Crossville Chronicle, Crossville, TN

Columns

March 16, 2009

STUMPTALK: Stimulating a war on prosperity and freedom

Near Bush’s sunset, Treasury Secretary Paulson and Fed chairman Bernanke terrified the nation with “the sky’s falling and America is doomed” unless the government steps in with new regulations, institutional takeovers and massive lending. Congress hastily approved. Guess what? It didn’t work; more banks and corporations failed and unemployment zoomed.

Even before inauguration Barack Obama begun fear mongering, “If we don’t act swiftly, the economic decline might be irreversible." Congress signed Obama’s unprecedented “stimulus” package without even reading it. Where did President Obama get the impression that history owes him $2 trillion to spend on whatever he wants, the right to live out his personal dream of being Franklin Roosevelt?

His irritating language reminds me of the arrogance of George Bush who similarly believed that history owed him a gargantuan war in the tradition of FDR. In farewell Bush said, “I had to push aside my free-market ideas in the face of this crisis.” Say what? Presiding over the destruction of American prosperity with the largest spending spree in history and he calls himself a free-market guy? And who can top the arrogance of “we won it, we’ll run it” speaker Pelosi?

America wanted change and got something else. Obama’s head is filled with myths and lies, not only about FDR and the New Deal but also about the government’s power to repair the existing economic problems. He needs to recognize that the New Deal was a calamity far worse than the market plunge that began it. It is utterly bizarre that the Obama gang with befuddled economic credentials crafted an economic plan based on a discredited economic doctrine – failures piled upon failures.

These Washington misfits have no idea how the American market economy works. They wrongly believe that output (production) generates employment (rather than vice versa) and that government spending is a measure of real output; that the central government must spend money in order to stimulate the economy. What a crock. Never mind that this Keynesian trick has never worked in all of human history.

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Columns
  • veteran GARY'S WORLD: Thank our veterans this weekend A tremendous opportunity presents itself in our community this weekend — an opportunity to honor those who served in the Vietnam War. Personally, after attending last year's first Welcome Home celebration, I wouldn't want to miss this. It was an emotional event for both Vietnam veterans and ordinary citizens. It was a great way to commemorate Vietnam Veterans Day in Tennessee, March 29.

    March 27, 2009 1 Photo

  • antique RANDOM THOUGHTS: "Antiques Roadshow" comes to Tennessee If you are one of the 10 million who watch each episode of the “Antiques Roadshow” mark your calendar. The three upcoming Mondays, March 30, April 6 and April 13, were all taped in Chattanooga last July.

    March 24, 2009 1 Photo

  • LION AND THE LAMB: An open letter to Sharon Baier I was happy to read your well-written article, printed in last week's Chronicle. It makes a strong case, in the story of Al and Jennifer, that "To make money, you have to spend money." That misguided couple thought that they ought to cut down on their purchase of supplies, to save money. They did so, week after week, until they lost their business.

    March 24, 2009

  • WE THE PEOPLE: Veterans storm the Hill When young men and women risk their lives and sacrifice both physical and mental health for their country, a grateful country should at least provide them with shelter, food, and health care. But there is a lot of hypocrisy between what some windbag says on Veterans Day and what the country actually does for veterans.

    March 24, 2009

  • child crying THEREFORE I AM: Kids stress out parents? Well, duh! This just in: According to an expert, children can add stress and strain to a marriage. In other news, further expert studies have indicated that the sky is in fact blue, Paris Hilton is a tad spoiled, peanut butter and chocolate taste great together, and the Middle East has issues. Thank goodness we have experts to tell us these things.

    March 23, 2009 1 Photo

  • shackles INSIDE THE FIRST AMENDMENT: With shekels come shackles When President Obama launched his faith-based initiative at the National Prayer Breakfast on Feb. 5, he promised not only to sustain the Bush administration’s signature domestic program — but to expand it.

    March 19, 2009 1 Photo

  • loneranger THEREFORE I AM: Jim Croce and I will keep you safe and sound My philosophy of life is simple: When in doubt, follow the advice of a dead folk-rock star. I always found Jim Croce to be particularly handy in this capacity. Don’t tug on Superman’s cape. Don’t spit into the wind. Don’t pull the mask off that old Lone Ranger, and regardless of how badly you may want to, do not, under any circumstances, mess around with Jim.

    March 16, 2009 1 Photo

  • STUMPTALK: Stimulating a war on prosperity and freedom Near Bush’s sunset, Treasury Secretary Paulson and Fed chairman Bernanke terrified the nation with “the sky’s falling and America is doomed” unless the government steps in with new regulations, institutional takeovers and massive lending.

    March 16, 2009

  • WE THE PEOPLE: Thoughts on bringing a recession to heel Responding to the recent full-throated baying of conservative “economic watchdogs,” I slogged into the swamp of their icon Adam Smith’s murky tome, “The Wealth of Nations,” to see if they had finally treed anything of value.

    March 10, 2009

  • LION AND THE LAMB: Reality Dim blue of early morning shines into the living room

    while you flip through television channels.

    March 10, 2009

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