Tag: liberty

Obama Loses It

Dennis Kneale, CNBC Media & Technology Editor:

In so doing, the President has shed his usual, becalmed visage of judicious intelligence and what-me-worry confidence. In its place is an unpleasant portrait of a sulking, vengeful politician lashing out at Goldman Sachs, J.P. Morgan Chase, Bank of America, Citigroup and their brethren on Wall Street–the only target that, his polls say, might resonate with the voters who are forsaking him.

The Obama folks “don’t accept that banks perform a necessary function in the system: to get the economy going again,” says one senior executive at a Wall Street giant. “This business has a social benefit, and it’s how we make money. The two are not exclusive.”

Yet the White House is deaf to complaints that burdensome new rules would hurt bank profits and hamper the recovery. “When you tell them that reduces our profits, they just don’t care,” this exec complains.

That’s the big problem: All of us, especially the Obama Posse, should care a lot about profits at the banks. Healthy banks provide the fuel for a healthy economy. They line up hundreds of billions of dollars a year in syndicated loans for businesses and directly loan out hundreds of billions more.

[…]

Obama’s new proposal to ban banks from trading for their own accounts cracks down on a practice that contributed, in no way whatsoever, to the housing bubble and the tumultuous tumble that followed. A recent Goldman Sachs report shows that, simply put, faulty and loose bank lending practices caused 98 percent of all losses, not the banks’ proprietary trading.
Emphasis in bold added by yours truly. This is class warfare on the part of the Obama administration, plain and simple.

Setting brushfires

“It does not take a majority to prevail … but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.” –Samuel Adams

Yep, too late.

“[A] rigid economy of the public contributions and absolute interdiction of all useless expenses will go far towards keeping the government honest and unoppressive.” –Thomas Jefferson, letter to Marquis de Lafayette, 1823

Too late?

“The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt, are indications soliciting the employment of the pruning knife.” –Thomas Jefferson, letter to Spencer Roane, 1821

Sinking gradually

“[W]hen the resolution of enslaving America was formed in Great Britain, the British Parliament was advised by an artful man, — who was governor of Pennsylvania, to disarm the people; that it was the best and most effectual way to enslave them; but that they should not do it openly, but weaken them, and let them sink gradually, by totally disusing and neglecting the militia.” –George Mason, speech in the Virginia Ratifying Convention, 1788

“Let your gun … be your constant companion”

“A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.” –Thomas Jefferson, letter to Peter Carr, 1785

The sheer arrogance

Robert Tracinski, RealClearPolitics:

When you understand what this bill does, you can see why the Democrats would be happy to compromise and drop the public option-for now. This bill so comprehensively wrecks private health insurance that pretty soon a “public option” will seem like the only alternative, and they will already have put into place one of the new taxes needed to pay for it. If the left’s goal is to impose socialized medicine in America, this bill does it in the most callous and destructive way possible. It smashes private health care-then leaves us stranded in the rubble, at which point we will be expected to come crawling back to the same people who caused the disaster and ask them to save us.

That is the final and perhaps most compelling reason to kill this bill: the sheer arrogance of the whole enterprise. It is the arrogance of stampeding an unwilling public toward a monstrous 2,000-page piece of legislation while admitting that it still has huge problems, but promising that it will all somehow be fixed later on. It’s the arrogance of selling us a bill that expands government spending by hundreds of billions of dollars while telling us that it will reduce the deficit. It is the sheer unmitigated gall of appointing a bureaucrat to run a government-controlled insurance market that takes away all of our health choices-and then calling this bureaucrat the Health Choices Commissioner.

That’s the kind of government arrogance that has to be smacked down hard, and that alone is reason to demand that your senator reject this vicious bill in its entirety.

A wise and frugal government

“[A] wise and frugal government … shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” –Thomas Jefferson
Oh well…

Thanksgiving Proclamation

Whereas it is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favor; and Whereas both Houses of Congress have, by their joint committee, requested me to “recommend to the people of the United States a day of public thanksgiving and prayer, to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God, especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness:”
Now, therefore, I do recommend and assign Thursday, the 26th day of November next, to be devoted by the people of these States to the service of that great and glorious Being who is the beneficent author of all the good that was, that is, or that will be; that we may then all unite in rendering unto Him our sincere and humble thanks for His kind care and protection of the people of this country previous to their becoming a nation; for the signal and manifold mercies and the favorable interpositions of His providence in the course and conclusion of the late war; for the great degree of tranquility, union, and plenty which we have since enjoyed; for the peaceable and rational manner in which we have been enable to establish constitutions of government for our safety and happiness, and particularly the national one now lately instituted for the civil and religious liberty with which we are blessed, and the means we have of acquiring and diffusing useful knowledge; and, in general, for all the great and various favors which He has been pleased to confer upon us.
And also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech Him to pardon our national and other transgressions; to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually; to render our National Government a blessing to all the people by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed; to protect and guide all sovereigns and nations (especially such as have shown kindness to us), and to bless them with good governments, peace, and concord; to promote the knowledge and practice of true religion and virtue, and the increase of science among them and us; and, generally to grant unto all mankind such a degree of temporal prosperity as He alone knows to be best.
Given under my hand, at the city of New York, the 3d day of October, A.D. 1789.
–George Washington

The Year of Revolution

Matt Welch:

November 1989 was the most liberating month of arguably the most liberating year in human history, yet two decades later the country that led the Cold War coalition against communism seems less interested than ever in commemorating, let alone processing the lessons from, the collapse of its longtime foe. At a time that fairly cries out for historical perspective about the follies of central planning, Americans are ignoring the fundamental conflict of the postwar world, and instead leapfrogging back to what Steve Forbes describes in this issue as the “Jurassic Park statism” of the 1930s.

[…]

The consensus Year of Revolution for most of our lifetimes has been 1968, with its political assassinations, its Parisian protests, and a youth-culture rebellion that the baby boomers will never tire of telling us about. But as the preeminent modern Central European historian Timothy Garton Ash wrote in a 2008 essay, 1989 “ended communism in Europe, the Soviet empire, the division of Germany, and an ideological and geopolitical struggle…that had shaped world politics for half a century. It was, in its geopolitical results, as big as 1945 or 1914. By comparison, ’68 was a molehill.”