The View From 1776

A Liberal Glimpses the Truth, Albeit Dimly

New York Times columnist Bob Herbert denounces spending borrowed money, apparently unaware that he is stepping on the party line.

Posted by .(JavaScript must be enabled to view this email address) on 12/28 at 12:36 AM
  1. THE LILLIPUTIAN VISIONARY PROBLEM

    It is typical of the over-educated liberal Left that they consistently advocate inconsistent policies. They adore the Keynesian doctrine that we need massive "consumption expenditures, for anything from digging and filling useless holes to funding anti-business regulation...that is the route to economic salvation." But they abhor the average American's consumption of "trashy consumer goods."

    Thus, they believe in consumption--but only if they can direct and control it! Think if they got their way--We might get more French wine, less American beer; more opera, less country; more compact cars, less pick-up trucks; more ethanol, less oil!

    It is the natural arrogance of elites to ignore the real people and instead look to abstract concepts and utopian schemes. Professor Sowell has said it's a "vision thing" and that for the Left, "Reality Is Optional." A similar answer was given many years ago by the great satirist Jonathan Swift, who's classic "Gulliver's Travels," deals with a fictional race of intellectuals:

    Like the intellectuals of Swift's era, as well as much of the intelligentsia of today, the Lilliputians loved fine distinctions and abstract concepts. Unfortunately, these people also had a vision problem--they could "see with great exactness, but at no great distance. They suffer from a lack of perspective. It is not their fault; that is the way they are built."

    Unfortunately, their vision of centralized management represents the exact opposite of what makes free economies successful. Any examination of history's many governmental "experiments" shows that excess top-down regulation stifles a citizenry's initiative, imagination, and motivation.

    Only an open economy, with limited restrictions, has ever unleashed the diversity of effort and imaginative genius of a people. This is a cardinal lesson of history--there are no execeptions to demonstrate a long-term benefit from economic planning and control by an elite at the top. Every case of extended and wide-spread affluence for a society was built on the grit and common sense of its people. And those people had to be free to explore all avenues of opportunity--even the most seemingly ridiculous. Most of history's greatest advances would have been neglected or vetoed in infancy by a "more sensible" planning elite. Don't forget it was the government that decided to mandate and divert energy saving initiatives into a scheme to make oil from corn!
    Posted by bill greene  on  12/28  at  11:50 AM
  2. The Bush approach - the totally rule-free Wall Street - blessed us with the likes of Bernie Madoff and the 50 billion dollar Ponzie Scheme. It was Armando Falcon, Mark Brickell, James B. Lockhart, Joah Bolton, Andrew Card, and Brian D. Montgomery, all conservatives, all free market acolytes reporting directly to Bush, who engineered the economy into its present tailspin. Laissez-Faire to the max can be too much of a good thing.

    Nobody disputes the effectiveness of a free market for determining priorities, but we are now reaping the whirlwind of removing all regulations.

    Remember also that the massive spending program to get us out of this jam is a fundamentally conservative Republican initiative engineered by Bush, Cheney and Paulson. Obama may have to clean up the mess foisted on him by the conservative Republicans, but the conservatives should look in the mirror when looking for a scapegoat for who started this economic meltdown.
    Posted by .(JavaScript must be enabled to view this email address)  on  12/28  at  09:53 PM
  3. Mr. Jay, you assert that, "It was Armando Falcon, Mark Brickell, James B. Lockhart, Joah Bolton, Andrew Card, and Brian D. Montgomery, all conservatives, all free market acolytes reporting directly to Bush, who engineered the economy into its present tailspin." Please give us a scenario of specific actions and effects by these six apparently all-powerful men that enabled them to engineer a world-wide financial meltdown.

    How is President Bush responsible for Bernie Madoff, who had been running his scam for several decades?

    What financial market regulations did President Bush remove? Please provide specifics to support you assertion that " we are now reaping the whirlwind of removing all regulations." All regulations?

    If you believe that changes or removal of specific regulations are responsible for the housing bubble, proliferation of derivative securities, and deterioration of bank lending standards, please provide us with specifics.
    Posted by .(JavaScript must be enabled to view this email address)  on  12/28  at  11:11 PM
  4. Jay will talk the talk on every issue except the keystone of his personal value system: Criteria.

    Anyone can list the many shortcomings in human thought and behavior. He never itemizes his criteria for that opinion or point of view. It indicates he has none. It would be inhibiting on his powers of selectivity, of good and bad, right and wrong. Thus, he is stuck in an ego-morass of prideful ignorance. Typical collectivism. Patty-cake?

    Jim Baxter
    pointman/follower of The Lion of Judah
    semper fidelis
    No one is smarter than their criteria.
    Posted by Jim Baxter  on  01/02  at  12:26 PM
  5. Happy New Year everyone!! Guess what ??

    I just looked in the mirror to find the scapegoat for this mortgage melt-down.

    The face in the mirror was ugly, but it wasn't me !!!!!

    Barney Frank was there, looking out, backed up by his "honorable" colleagues on the House Banking Committee.

    You know, the guys who mandated Fannie Mae to buy or guarantee (with our money) every mortgage submitted to them, even if it was worthless junk.
    Posted by bill greene  on  01/02  at  06:34 PM
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