I’ve been away for a bit. I spent an extended weekend in Virginia Beach with my wife. This trip represents our “babymoon” since this will probably be the last time we have a chance to get away before our new baby is born in December.
Anyway, I know there is plenty out there to talk about right now. There is Troopergate and the fact that Todd Palin is refusing to testify. I applaud Todd for this. After all, we have already shown how Troopergate is nothing more than a partisan witch hunt. Todd did the right thing in saying “no” to the partisan efforts of Democrats Hollis French and Ken Elton.
Then there is the bailout being considered by Congress. It is becoming known as the “Mother of all Bailouts” and it is a very bad idea. It will allow companies and firms who engaged in bad business practices to survive those bad decisions rather than allowing them to fail as the market dictates and thus allowing companies and firms who practice wiser and sounder business policies to step in and take over. That is what should have happened.
But I think a good place to start this week is by asking the question: “Are you better off than you were two years ago?” I think we can all answer: “No.”
Ever since the Democrats took over Congress, they have done nothing but allow or cause more damage to the American people. How can I say this? Easy. Check out the most recent Mullings column by rich Galen:
|Just to review the bidding. On January 5, 2007 (just about the time Nancy Pelosi and her cronies took control of the House):
- The Dow Jones Industrial Average closed at about 12,400.
- The New York-based Conference Board said its consumer confidence index was at 110.3.
- The Bureau of Labor Statistics had the unemployment rate at 4.6%
- According to CNN gasoline a gallon of gasoline, in January 2007, averaged about $2.20.
That is where we stood. Now, this is where we are:
|- Last Thursday at about 1 pm Eastern, the Dow had hit a bottom of about 10,500 before Secretary of the Treasury Henry Paulson and the Chairman of the Federal Reserve Ben Bernanke intervened. That is a drop of about 15% in the Dow from two years ago.
- The Conference Board’s latest take on the pulse of consumer confidence had it at a very thready 56.9 in August – a drop of about 48%
- The unemployment rate in August was reported at 6.1% by the BLS an increase of 33%.
- Gasoline prices are at about $3.70 a whopping 68% jump.
So, why blame Congress rather than the Bush Administration? Because, Congress is supposed to have oversight power. But rather than use that power to tackle real problems head-on, the Dems instead used it for pushing their own agendas, trying to grab and consolodate power and trying to embarrass the President. All of this happened to the detriment of the American people.
In fact, Congressional hearings were held to determine whether or not Major Laegue Baseball players were using steroids at the same time as a housing and mortgage crisis was brewing. They’ve held vote after vote of resolutions to surrender in Iraq at the same time that energy prices were going higher and higher.
I don’t know very many Americans who are more interested in steroids and surrendering than they are in where they are going to live and how much it will cost to have transportation for their familes. The only ones I can think of at the moment are the Democrats in Congress.
So what changed in 2007 that helped to facilitate all of this? Read on:
|Rep. Barney Frank (D-Ma) and Sen. Chris Dodd (D-Ct) took control of the House and Senate Banking Committees.
Rep. George Miller (D-Ca) and Sen. Ted Kennedy (D-Ma) took over their respective Labor Committees.
Rep. John Dingell (D-Mi) and Sen. Jeff Bingaman (D-NM) became chairs of the Energy Committees.
If you read that closely, you will notice that all of the above chairmen have D’s after their names.
The Democrats have been more interested in wrecking President Bush’s foreign policy rather than working on the problems that they are required to work on under the Constitution. As a result, the American people have been suffering and will continue to do so as long as power-hungry Democrats who are willing to do anything, including hurting the American people, in order to gain and maintain power are in office.
You can access the complete column on-line here:
Are You Better Off …
September 22, 2008
Filed under: Politics | Tagged: bailout, Barney Frank, Chris Dodd, congress, George Miller, Harry Reid, Hollis French, Jeff Bingham, John Dingell, Ken Elton, Mullings, Nancy Pelosi, Rich Galen, Ted Kennedy, Todd Palin, troopergate | 3 Comments »