sold for $1 can't be getting anything but true ideological hacks writing articles for them. I dismiss anything that comes out of NewsWeek.

Neo

This is a great example of why there is a "Tea Party." DC just doesn't understand the rest of the country.

What?

"Tea Partiers are called tea-baggers, fat-cats, extremists, bigots and divisive fundamentalists. It almost sounds like making evildoers of those who disagree."
Touche'

Neo
What are some misconceptions that people have about Tea Parties (and their attendants) in general? That they're all racists, they're all religious nuts, they're all uninformed, they're all stupid, they want no taxes at all and no regulations whatsoever. Those "arguments" are presented by the Dems in order to keep their base of uninformed voters on their side. In my opinion, as soon as you start name-calling, your opinion is immediately deemed invalid!
CJW

You're not robbing me of the pleasure of calling Obama the liar-in-chief. His incessant lies validate his new title.

jj mollo

As I understand it, the tea party is less fundamentalist in religion than the mainstream conservative movement, more concerned with fiscal issues. It was more derived from libertarian ideas to begin with, e.g. individualism and personal responsibility for oneself. Like the reform party, it has already become somewhat infected with celebrities, Glen Beck being the one who annoys me the most.

When you think about fiscal issues, though, I think you have to understand that government can do some things better than the private sector -- for instance, appropriate regulation of industries that tend toward predatory practices, like banking. I also happen to be a big fan of grand projects, like the moon landing and the recent Hoover Dam bypass bridge.

Fiscally, I think the Democrats have a lot in common with the Tea Party. A balanced budget is extremely important to them after Clinton demonstrated it could lead to prosperity. The tea party members, however, do not in general have any concept how bad the recent economic crisis was, little understanding of how bad things could have been. Bush probably saved the country with the bailout. And the stimulus program was absolutely necessary. Half of it btw was tax cuts. Tea Party members should not let themselves get freaked out by the scary size of the debt. It was a necessary but temporary measure. In the past we have dug ourselves out of these situations by steady increases in GDP leading to enhanced revenues. The trick is to cut spending when times are good, which is politically hard to do.

CJW

Clinton didn't demonstrate fiscal responsibility until he was forced to by a Republican congress.

The prosperity under Clinton had less to do with his fiscal policies and more to do with free market forces at work like the commercialization of the internet (that would have happened no matter who was president) and the advent of widespread cell phone use that brought out efficiencies never before seen in doing business.

Of course, commander-in-chief Clinton got frugal and saved a lot of money in the budget by declaring an unearned peace dividend and ignoring the seriousness of militant Islamists in the world and just arbitrarily downsizing the military and intelligence services for the vast majority of his years in office. Then he handed off the undersized intelligence agencies and a military with obsolete equipmnent to his successdor touting a glorious budget surplus that lead us right into 9-11, an event that cost us far more than the budget surplus. Nice blood money that surplus.

Frank Warner

JJ, I can agree with you except on the spending part of the "stimulus" and government regulation of banks.

No credible economist argues the "stimulus" spending did any good, and it probably just dug us deeper into a debt hole that will delay a real recovery.

As far as regulating banks, government should help there. But there are government workers interested in the safety and soundness of banks, and there are government officials like Congressman Barney Frank who ignore all the experts' advice and establish a de facto separate $5 trillion banking system by taking over Fannie Mae and Freddie Mac, with criminally loose standards guaranteed to destroy the economy.

Barney Frank helped write the new financial regulation law, which still exempts Fannie and Freddie from most of its provisions.

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