10.01.2008 0

A Call to Arms

  • On: 10/23/2008 16:58:49
  • In: Monetary Policy
  • “No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we’ll ever see on this Earth.”—Ronald Reagan, “A Time for Choosing,” October 27th, 1964.

    Yesterday morning, following on the heels of European states nationalizing their banking systems, President George W. Bush issued a statement in the Rose Garden to announce that the U.S. would be “temporarily” nationalizing its banking system.

    Which is kind of like a temporary cockroach infestation. Like a temporary toll bridge. A temporary life sentence.

    According to the new “temporary” plan, the U.S. is going to, in Mr. Bush’s words, “use a portion of the $700 billion financial rescue plan to inject capital into banks by purchasing equity shares.” The President assures the American people that this “is an essential short-term measure to ensure the viability of America’s banking system. And the program is carefully designed to encourage banks to buy these shares back from the government when the markets stabilize and they can raise capital from private investors.”

    He also announced a plan for the FDIC to “temporarily guarantee most new debt by insured banks…” and to “temporarily expand government insurance to cover all non-interest bearing transaction accounts.” And, the Federal Reserve will begin a “new program to serve as a buyer of last resort for commercial paper.” Temporarily, no doubt.

    What should be disconcerting to the American people is that the President, no matter how sincere he may be, is really in no position to guarantee the temporal nature of these programs. He will be out of office in January, long before this crisis will pass. And far longer before the ensuing darkness clears.

    These measures will only be temporary if the American people say so. And then, they will have to be permanently repealed. This task, as usual, will fall to conservatives throughout the nation to take back the reins of leadership and roll back Big Government.

    So, just put it on the list of things to be permanently repealed from the Big Bailout of 2008 including, but not limited to: the nationalization of Fannie Mae and Freddie Mac, the nationalization of Indy Mac, the nationalization of AIG, and the authority of the Treasury to purchase these toxic assets in the first place.

    Those of course, should be tacked on to the longer standing list of policy to-do’s, such as bringing an end to the failing and soon-to-be-bankrupt entitlement programs Social Security and Medicare, repealing the dual mandate at the Federal Reserve, instating a modern gold standard, and generally speaking, putting choices back into the hands of the American people.

    And, gets worse.

    Education is practically state-owned. The mortgage industry has been federalized. The insurance industry is being socialized. Banking was just nationalized. If Americans do not like this command-and-control approach to the economy and to society at large, and prefer instead a government that in Ronald Reagan’s words recognizes that “you and I have the ability and the dignity and the right to make our own decisions and determine our own destiny…” now is their time. Now is their hour.

    Now is the time to take back liberty. To take back these “temporary” government programs, powers, and “solutions” that otherwise will likely never be repealed, and never should have been implemented in the first place. To take back those stolen tax dollars and decades of inflation. Now is the time to take a stand, lock, and load.


  • On: 10/14/2008 15:50:41
  • In: Energy Crisis, Global Warming Fraud, and the Environment
  • Since being ignominiously reduced to minority status in the 2006 Congressional rout, Republicans have appeared to be sleepwalking their way to political exile in 2008. They have nominated a moderate as the presidential candidate who embraces the theology of Global Warming, wants to artificially cap America’s carbon emissions, and routinely demonizes the oil companies that keep the economy moving along. And in so doing, they seem to have robbed themselves of the gas-pump issue that could have fueled their resurrection.

    Now, however, it appears that after wandering in the darkness, there may be a ray of sunshine for the GOP. House Minority Leader John Boehner (R-OH) has thrown down the gauntlet against the Green Revolution. In a recent national radio interview on The Mike Gallagher Show, Mr. Boehner said of Democrats in Congress, “These people worship at the altar of radical environmentalism.” (Please note: it is not yet known how many of Mr. Boehner’s colleagues collapsed with The Vapors upon being informed of his “indiscretion.”)

    In the interview, Mr. Boehner notes that the Democrats in Congress have blocked increased energy production for decades and most recently have blocked efforts to lift the Congressional ban on offshore drilling. He promised to continue working on these issues all year, “I’m going to tell you right now that we are going to fight with these Democrats up here each and every day until November, until the election, until they put real energy solutions on the floor and let’s let the House vote.”

    Now, in the old Western vernacular, them’s fighting words! And welcome words at that. Yet, while they are encouraging, there’s a point that needs to be made that nobody has stated loudly and clearly enough in the energy debate: Democrats crave high energy prices!

    They really do. And it needs to be said over and over again. They want high—even higher than they are today—energy prices in order to control demand. The Democrat nominee, Senator Barack Obama admitted as much recently when asked if high oil prices help America: “I think that I would have preferred a gradual adjustment,” said Mr. Obama.

    In other words, yes, he believes that the high prices help, because “our demand is badly outstripping supply…” And why would he want to reduce demand? To reduce carbon emissions, of course. Reduced demand means less energy use, which means less carbon emissions—those “poisonous” gases the Cult of Global Warming’s dogma dictates will wipe out humanity. And that’s exactly what they want.

    The Greens know it, too. As AutoNation CEO Mike Jackson recently stated, “The biggest lie in America[n] politics today is to say you care deeply about global warming and advocate for the price of gas to go down. Those are mutually exclusive concepts.” He’s right. Democrats can’t have it both ways. Nor can John McCain. One either wants to make energy more affordable—thus increasing its use—or less affordable to ensure some sort of sadistic approach to “conservation.”

    An even bigger point that should be made is that the theology of Global Warming, cap-and-trade, carbon taxes, and the like, are simply tactics in a greater strategy to turn the United States into a command-and-control economy.

    Today, America is the bread basket of the world, much as Zimbabwe was the bread basket of Africa in 1980. But then the Marxist, Robert Mugabe, took over in that troubled, tragic land. He decided—as his fellow travelers in America have now done—to ration scarcity under state control. And the bloated bellies of his victims attest to the error of his ways.

    Walter Williams has a good summary, “Once a food-exporting country, Zimbabwe stands on the brink of starvation. Just recently, President Robert Mugabe declared that he’s going to nationalize all the farmland. You don’t have to be a rocket scientist to figure out that the consequence will be to exacerbate Zimbabwe’s food problems.”

    And that’s what happens when entire sectors of an economy are nationalized, as Democrats would like to nationalize the energy sector: Those goods and services become less affordable, more scarcely used until the economy collapses.

    Instead, what is needed is to increase energy production to fuel a growing economy in the 21st century. Democrats may be satisfied to knock America down a notch or two until the people are living in Third World conditions. But the American people ought to not stand for it.

    Now is the time for the American people to rise up and take back the energy resources Congress has locked away. Mr. Boehner will need help, for he cannot do this on his own. He needs reinforcements in his crusade against radical environmentalism. For if he fails, America, like Zimbabwe, will swiftly go from bread basket to basket case. And there will be no one left to bail us out. Or even weep our passing.


    Copyright © 2008-2026 Americans for Limited Government