“Here we go again…..!” said Ronald Reagan. Last year about this time there was talk about what Ronald Reagan would do…..when we had 10 Republican candidates in the Presidential race. We interviewed several luminaries at the Western Conservative Congress….that all said one thing: “There aren’t any more Ronald Reagans!” “We will have to find someone new with their own read on everything!….said talk show host Michael Reagan and step-son of our 40th President.
Well, as we look around the Republican party today….we certainly see very few remnants of what was once “The Great Grand Old Party”! In an optimistic sense….we can say how proud we are of both Republicans and Democrats that voted down the “Wackos of Wall Street Bail-Out Package” on this last Monday! Today, the Senate is voting on a “Wall Street/Main Street Rescue Package”. In the words of Barack Obama…..”You can put lipstick on it…but everyone knows what it is!”
Yesterday the Stock Market rebounded close to 400 points up after the drop of the previous day. Economic News continues to leak broadly. “Oh, things are terrible…things are bad…of the 401K’s, the Pensions and the Retirements are all at risk!” Well, guess what folks….we are down $9 to 11 Trillion dollars in bad investment paper. They are betting and hoping that $1 or 2 Trillion will have a multifying effect and pull the world’s diving economy out of this spin and crash mentality. Pouring good money after bad…may not be the prescription or therapy for success. No one knows. But what do we know? We do know that every dollar added into the system diminishes the value of any other in the process. We know that “the dollar” will fall against foreign currencies. We know that the price of Crude Oil will rise faster than a speeding bullet. We know that when this so-called fix doesn’t work…they will be back for more…much more!
We know that our Economic System doesn’t need just a tweak here and a tweak there. It needs Fundamental Surgery! It needs to lower leveraged investment to zero! Not 2 to 1, not 30 to 1, not 1000 to one – Zero. Put one buck in…if the Hedge Fund or Derivative nincompoops investing in these things has the stock rise….their return will be based on actually what money “is in the fund”! Not some paper chase across 30 borders and then multiplied by an integer on 100!
Secondly, we need to get rid of those “Special Interests Representatives” that people have voted into the House and the Senate. It is probably that time in our history to vote in people that actually represent the people’s best interest….those that will follow the Constitution of the United States and not just talk a good cocktail hour game about it. Perhaps in their lust and rush to get all their $2300 dollar maximum supporters in one room in one night..(so they won’t have to be inconvenienced much)….they might instead pull up Google when they don’t know the answer to something. If you doubt what we say……ask yourself just one question: “If Sarah Palin had pulled up Google before here Katie Couric interview…..would Saturday Night Live have been able to make a Cottage Industry out of Palin?
In any event, basically 30 Senators could lose their jobs if they vote for the “tweak and peak” solution….Bailing-In….and find out they will need another $7 to 9 Trillion dollars to totally destroy America! The carnage in the House of Representatives will be great. There could be a total wipe out of all the incumbents! Even if some survive…..that do vote for this bogus nonsense, they will be stained forever! But the true reality is….that even if they squeak a “Yes Vote through”……all of those on the YES side will be eventually replaced! When you call or write these people, you might remind them that you will never forget their actions!
Sometimes people forget that Markets and Jobs change. At one time in California, we had the largest Aircraft, Aerospace and of course Automobile Manufacturing Industry in the world. Those jobs left, people moved in and moved out….Small Manufacturing facilites filled the void for some time. Then came Real Estate, then came the Service Industry…now the Financial Markets. These CEO’s can’t now go to work at McDonalds….they have cut backs too! Guess they will just have to use American ingenuity and think up new products and new sales techniques….that don’t include the Government.
Fundamental changes need to be made in our economic system, not just tweaks! Making sure that people have affordable heating oil, gasoline and energy in the years to come must be the first priority….before greed! In the words of the Savior: “Forgive them….they know not what they do!” This is probably a good time to pray as well, because we know of no one that is going to rush out and buy a SUV, a million dollar house or start an “iffy” speculative business right now – even if there is a Bail-Out!
The plan went from 2 1/2 pages from Bush/Paulson (why hasn’t Cheney spoken out – he’s still head of the Senate) to 170 pages from the Congress. No wonder it was voted down.
Because it was a House issue, Anonyms.
Expect Dick Ceney to be active in the upcomming Senate discussion, since that is his realm.
Good news Winships, according to Michael Reagan, the reincarnation of Ronald Reagan has arrived on the political scene !!
“There aren’t any more Ronald Reagans!” “We will have to find someone new with their own read on everything!….said talk show host Michael Reagan and step-son of our 40th President.
UPDATE: Sept 4, 2008 Michael Reagan: “Welcome Back, Dad !” http://www.realclearpolitics.com/articles/2008/09/welcome_back_dad.html
I’ve been trying to convince my fellow conservatives that they have been wasting their time in a fruitless quest for a new Ronald Reagan to emerge and lead our party and our nation. I insisted that we’d never see his like again because he was one of a kind.
I was wrong!
Wednesday night I watched the Republican National Convention on television and there, before my very eyes, I saw my Dad reborn; only this time he’s a she.
And what a she!
In one blockbuster of a speech, Alaska Gov. Sarah Palin resurrected my Dad’s indomitable spirit and sent it soaring above the convention center, shooting shock waves through the cynical media’s assigned spaces and electrifying the huge audience …
Yeah right Junior.
Carl, I thought Cheney might speak for the good of the party if not for the good of the nation. It was Cheney’s intellect and experience that initially made us feel ok about Bush (albiet temporarily). It appears to me that the Republican Party is split on the issue and thats why they have a deal and it blows up at the slightest hint.
Yesterday McCain spoke in favor of the plan and the RNC ran adds against the plan. Does the party have a spokesperson? Obviously the President isnt it. For cryin out loud pick a philosophy and stick to it. Either denounce the ones who want the bailout or denounce the ones who want no bailout. Pick a side!
junior,
Drinking too much kool-aid can give you diahhrea.
Anonyms,
I prefer “junior” – with a lower case “j”.
Thanks,
Anonyms
Michael Reagan did right that. Look it up plus I think someone posted about it here on the juice.
Danielle T., junior with a little ‘j’,
I should have been more specific. I trust junior to post actual factual comments and didnt mean that I didnt believe him. I meant that I didnt believe Ron Reagan. To paraphrase a famous exchange from a few years ago “I knew Ronald Reagan and Sarah Palin is no Ronald Reagan.” Just because Ron said it doesn’t make it so – besides that was a convention speech. They regularly trot Reagan out to claim to be just like him for the sake of politics. I do not take that seriously. Perhaps a comparison of positions and accomplishments would impress us why dont you try that?