Posted by
rycK on Friday, January 30, 2009 11:46:23 AM
The Babbling Brooks of the NYT Babbles about Things Timely and
Such
Abstract: The conservative token David Brooks writes a piece that
seems to criticize the structure and essence of the new phony bailout bill of
mere 820 billion or so dollars. He reflects upon Larry Summer’s summer colloquy
on this subject and notes that the bill does not match the Harvard Professor’s
metrics and averts dire warnings from this august source. The resultant criticism by Brooks does not state the obvious: that this is EXACTLY
what the liberals want in a bailout or any other bill.
As we read the NYT—aka the Walter Duranty Papers--a
turn-of-the-crank Marxian siren, we must
always be prepared to suffer the harangues of exotic and persuasive grand
visions about hope and some new progressive
leftist government that will bring glory and peace in our time. Now the Chief Babbler David Brooks,
an interesting conservative ‘token’ who pretends at objective journalism at the Old Gray Lady, instructs us in his criticism of Larry Summer’s version of
the Bailout Fairy Tale:
“Throughout 2008,
Larry Summers, the Harvard economist, built the case for a big but surgical
stimulus package. Summers warned that a “poorly provided fiscal stimulus can have
worse side effects than the disease that is to be cured.” So his proposal had three clear guidelines.”-- Cleaner and Faster By David Brooks Op-Ed Columnist January
29, 2009 [Emphasis is mine in all quotes.][All quotes are from this
link in this essay today unless otherwise indicated.]
It is refreshing to read about anything surgical from Harvard. Here we
will be entertained by the ‘clearness’ of the three clear
guidelines” from the good professor.
“ [1] First, the stimulus should
be timely.
[2] “The money should go out
“almost immediately.” Second, it should be targeted. It should help low- and
middle-income people.”
[3] Third, it should be
temporary. Stimulus measures should not raise the deficits “beyond a short
horizon of a year or at most two.”—[the brackets ([]) are mine and added
for [Emphasis and clarity. ]
This is almost too humorous for an
evocative debate. To think that some Harvard Prof and disgraced president of Harvard was proposing bold
action--but his concept came with safeguards: focus on the task at hand,
prevent the usual Washington splurge and limit long-term fiscal damage,
at least in part, for asking professors to teach their classes instead of grad
students or readers. No wonder he is a failure at Harvard and elsewhere. He
cannot play the game.
We Babble On:
“Summers was
proposing bold action, but his concept came with safeguards: focus on the task at hand, prevent the usual Washington splurge and limit long-term
fiscal damage.”
And we got a trillion dollars worth of pork. No splurge here?
The commentary on this from Brooks:
“In a fateful
decision, Democratic leaders merged the temporary stimulus measure with their permanent
domestic agenda — including big increases
for Pell Grants, alternative energy subsidies and health and entitlement
spending. The resulting package is part temporary and part permanent, part
timely and part untimely, part targeted and part untargeted.”
Sometimes, our Chief Babbler from the Times stumbles into some
guarded reality zone and cannot seem to grope his way out. Some of his points
are worth considering. This is one of those rare adventures where his job is,
again, in jeopardy for daring to criticize Obama and his priesthood. What he
fails to mention is that the Republicans vacated this outrage along with
several conservative Democrats. This leaves the ‘blame issue’ to fall squarely
upon the far left of the party, where it belongs.
Babbling analysis:
“[1] First, by trying to do
everything all it once, the bill does nothing well.
[2] Second, by pumping so
much money through government programs, the bill unleashes a tidal wave on
state governments.
[3] Third, the muddle
assures ideological confrontation
[4] Fourth, Summers’s warnings about deficits have been put aside.
[5] Fifth, new government expenditures on complex
matters are being designed on a hasty, reckless timetable.
I find this process to be pure leftist legislative procedure. Tax
and spend. Where is the novelty here and why would we expect tax maggots to
seek sustenance elsewhere but from the tax payers? Where did Nancy Pelosi[6] and her Reptilian Allies go astray? Did they fail to tax and spend until the bank is
busted? Isn’t this the new Californian
Way?
“This
recession is scary and complicated. It’s insane to try
to tackle it and dozens of other complicated problems, all in one piece of
legislation. Leadership involves prioritizing. Those who try to do
everything at once will end up with a sprawling, lobbyist-driven mess that does
nothing well.”
The rush is all about getting some money shoveled out to the low
class before the Dems lose control of the Congress in 2010. That is the basis
for the urgency. The voters will soon see that this plug of pork does nothing
but feather the nests of special interests in the leftist camp and will only
burden each observing taxpayer who makes
about $50,00 with a mere new $16,000 tax liability. The comical political lesson on the silly nostrum that “leadership involves prioritizing” is
amusing but so much toss-away fluff when printed in the Times.
The facts are that the Democrats want the system to crash so they
can socialize industry, grab out remaining assets and structure an
authoritarian government. David Brooks would lose his phony job if he printed that factoid.
The liberals and their Marxian Masters will try more and more and
more of this in the next two years until reasonable people regain the majority
vote in Congress. Until then, be prepared for a lot of wealth and opportunity
to be shoveled into the latrines. We could wind up
looking like California if the liberals get their way.
rycK
Comments
to: ryckki@gmail.com
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The
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