Tuesday, September 23, 2008
Democrats Surrender on Drilling Offshore
Money quote from Cap'n Ed:
This puts quite the capper on the 110th. Not only did Democrats fail to achieve their broad policy goals, they failed on almost every specific goal they set in 2006. They failed to stop funding the Iraq war, they failed to impeach George Bush, and they surrendered on energy policy. Their only policy goal achieved — an increase in the minimum wage — came in a war-funding bill.
This battle may have been won, but the larger war for a rational energy policy continues. Congress has to pass a revenue-sharing bill with the states in order to get investment started in American production — a process that will create American jobs and keep our wealth in the US rather than overseas. With the meltdown in the financial markets still looming, this could not come at a better time.
Labels: Democrat Defeat
Glad to get that off your chest? Does it feel good to point out democratic policy failures over the past 12 or 21 months?
Just remember, that the GOP mostly controlled Congress from 1994 to 2006. So never send to know why the manure heap is so high or the pit so deep.
I am somewhat of an optimist and think that I can learn from instances in which I have been wrong. I remember the S & L mess in the reagan years, Remember? It was caused by deregulation. People who were greedy and stupid wee allowed to handle other people's money which they managed to loose in digits that began in 7 numbers and went on from there. I thought my children would be paying for that mess.
Then along came the 1990's and the economy was productive and the government deficits that were the result of Ronald Reagan's potlatch and voodoo economics shrank, became manageable, and even promised to disappear.
Then came 2000 and the JV snake oil salesman in the form of George W. Bush who cut everybody's taxes especially those of his rich buds. His party wasn't too keen on cutting spending though and the economy hit a series of rough patches even b/f 9/11.
Then he started a a war about which nobody talks about paying the freight. I mean what it is for Iraq? 8 billion per month off the books?
Now we have the subprime meltdown caused by the S&L TNG only the bailouts being discussed make the Resolution Trust look like a mom and pop grocery store in a prairie town the interstate bypassed a few generations ago.
And you know that Social Security isn't the problem. It is Medicare and Medicaid that are the entitlements for which we cannot pay.
So what has the GOP done or even thought about when it comes to health care. Tax credits? Okay let's see. You won't have to pay taxes on money that you don't have if you use it to buy health and accident insurance that you cannot afford.