The Democrats have been doing some seriously stupid things lately. And yet, if the polls and pundits are to be believed, they are going to kick the Republicans’ butts in November. If that happens, get ready for some big-time buyer’s remorse.
The Democratic Party has been shifting left for years and now has reached the Insanity Zone. Some of the things they’re doing or will do if they control all branches of government give new meaning to the word “stupid.”
Start with the Lieberman-Warner bill a.k.a. America’s Climate Security Act. At a time when gasoline prices are spiraling past $4 a gallon, it’s hard to understand a party that supports a plan that will make things worse. Much worse.
This is the “cap and trade” legislation that would award to the government the exclusive right to decide who could emit carbon dioxide and how much to charge (tax) them for it. According to Sen. James Inhofe (R-Okla.), Lieberman-Warner would result in higher prices at the pump in addition to raising taxes on Americans by more than $1 trillion over a decade. The Federal Energy Information Administration estimates that we’d see a 9.5% drop in manufacturing output. Low income Americans who spend more of their income on energy will pay through the nose.
What do we get in return for all this socialism disguised as a cure for Global Warming? Nothing, really. The EPA estimates that by 2050, Lieberman-Warner would lower global CO2 concentrations by less than 1.4%.
This bill is stupid.
But consider what Barack Obama has said: “We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say okay.”
And this is the person the Democrats are going to nominate — someone who talks about “change” and has energized young voters. But if you dig for the details, as John Fund of the Wall Street Journal did — you get to the specifics of “Obamanomics” and what the Democrats have in mind for us.
Bill Clinton once said “the era of Big Government is over,” but that wasn’t true under G.W. Bush and it will be less true under the tax-and-spend policies that Obama will push through with his majorities in the House and Senate. He’ll hit us with an expensive “green” agenda; he’ll raise the minimum wage to $9.50 and index it to inflation; he’ll create a government healthcare plan; he’ll create a new government housing program; he’ll install new regulations — especially in telecommunications, energy, and finance; he’ll create a market oversight commission; and he’ll renegotiate NAFTA.
That’s Big Government, folks. But wait until you see what Obama has in mind for taxes! He’ll increase the capital gains tax to a likely 28 percent; he’ll allow the Bush tax cuts to expire; and he’ll tinker with the tax code to provide credits for people he wants to help while penalizing “the rich.”
Arthur Laffer, the godfather of Ronald Reagan’s supply-side economics told Newsmax Magazine that Obama’s policies would return us to the high-inflation, stagnant economy of the Jimmy Carter years. That’s when the prime rate was 21 percent. Capital gains taxes were at 50 percent. The top marginal tax rate was 70 percent. The country existed in a tax-and-spend hell that was gauged by a misery index.
It would be stupid to enact such policies.
Obama would also bring “change” to foreign policy, by golly! He’d “end” this war and bring the troops home and meet with Mahmoud Ahmadinejad. Maybe these things would work out well for the country under President Obama. Maybe not.
Current thinking among liberal Democrats is to extend a hand to terrorists, meet with their leaders sans conditions, “manage” Iran’s nuclear ambitions and hope for the best. This thought pattern is embodied in the split decision of the Supreme Court in which the five liberals granted Habeas Corpus rights to terrorists at Guantanamo Bay.
It’s touchy. It’s feely. And it’s stupid. In the words of dissenting Justice Antonin Scalia, “[The ruling] will almost certainly cause more Americans to be killed.” John McCain called it “one of the worst decisions in the history of this country.”
McCain is right. For the first time, terrorists, detained on the field of battle in foreign countries, will be able to get lawyers and have their cases heard in federal courts. It’s an outright anti-American decision. But it’s fully supported by Barack Obama who disparaged President Bush’s “attempt to create a legal black hole at Guantanamo.”
Before we all vote for “change,” we need to take a cold, hard look at what Democrats are doing. After all, we will get the government we vote for. And we may not like it.