George Rebane
No matter how much they exaggerate, political cartoons do reveal values and perceptions of truth. This morning our beloved Onion featured two revealing left-wing cartoons. One showing Greenspan in the wreckage of “unregulated free markets” when any student of current events knows we have had no such thing. The other showing McCain and Palin denying a destitute Uncle Sam cash by “redistributing wealth” through “tax cuts for the rich” and spending private money to buy a wardrobe for a candidate of middling means. Only a socialist would consider tax cuts on lawful earnings as a government giveaway, no matter who the recipient is or how much of the tax burden they bear.
Bumper sticker.
‘Paradise Lost’ by Roger McGrath in the Nov08 issue of Chronicles details the careers of two California politicians – Mayor Gavin Newsom (SF) and Mayor Anthony Villaraigosa (LA) – who have ambitions to be our next governor. McGrath cites chapter and verse of the background of these politicians. Of particular interest is Villaraigosa’s support of “the liberation of Aztlan.” You will not be disturbed by the MSM explaining to you the make up and workings of organizations such as MALDEF, La Raza, and MEChA. (google these if interested; if not, then learn Spanish) To Jimmy Carter is attributed, “Whatever starts in California unfortunately has an inclination to spread.”
No justice at Justice. The Department of Justice is warned by letters from congressional Democrats, including Senator Obama, not to waste effort investigating voter fraud but, instead, concentrate on assuring “access” to polls. You see, enforcing voting laws mandated by the Constitution is exclusionary and racist. Well, with outfits like ACORN helping register voters, we most certainly will have a very inclusionary election.
The End of Prosperity by Arthur Laffer et.al. will soon hit the bookstores. In today’s WSJ Laffer writes “Financial panics, if left alone, rarely cause much damage to the real economy, output, employment or production. Asset values fall sharply and wipe out those who borrowed and lent too much, thereby redistributing wealth from the foolish to the prudent. This process is the topic of Nassim Nicholas Taleb’s book Fooled by Randomness.” (Taleb, of black swan fame, is familiar to RR readers) With the socialist clean sweep in the offing, Laffer outlines the programs that will permanently convert our economy to that of a second class nation seeking to spread misery equally on all of its citizens. He reminds us that historically our government has about a 30% overhead for redistribution of the taxes it collects.
Whenever the government bails someone out of trouble, they always put someone into trouble, plus of course a toll for the troll. Every $100 billion in bailout requires at least $130 billion in taxes, where the $30 billion extra is the cost of getting government involved.
If you don’t believe me, just watch how Congress and Barney Frank run the banks. If you thought they did a bad job running the post office, Amtrak, Fannie Mae, Freddie Mac and the military, just wait till you see what they’ll do with Wall Street.
And here in his own voice is Senator Obama’s redistribution interview confirming that 1) not only is he for the redistribution of wealth, but also 2) that it is a given that redistribution by government is desireable, and 3) only the means to achieve it is the remaining question.
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