Donaldson: Teabaggers Aren't Mad About Taxes, They Just Don't Like Obama

[Mr. Shaman]

These dear and caring Democrats really hooked people up!

Yeah.....that's who's fault it is.

​

"Almost all of the people involved in the transactions made huge amounts of money, then passed the risk on to somebody else. Instead of keeping the dicey loans in their own portfolios, the big banks and giant mortgage companies that originally underwrote them resold the mortgages to big New York investment houses.

Firms like Bear Stearns and Merrill Lynch sliced the loans into little pieces and packaged them up with other investments, then sold them to their best customers around the world as high-yield mortgage-backed securities, turning sows' ears into silk purses, all with the blessing of rating agencies like Standard & Poor’s.

"At every step in the way, somebody has his or her hand out, getting paid. And everyone, for the time, is happy. The broker got paid. He or she was happy. The lending officer, ditto. The rating agencies got paid for passing judgment on these securities. They, too, were pleased, and their stockholders were happy. And on and on. And it would never end, except that it did," Grant says."​

 

[BigRob]

The trouble is that sooner or later the 10 trillion debt left by Bush (how much did he start with, does anyone know?) added to the who knows how much Obama will leave, will have to be paid one way or another. If not taxes, then inflation. There is no free lunch.

Bush took office with the national debt around $6 trillion.

 

[Mr. Shaman]

Bush took office with the national debt around $6 trillion.

Yeah......that's pretty close: $5,716,071,000.......and, he left a debt of $10,632,080,000 for Obama.

You've also gotta figure that Daddy Bush....er, ReRon Reagan ....inherited a debt of $934, 073,000 (from Carter; after he'd inherited $653,907,000)....and, handed Bill Clinton a debt of $4,167,200,000.

Yeah....that's a Republican-style smaller/leaner Federal Government we can believe-in.

​

 

[PLC1]

Here is an interesting look at the national debt as a percentage of GDP since the great depression.

I'll let you draw your own conclusions about it.

It is somewhat comforting to note that the debt was once much higher than it is now, due to WWII, but that it did come down over the next few decades.

 

[Mr. Shaman]

"As I wandered through the crowd at the Denver Tea Party protest last week, I was struck by just how paper-thin is the movement’s opposition to government power.

The Tea Party movement is clearly a "Conservative" movement in its membership and core philosophy, and therefore it is not surprising that many of the very same people who now loudly claim to oppose government spending and taxation, were the very same people who, for the last eight years, had been cheerleaders for one of the most profligate administrations in American history.

And yet, here they were at the Tea Party, pretending to be principled opponents of government power.

Indeed, the existence of the Tea Party events only raises the question of why such events hadn’t ever been organized at some point during the Bush years. After all, for the last eight years, the government has spent record sums of money and all the time, the national debt barreled toward 10 trillion dollars.

Unfortunately for this column, I was too polite to ask any of the protestors questions like "How exactly is it that you just suddenly realized that tax rates are high and that government spending is out of control?"

The real reason that Conservatives have suddenly discovered a distrust of government, of course, is that they’re out of power.

For those of us who remember the Clinton years, the faux libertarianism proffered by the Conservative movement these days is a depressing re-enactment of the anti-government populism that was common during the nineties.

Back then, prominent Conservatives actually used phrases like "jack-booted thugs" to describe federal agents, and Clinton’s wars were commonly condemned by Conservatives as unconstitutional, illegal and immoral. The militia movement was increasingly popular, and the Clinton administration’s anti-terrorism act of 1996 was criticized by Conservatives for the broad police powers it afforded to federal agents.

Yet, after the Republicans took control of the White House, Conservatives dutifully performed an about-face on all of these issues.

After 9/11, any war, anywhere on earth, was acceptable to the Conservatives. Even "humanitarian" wars became acceptable after it became apparent that the Al-Qaeda connection and the Weapons of Mass Destruction wouldn’t hold up as rationales for the Iraq invasion. Saddam was removed as a great humanitarian act, and that was enough for the Conservatives.

The massive expansion of police powers for federal agents increased at a gallop under Bush, but the conservatives who had condemned Waco and Clinton’s anti-terrorism power-grabs defended far more drastic expansions of government police power under Bush."​

Yeah......things are "different", now.

​

 

[AgainstTheMachine]

Since the quote function has malfunction for me - I will just indent it!

[FONT=Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]So yes, the Tea Party protestors (the correct spelling genius is PROTESTER) are right that Obama is spending recklessly, and they’re right that deficits are out of control, and they’re right that taxes are outrageously high. [/FONT]
[FONT=Times New Roman, Times, serif]But their inconsistency on these issues is embarrassingly obvious. And for those of us who can remember the last time the Conservatives pretended to oppose big government, we’ll just unhappily wait for the next time a Republican is in office and all the Conservatives suddenly realize that big government is fine as long as their guy is in charge.[/FONT]
[/FONT]
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[FONT=Times New Roman, Times, serif]Can someone explain to me how this guy can be a credible reporter? [/FONT]

[FONT=Times New Roman, Times, serif]Basically he has implied that the Liberals are JUST PARROTS spitting out the talk heads points of view.[/FONT]
[FONT=Times New Roman, Times, serif]

HE SAID: But their inconsistency on these issues is embarrassingly obvious.
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[/FONT]
[FONT=Times New Roman, Times, serif]So; if you are embarrassed - you should be ... since there is NO WAY that everyone in ANY GROUP will fully agree with every point IF THEY CAN ACTUALLY THINK.[/FONT]

[FONT=Times New Roman, Times, serif]The real embarrassment is when a bunch of sheep follow the wolf at the fence [/FONT]
[FONT=Times New Roman, Times, serif]and this guy is gullible enough to it is okay to have so many liberals insulted for just follow along with all this self proclaimed PRIDE! [/FONT]

This is the fodder which shows the degree of puppetism on the left - what a shame!