August 2, 2011

Latest Pajamas Media Column (‘Ceiling Our Fate?’) Is Up (Update: The ‘Tipping Point’ and the WSJ)

Filed under: Economy,Taxes & Government — Tom @ 11:35 pm

(Originally posted at about 8:30 a.m.; carried to the top late Tuesday evening for visibility purposes)

It’s here.

It will go up here at BizzyBlog on Thursday (link won’t work until then) after the blackout expires.

I appreciate the editors at PJM expediting their review. The item went up at midnight PT and already has 28 comments, so it was a good call on their part to get after it quickly.

______________________________________

UPDATE, 10:15 P.M.: The column wonders whether we can really wait 18 months for a genuine fix, or if we’ll go over the cliff before the opportunity arrives.

If it does Jeffrey Lord at the American Spectator makes a good although IMO a bit overexuberant case that the Tea Party movement has permanently altered the landscape, and has the potential to permanently improve the country. In the final web page of his piece, he goes after the Wall Street Journal’s record of the past week (WSJ link added by me):

The WSJ’s attacks yesterday against Jim DeMint, Michele Bachmann and Sean Hannity, saying “sooner or later the GOP had to give up the hostage” — follows another editorial in which the paper railed against Tea Party members as “hobbits.” The paper, sounding like cranky British Tories in 1775 Boston rather than the bold, forward-looking paper that championed the much-derided ideas of Ronald Reagan, wildly bought into the liberal notion that the Tea Party from Hobbitville is somehow holding the government hostage, instead of the other way around. In fact Big Government liberalism has spent decades holding and trying to hold the average American hostage to all manner of outrageous tax rates, taxes and regulations on everything from capital gains to sex (in Harry Reid’s Nevada) to soda, SUVs and poker.

Let me see if I understand this without drink, drugs or rock and roll: the Wall Street Journal is saying that because Senator DeMint, Congresswoman Bachmann and Sean Hannity are not caving to President Obama — they are insufficiently conservative?

My oh my oh my oh my.

The view from here in Hobbitville is that our WSJ friends and other conservatives who seem inexplicably to have wanted to fold out of what Rush Limbaugh bluntly labeled “fear” are betraying nothing as much as an odd editorial-version of a Big Government, tax-and-spend Stockholm syndrome. The psychological shift where the hostage identifies with the hostage-taker. Oh please don’t hurt me and I’ll compromise!!!!!!!!!

The Tea Party not only would have none of this, the Tea Party’s role in all of this marks the definitive and latest American “Tipping Point” — a point when the balance is discernibly shifting and the world changes.

If I accept that we’re at a tipping point (I’m not ready to do that yet; a totally game-changing election is needed to convince me), the question becomes how much “tipping” will really take place.

Now — right now — is the time for Tea Party patriots as individuals to broaden their reach. If the newly engaged can each find 3-4 new converts (not necessarily activists, but at least converts) between now and next year’s primaries (in Ohio’s case, between now and November because of the important issues on the ballot), they could create a tidal wave which would relegate “hope and change” to a mere ripple. The easy way out will be to stay within your own new circle of influence. It’s also the path to stagnation. If you can explain what you are about to others, you will find that the vast, vast majority of America agrees with you. Reach out.

Share

7 Comments

  1. Tom here is another excellent posting.

    “We are so screwed”

    http://bayourenaissanceman.blogspot.com/2011/08/we-are-so-screwed.html

    I’m too disgusted by today’s political developments to even try to post general blog stuff tonight. Instead, let’s take an honest look at what the ‘agreement’ between the President, the Senate and the House of Representatives means for you and I. I can put it very briefly – in two words, actually.

    We’re screwed.

    Sorry to be so blunt about it, but that’s the reality of the situation. We can now confidently expect the US economy to implode in one of two ways:

    EITHER the debt burden will grow so large that it absorbs most of the national budget in interest and debt service payments, crippling all other government expenditure; OR -
    The Treasury will deliberately print so many more dollars to service our debt requirements, in what it will doubtless call ‘Quantitative Easing 3′ (and 4, and 5, and 6, and . . . ), that inflation will almost completely erode the value of our currency, destroying any hope of prosperity for the middle and working classes of America.

    http://en.wikipedia.org/wiki/Quantitative_easing#QE1.2C_QE2_and_QE3

    Please understand this very clearly. 
    ONE OR THE OTHER OF THOSE OUTCOMES IS ALMOST CERTAIN. 

    Comment by Greg — August 2, 2011 @ 10:52 am

  2. Putin says U.S. is “parasite” on global economy

    http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801

    Comment by Greg — August 2, 2011 @ 11:06 am

  3. Debt-Limit Vote Breaks GOP Pledge to Post Bills Online for 3 Days Before Vote

    http://www.cnsnews.com/news/article/debt-ceiling-vote-what-about-gop-pledge

    Comment by Greg — August 2, 2011 @ 12:28 pm

  4. Fiscal Conservatives Barred from Supercommittee (Updated)
    Will Senate Republicans be able to prevent tax hikes?

    http://www.weeklystandard.com/blogs/fiscal-conservatives-barred-supercommittee_581921.html?nopager=1

    Comment by Greg — August 2, 2011 @ 3:39 pm

  5. My response to the WSJ and John McCain is IF deficit spending is keeping the US out of a recession as they are implying now by demanding more deficit spending, then why did the country go into recession in the first place when liberal Democrats having won the Congress ramped up deficit spending. By their logic the debacle of 2008 should never have happened.

    Therefore, all the fear mongering about government cutting spending to cause a double dip recession is totally absurd. The economy is tanking again because of Obama’s policy failures which induce fear of the future and the rational response of NOT hiring new permanent employees due to new government labor mandates like ObamaCare. On top of high energy prices. On top of EPA threats. On top of Frank-Dodd. The bottom line here is Democrats have to be removed from power to allow a rational rollback of over zealous liberal initiates. The debt increase compromise is the perfect example of why Democrats are incapable of governing. Everything has to be rolled back to January 2007, every piece of liberal misguided legislation and regulation, all of them. Slash the EPA’s budget to 10% of it’s current level and bar it from regulating CO2. Additionally, terminate the Montrol Protocols which call for the phase out of R-22, R 134a, etc. There is a massive hidden tax that is about to be sprung on the economy due to the oppressive nonsensical regulation stopping the production of these refrigerants that are used in virtually all of our refrigerators, vending machines, air conditioners (car, home and building) and water fountains as the cost of repairing this equipment will necessarily skyrocket due to ceasing production of these refrigerants. If you think CO2 regulation is going to cost us, you haven’t seen nothing yet…

    Comment by dscott — August 3, 2011 @ 12:34 am

  6. Mitch McConnell was being interviewed on FNC by Greta, he made an interesting statement regarding Medicare, the fund (IOUs) runs out in 2017 (6 years from now) and was made WORSE by ObamaCare raiding the fund. Intuitively we knew this but, given the debt limit increase, this forces the insolvency and reform of Medicare on the table for discussion which liberals can no longer deny. A good play here is to pit ObamaCare against Medicare. The headline should read: ObamaCare makes Medicare bankrupt in 6 years

    Comment by dscott — August 3, 2011 @ 1:12 am

  7. Greece in panic as it faces change of Homeric proportions

    http://www.guardian.co.uk/world/2011/aug/01/greece-panic-change

    Greece is already one of the poorest and most unequal societies in Europe, reckons Christos Papatheodorou at the Democritus University of Thrace. Among the few countries that look worse are Romania, Bulgaria and Latvia. So what will Greek society look like after the government’s austerity measures take effect? He pauses, then says: “It will probably look like a developing country.”

    I though Socialism was supposed to make more people equal. Apparently not. So after 50 years of being so socialist, the equalty of outcome goal was never realized. Once again, liberals are proven to be chasing after an empty dream.

    Comment by dscott — August 3, 2011 @ 3:40 am

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.