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They want us to surrender

That is a direct quote from a mostly non-political observer I met during my recent vacation who confessed confusion with the mostly opposite takes of economic, foreign and other political events found on Fox News Channel vs the Drive-Bys (CNN, NBC, et al).

Yet, this non-ideological victim of the Great Recession reaches a quintessentially conservative conclusion succinctly reduced to layman's terms: The ObamaDems want Americans to surrender their independence for dependence on government.

Stimulants vs. Depressants

What else can we conclude, given their obvious definition of stimulants that makes depressants obsolete?

During this gamecock's respite from announcements of dawns, President Barack Obama and surrogates have floated a "second stimulus" trial balloon."

A second stimulus? Yes, I remember the nomenclature of the first $780B bill accompanied by breathless demands for immediate passage lest unemployment reach as high as 7.9% before Christmas on the way to the eventual collapse of the American economy inherited from the Bush Administration. No mention of a Democratic Party-controlled Congress since 2007 that, with then Senator Obama's votes, passed the budgets and the Fall of 2008 Housing/Credit Crunch bailout bill, but I digress.

The "Recovery Act" aka Stimulus was essential to arrest the "worst recession since the Great Depression" (never mind the worse numbers in 1981-2 about which we have more to say below) and, we were told, would "save or create" two million jobs. Congress passed it with but three Republican votes on a Friday. The President signed in 72 hours later. Guess "immediately" has a different meaning in Obama-tongue?

Weeks after the passage of the first stimulus, in an effort to stop the precipitous tanking of the stock market, the Obama Administration said that the economy wasn't as weak as previously thought. Yet, in recent weeks the President follows Vice-President Joe Biden in blaming the skyrocketing unemployment rate and post-Bernanke printing press mini-rally, fall in the DOW on underestimating the severity of the inherited recession.

Dizzy yet?

Republicans warned at the time that the Stimulus would not live up to its name unless one meant to stimulate government by creating new, permanent federal bureaucrats to regulate what remains of a ravaged private sector and save state government jobs.

Republicans must quit saying the Stimulus has not created nor saved jobs. It has. The problem is that the jobs are those that taxpayers will have to fund in perpetuity and not the kinds that produce taxpayers with real jobs in the private sector.

Second? Obama has sold five bills as stimuli

That was the first stimulus, but we have been scared into accepting a monstrous budget that threatens to destroy the currency with a $1.8 trillion deficit in Obama's first year as compared to Bush's worst deficit of less than $450B. And oh yeah, the few shovel-ready jobs were mostly postponed until the second half of the next election year (curious) when the gardening implement more likely to be needed will be wheel barrows as inflation-adjusted wallets.

We have been told that the budget, the $400 Omnibus Spending bill, Cap and Trade (and tax and tax and tax...food and energy aka necessities that is a direct assault on the poor), and Nationalized Health Care are ALL necessary for recovery. Stimuli by other names stink the same, but do increase in price.

So, what do we conclude about the need for a second stimulus bill?

1980-82 vs. 2008-10: what works and what doesn't

I'm waiting on the first one.

In 1980-1, Ronald Reagan inherited an economy from a filibuster-proof Democratic confess and President with inflation, unemployment and interest rates all worse that the one inherited by Obama from Bush and the Dems in 2008-9. President Reagan was able to get a real stimulus passed by a Democratic Congress. We know it was real because of the unprecedented, historic 25-year recovery that followed.

The private sector was stimulated by tax-rate and regulation cuts. Reagan's party actually suffered Congressional losses in 1982 due to the drastic steps required to rein in inflation via restrictive monetary policy, but won a landslide in 1984 and later took over Congress for the first time in 40 years ushering in a conservative era that even Bill Clinton had to embrace.

It seems that the post-Clinton Democratic Party doesn't prefer that "kind" of stimulus, as they have yet to even try to encourage small business formation. Rather, they demonize entrepreneurial producers and investors and continue policies that have kept them on strike, where they have been since the Democrats took over Congress in 2007 with promises not only of no more tax cuts but, rather, tax increases on those that actually stimulate the economy.

I favored the extension of unemployment benefits and would have loved to see more shovel-ready highway projects funded in 2009 to relieve suffering, but those provisions were a minuscule portion of the trillions in debt we have incurred to save and create jobs for government growthulus.

We need to repeal most of the five stimuli passed or proposed and pass a real stimulus that cuts tax rates and regulations; and which encourages expanded oil exploration and the building of oil refineries and nuclear power plants, all of which have been on hold for 31 years.

But then again, if ObamaDems were to do that, they would be surrendering their Utopian vision of a government-directed economy and populace to the old run of the mill, historically-tested means of stimuli that have come to be known as conservatism's favored Free Market Capitalism.

The only question remaining is will the ObamaDems surrender due to election-prospect realities before too many recession-ravaged Americans surrender to Big Brother.

Mike DeVine’s Charlotte Observer and Minority Report columns

"One man with courage makes a majority." - Andrew Jackson

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Atlanta Law & Politics Examiner

Mike DeVine is a freelance writer; maintains blogs at Unified Patriots, Hillbilly Politics, Political Daily and Redstate.com; and has columns in...

Comments

  • mjy 2 years ago
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    You and I have such divergent views that I find it hard to respond to you most of the time. We start with a different prespective. But I can't let it pass that if you removed all regulation, gave the land, and removed the property tax, oil companies would not build a new refinery. (Although there may be one built in Dakota for oil shale.) The return on investment would take 25 years. By then there will not be enough oil left to justify the operating the facility. I do expect to see new reactors in the next few years but my prespective is we are running out of oil. Production has peaked and we will never have enough new wells to keep pace with what we are using.

  • Mike gamecock DeVine 2 years ago
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    Where have I ever said to remove "all" regulation? You will search in vain.

    We disagree on the period of return on investment argument (and on the amount of oil reserves in the world) that was made by greenies all thru these 30 years but you do realize that JOBS would be created quite soon and jobs are what the stimulus promised but didn't deliver.

    We disagree on the facts. You have been duped by true believers.

  • mjy 2 years ago
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    Sorry, I did not mean to infer you were against all deregulation. I just meant it to emphasise my point that there will be no new U.S. Refineries. In 1982 there were 301 U.S refineries handling 17.9 billon barrels of crude per year. Today there are 149 handling 17.4 bb. There has not been a new refinery in the US since 1976. Oil companies will improve and modernize what they have. Additionally, new refineries have been built by oil producing states. They can make more selling an already refined product. Yes we start from a different set of beliefs about global warming, oil reserves, health care and a number of other issues, but I still like reading your columns.

  • mjy 2 years ago
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    We somewhat agree about Regan and Clinton being effective presidents. Regardless of each mans political views they both knew one thing. How to govern. Regan would bring Tip O'Neill into the White House and they would share a bottle of whiskey until they came to a compromise. Clinton would work with Newt until they got something done. RR once told Tip that he liked him so well that if he were given a free ticket to heaven he would turn it down so he could go to hell and could spend more time with Tip."

  • Mike gamecock DeVine 2 years ago
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    Good points mjy and your knowledge of oil refineries interests me. More later and thanks for the comments friend.

  • mjy 2 years ago
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    I know this because I just asked myself a question last year. Is there, are is there not oil, and why does it cost $4+ per gallon to fill up my car? So I did a little research and found the conservative view(plenty of oil its the liberal tree huggers) and the liberal view (it's the oil companies greed) were both askew. I read industry reports, not political reports. As an example: Fact: Canada has the second largest oil reserve in the world just behind the Saudis but way ahead of everyone else. Fact: OPEC average break even point is $38 per barrel. (it is rising every year). Canadian reserves (shale and sand oil) will average over $60 as a break even point (it is hard to get). OPEC will be able to prevent large Canadian production of oil but as the reserves go down production costs will increase until their cost go above $60. There is oil but $4+ a gallon for gas etc. will be the price. It's not politics, it's capitalism. There are other things too. Sometimes research is fun.

  • Rod 2 years ago
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    There seems to be some con/funk/tion about who is really running the show and when the Bailouts began.

    The economists seem to be walking in lock-step. They all know their goose is cooking, but these tinkering thinkers have really gotten us into a mess and they aren't about to stop now.

    I seriously doubt that any counters are being made to the framework that was began after the filing of the Lehman Bankruptcy.

  • Mike gamecock DeVine 2 years ago
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    Good points Rod

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