American Elephants

Did Rush say he wanted the economy to fail? by The Elephant's Child

Rush Limbaugh’s speech to CPAC has been widely discussed today, particularly in light of Michael Steele’s odd remark when he referred to Limbaugh as an ‘entertainer” whose show can be “incendiary.” Steele has since apologized.  But the discussion, such as it is, from both sides of the political divide, has widely missed the point.

Rush did as fine a job as I can remember ever hearing,  of articulating basic conservative principles and belief in America.    He tweaked liberals, of course, but as a matter of disagreeing with their basic principles and the results of their policies.

Let me tell you who we conservatives are: We love people.  When we look out over the United States of America, when we are anywhere, when we see a group of people, such as this or anywhere, we see Americans.  We see human beings.  We don’t see groups.  We don’t see victims.  We don’t see people we want to exploit.  What we see — what we see is potential. We do not look out across the country and see the average American, the person that makes this country work.  We do not see that person with contempt.  We don’t think that person doesn’t have what it takes.  We believe that person can be the best he or she wants to be if certain things are just removed from their path like onerous taxes, regulations, and too much government. …

We don’t want to tell anybody how to live.  That’s up to you.  If you want to make the best of yourself, feel free.  If you want to ruin your life, we’ll try to stop it, but it’s a waste.  We look over the country as it is today, we see so much waste, human potential that’s been destroyed by 50 years of a welfare state.

Rush said that “more people than you know live their lives as conservatives in one degree or another.  And he said:

Spending  a nation into generational debt is not an act of compassion.  All politicians are temporary stewards of our country.  It is not their task to tear it down and rebuild it in their image.

The differences come in definitions of what is policy and what is principle. Principle involves inalienable rights to life, liberty and the pursuit of happiness; adherence to the Constitution;  the rule of law and respect for the history of America.  Principle says all men are created equal and you can make of yourself what you will, that we’ll help you if you’re down, but we expect you to stand on your own two feet if you can.  Policy says that people who are more successful need to support those who made poor choices,because it is not fair for some people to be more successful than others.

Rush reminded us that Barack Obama is spending wealth that has not yet been created.  If it was about paying for it, he wouldn’t do it because we can’t afford it.  It isn’t about paying for it, it is about control.

You might keep that in mind.

It’s not fair, it’s not fair, it’s not fair! by The Elephant's Child
March 2, 2009, 11:22 pm
Filed under: Freedom, Liberalism, Socialism | Tags: , ,

Much of the current economic turmoil began with congressional action that forced banks to make home loans to people who couldn’t qualify under standard prudent banking practice. This was well-intentioned law, but ultimately destructive.

Now the federal government is planning to spend (another) $275 billion in order to aid homeowners who borrowed  to buy homes that they could not afford.  Keeping them in homes that they cannot afford allows them to escape foreclosure, but at what cost to them?

The mortgage is not the only cost for a home, there are taxes and upkeep.  A home that is not maintained loses value. Unpaid taxes pile up and foreclosure is again probable. When we bail out their mortgages and allow them a lower cost loan, can they repay that one?  Are we on the hook  for the whole 30 year term?  Can they afford the upkeep?

Economist John Tammy points out that we are ignoring how federalization of homeownership is blatantly unconstitutional.

Advocates of the Obama housing plan say with straight faces it’s not fair that buyers purchased houses that are in certain instances worth much less today. But if we apply the illogic of such reasoning to its logical conclusion in the business world, companies such as Webvan, eToys and would still be in business, wasting human and financial capital in ways that would leave our economy even worse off.

The reality is that investors in anything frequently find that what they’ve purchased is worth less, but far from a call for more government handouts, this is often a signal telling them to cease throwing good capital after bad.  And these failures teach us what not to do in the future.

Liberals always have good intentions.  They want things to be — fair.  A childish wish, to be sure.  Everybody should get just one scoop. No fair if someone gets two.

There’s a reason why Grandma always said, “But honey, life isn’t fair.”

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