David Kirkpatrick

November 29, 2008

The GOP and the RINO problem

Filed under: Politics — Tags: , , , — David Kirkpatrick @ 3:00 am

Until the freaky fringe of the GOP who’ve convinced themselves they are the party understand all the RINO (Republican In Name Only) rhetoric is doing nothing but bouncing around a tired little echo-chamber bar room at last call – except when the message does get loose and serves to scare off potential GOP voters — sober up and face reality, there is no coalition.

I think this group can be blamed for shattering the three-legged stool. RINO this, RINO that. I get the feeling these folks wouldn’t recognize a Reagan Republican if they were bit on the ass. As a matter of fact Reagan’s policies and politics would render “the icon” a RINO in the minds of these incurious parrots.

Here’s a nice takedown from a cool site, The Unreligious Right:

John Hawkins, who blogs at Right Wing News, has a new column up at Townhall entitled “Five Hard Truths for RINOS.” As a pro-choice Republican who supports some sort of amnesty for illegal immigrants, gay marriage, and has other heretical positions, I qualify as a RINO when viewed by hardcore conservatives. Here’s my RINO response to Hawkins’ five points.

Be sure to hit the link for the whole bit. It’s worth it.

November 25, 2008

Laffer on the bailout

Arthur Laffer, Reagan’s economist and namesake of the Laffer curvedisses the ongoing financial crisis bailout. I think I’ve made my thoughts about this bailout well known. Probably two words suffices to sum up my opinion — corporate socialism.

From the (second) link:

As you read this, our government is committing enormous sums of money above and beyond normal spending, solely to stimulate the economy and prop up failing companies and markets. These additional sums are huge by any reasonable measure, with estimates as high as $3 trillion in an economy with a GDP of about $15 trillion.

Here’s the bottom line: Instead of making things better, increased spending will only drive our economy further into the ground.

And there is still a lot more spending to come. First it was a $170 billion stimulus package in February of 2008, then material add-ons to both the housing and agricultural bills, followed by Federal Reserve asset swaps with Bear Stearns and a bailout of AIG (which, by the way, isn’t over yet) and then came the debt guarantees of Fannie Mae and Freddie Mac.

Shortly after that, the administration anted up $700 billion in a bailout package, and now Obama, Reid, Pelosi and Bernanke want another stimulus package of $300 billion. Just this week the powers that be are debating bailouts for Michigan’s auto industry. With the slowdown in the economy, tax receipts are now projected to fall sharply. The logic here is totally upside down, and each new measure, far from helping the economy, does enormous damage.

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