There is an emerging coalition (first mentioned HERE) against the Barack Obama flim-flam stimulus bill. This emerging coalition has had one significant victory already. Don’t forget these numbers: 270-155 and 244-199 (we’ll explain below). Tonight the House of Representatives will have the first of several key votes. Meanwhile real Democrats and real progressives who oppose Barack Obama’s flim-flam stimulus bill are falling into a trap.
Today we discuss further the emerging coalition against Barack Obama’s flim-flam stimulus bill and the significant victory already achieved by that coalition. We’ll also discuss the trap real Democrats and real progressives are falling into. But first we will provide a glimpse of our future discussions against the Barack Obama flim-flam stimulus bill.
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We believe that history is a teacher. We also believe that when analyzing policy we should look to first principles. We further believe that when analyzing a Barack Obama proposal we should look to first principles.
First Principles about Barack Obama and any Barack Obama proposal:
Obama simply cannot be trusted. Obama cannot be trusted on any issue. Obama cannot be trusted by his friends. Obama cannot be trusted by his enemies. Obama cannot be trusted.
This “Obama can’t be trusted” principle when ignored leads to traps. Many real Democrats and real progressives are falling into an Obama trap when discussing the flim-flam “stimulus” bill.
The Obama trap is to get us to argue and debate the details of his flim-flammery instead of focusing on the fact that the whole concept and execution is a flim-flam. Real Democrats and real progressives are falling into a trap when they object to the “shiny objects” such as the contraception sub-flim-flam for instance, and forget first principles.
The trap is prolonged discussion of the obvious failure of the Obama post-partisan nonsense as well as prolonged discussion of specific items in the Obam flim-flam “stimulus” bill. Obama wants to distract us with discussions of his meetings with Republicans and what the Republicans say or want and how the Republicans will or will not vote for the flim-flammery. Obama wants to distrct us with discussions of who is getting what – that is why Obama and his flim-flammers will have a website wherein a zipcode can be entered and all the money that zip code area will receive is detailed. Obama wants to shift the argument from the wisdom of the “stimulus” bill, to “what am I gonna get?”. It’s a flim-flam and we should not fall into the trap.
We’ll discuss the nuts and bolts problems with the Barack Obama flim-flam stimulus bill in days to come as the pivotal votes in the U.S. Senate approach. For now, there are certain economic first principles we are looking at.
We accept, as should all or most common sense Americans, that the proper response by government to recessions is cuts in interest rates, increased spending and possibly tax cuts. Interest rates are so low at the moment that they are irrelevant to the discussion. Tax cuts are a dubious tool. We are left with increased government spending as the logical tool to soften recession.
Notice, we wrote “soften” recession, not end recession. Recessions are part of the economic cycle. Recessions are painful. But recessions are useful.
Recessions are part of the economic cycle. Our lives have cycles. Our lives are not always rosy. It is during the downturns in our lives that we learn. It is during the downturns in our lives that we resolve to do this or that, or never again do this or that. We learn the most during the downturns in our lives.
In the downturn phase of the economic cycle – recession – we also learn a great deal. We learn what economic practices we need and which economic practices we don’t need. In our personal economic lives, we learn what services we need as opposed to what services we want, as well as what products we need as opposed to what products we merely want. In downturns we re-learn that nutricious food we need, expensive chocolates we merely want.
During recessions therefore the economy discards companies and investments that are not profitable. Well run business which provide good products or services survive the economic downturns. These “creative destruction” principles of capitalism were described by Joseph Schumpeter.
As stated earlier, we will discuss recessions and “creative destruction” in future articles in opposition to the Barack Obama flim-flam stimulus bill. We’ll discuss Alice Rivlin. We’ll discuss the first principles danger of inflation when trillions of dollars are dumped into an economy. We’ll discuss the weakened dollar if the flim-flam stimulus bill passes.
Today, we want to discuss the emerging coalition and a big victory which was achieved but rarely discussed because too many are falling into the Obama -focus on the shiny object – trap.
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The Barack Obama flim-flam “stimulus” bill will get the first of several key votes tonight in the House of Representatives. The Barack Obama flim-flam “stimulus” bill will get a vote because House Dimocrats have dumped “pay as you go” rules for spending. But there is a big victory on the pay-as-you-go economic responsibility doctrine which will in future impair Barack Obama’s flim-flams and hare-brained schemes:
House Democrats won a key procedural vote Tuesday on the stimulus after a last-minute promise from the Obama administration to return to “pay-as-you-go” budget rules after the stimulus is approved.
In a 224-199 vote, the House approved a resolution allowing the stimulus bill to come to the floor for debate. Twenty-seven Democrats – 24 of them members of the conservative Blue Dog Coalition – bucked their leadership and voted against the measure.
The vote of 224-199 is impressive. Remember that other number – 270-155 (we wrote about it HERE)? That was the vote total when the House rejected the Obama TARP crap. We wrote at the time: Consider: the bailout bill was the #1 priority of Barack Obama and Obama lobbied relentlessly for the money and yet the House of Representatives with all those newly elected Democrats overwhelmingly told Obama to shove… er… off.
The latest vote of 224-199 is yet another big slap at Obama’s face from the House of Representatives and foreshadows future victory for the emerging NObama coalition:
But according to Democratic leadership sources, the number was almost much higher – and could have been high enough to hand the Republicans a monumental victory – had it not been for a letter from President Obama’s budget director Peter Orszag.
The letter addressed to House Appropriations Committee Chairman David promised to return to “pay-as-you-go budgeting,” and stressed that the stimulus was an “extraordinary response to an extraordinary process” and thus subject to different rules. [snip]
“Moving forward, we need to return to the fiscal responsibility and pay-as-you-go budgeting that we had in the 1990’s for all non-emergency measures,” Orszag continued. “The President and his economic team look forward to working with the Congress to develop budget enforcement rules that are based on the tools that helped create the surpluses of a decade ago.
Watch out emerging NObama coalition: Obama will promise to return to pay-as-you-go budgeting but his caveat is “for all non-emergency measures”. The Obama flim-flam will be to declare everything an emergency measure.
The Obama letter is a flim-flam but nevertheless a major victory for the Emerging NObama Coalition.
Though addressed to Obey, Democratic sources said copies of the letter were distributed in a last minute flurry to Blue Dogs, many of whom were already on the floor and ready to cast their votes. The centrist group already was ruffled by the fact the package included far more spending than Obama had called for, and were prepared to vote as a block against the resolution, Democratic sources said.
If eight more of the 52-member Blue Dogs had voted against the resolution, it would have been defeated, ending any hope that Democratic leaders had of passing – or even finishing debate on – the stimulus bill this week.
Blue Dog Co-Chair Charlie Melancon (D-La.) said sweet words but Barack Obama has to know that Melancon and others are aware of his flim-flammery.
“In his letter, Dr. Orszag’s reference to restoring the pay-as-you-go requirements we had in place in the 1990’s is a clear and direct signal that President Obama is willing to make the tough decisions necessary to put our country back on a path to fiscal responsibility,” Melancon said after voting for the resolution. “After years of reckless deficit spending, the members of the Blue Dog Coalition are very encouraged to see that our new administration is serious about bringing responsibility and accountability to the federal government.” [snip]
Many of them were weighing their consciences against a pledge they had received from Obama and their leaders in the House to enact statutory pay-go in the coming weeks and work toward a tangible entitlement and long-term spending and budgeting reform proposal.
But many, too, were aghast at some of the spending proposals that were added during House committee markups, including language to fund a re-sodding of the National Mall.
The emerging coalition against Barack Obama’s flim-flam stimulus bill must not get distracted. Real Democrats and real progressives must not get distracted.
Obama wants to get us all fighting against each other: ‘State X is getting more than State Z. This proposal is getting cut and that proposal is getting added – that’s not fair.” We will avoid these distractions.
The Barack Obama flim-flam “stimulus” bill is not an economic bill but rather a political bill designed to prevent Dimocratic election losses in 2010 – at the cost of huge yearly deficits, massive inflation, and a looting of the economy for Obama friends and donors.
The Barack Obama flim-flam “stimulus” bill is a make work bill, not a jobs bill.
The Barack Obama flim-flam “stimulus” bill has a strong possibility of passing but there is a slight chance to defeat it.
The defeat of the Barack Obama flim-flam “stimulus” bill will benefit the United States and weaken the flim-flam politics of Barack Obama.
The fight continues.