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  • Morning Bell: The Pelosi-Obama-Reid Trillion Dollar Debt Plan

    Last Friday we warned you about some family planning provisions tucked away in the House stimulus bill.  Some conservative lawmakers then took up the issue on the Sunday shows, and the provisions quickly became a symbol of how completely unrelated to “economic stimulus” the House bill really is.  Being the savvy political operator he is, President Barack Obama has now instructed House Democrats to remove that one provision. But, like much of Obama’s presidency so far, this was a completely symbolic move.  The family planning provisions are just one small loophole inside of a massive new permanent expansion of socialized medicine. Don’t believe us? Here is how the New York Times reports (not editorializes, hard news reports) on the bill:

    The stimulus bill working its way through Congress is not just a package of spending increases and tax cuts intended to jolt the nation out of recession. For Democrats, it is also a tool for rewriting the social contract with the poor, the uninsured and the unemployed, in ways they have long yearned to do.

    As Congress rushes to inject cash into a listless economy, it is setting aside many of the restraints that have checked new domestic spending for more than a decade.

    The economic stimulus bill prevents states from enforcing a means test. … Republicans said this proposal would take a big step toward federalizing Medicaid. For their part, Democrats said the changes took a major step toward their goal of coverage for all Americans.

    This is why long time advocates for socialized medicine, like Ways and Means health subcommittee chair Pete Stark (D-CA), have been telling reporters not to expect any other health care legislation this year. This “stimulus” bill is the left’s major down payment for socialized medicine. By making everyone eligible, the bill makes government health care the default option for the unemployed. Coupled with their SCHIP legislation that makes three-fourths of all American children eligible for Medicaid, this stimulus bill is designed to maximize the pushing of Americans off their current private coverage and into government run health care.

    The left’s power grab does not end with health care. As we noted last week, and the New York Times reports today, the bill will “profoundly change the federal government’s role in education, which has traditionally been the responsibility of state and local government.” The NYT continues: “The proposed emergency expenditures on nearly every realm of education … would amount to the largest increase in federal aid since Washington began to spend significantly on education after World War II.”

    And we haven’t even got to the Christmas tree like wish list of other long sought after leftist spending priorities, which include: $1 billion for Amtrak, $2 billion for child-care subsidies; $50 million for the National Endowment of the Arts; $400 million for global warming research; $2.4 billion for clean coal; $650 million for even more digital TV conversion coupons; $600 million for new government cars; $7 billion for modernizing federal buildings; $150 million for the Smithsonian; and $54 billion for Economic Development Office and Small Business Administration programs that the OMB or GAO have already analyzed to be “ineffective.”

    All of this deficit spending has a cost. And the Congressional Budget Office confirmed yesterday that the cost of servicing the mountains of new debt of all this government expansion pushes the total price tag of just the existing House spending plans (before a single cent of Senate waste is added) to over $1 trillion dollars. In a letter to Rep. Paul Ryan (R-WI) CBO director Doug Elmendorf writes: “CBO estimates that the government’s interest costs would increase by $0.7 billion in fiscal year 2009 and by a total of $347 billion over the 2009- 2019 period.” In other words, the Pelosi-Obama-Reid Debt Plan already weighs in at $1.172 trillion.

    President Obama reportedly told Republicans yesterday, “I would love to not have to spend this money.” Every American is free to take Obama’s words at face value.  Or you could believe the President’s Chief of Staff Rahm Emanuel. Commenting on the left’s governing plans this November, he said: “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” Exactly.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    87 Responses to Morning Bell: The Pelosi-Obama-Reid Trillion Dollar Debt Plan

    1. Marilynn Lynn says:

      If these stimulus packages go thru, we will be forever in debt and we will lose any hope for our country and DEMOCRACy. Obama was never veted and the news media were the ones who elected this president. God Bless America and with the help of the HERITAGE fOUNDATION and conservative radio we will know trust and truth.

    2. LEL, White Bear Lake says:

      The system of checks and balances has been compromised. Shameless liberal spending unbridled.

      "We won." ~ Obama

      "No apology" ~ Pelosi

      "You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before." ~ Rahm Emanuel

    3. Larry Gilbert, Hous says:

      What can I do to help stop this outrageous wasteful spending?

    4. Stace Triebwasser, N says:

      Don't forget about the 4 billion dollars tagged for ACORN!!!

    5. jason thomas, columb says:

      keep up the good work! If the mainstream liberal media wont report our slippery slide toward Socialism then its up to the true stewards of Liberty to do so, namely, free patriotic Americans!

    6. Ozzy6900, CT (The Bl says:

      This "stimulous" is going to cost all of us roughly $6k! Mind you, this is over and above the taxes that we are presently paying. So the end result is a tax increase! See, the Left does it again!

    7. Paula Danielsen, Eas says:

      Well, "economic stimulus" it is definitely not. Its an excuse to spend (money we don't have, if the deficit is any indicator) money wholesale. We don't need to give millions to the arts, or help folks watch tv, or to fund govt offices that have already been deemed ineffective by the govt's own watchdogs. I don't hink we should bailout the auto makers either. they should file for chapter 11 bankruptcy and fix things just like the major airlines did who file, just like trump did with his hotels and such. It should not be an excuse to fund Obama's private pet projects either…The US does not need a bigger deficit. Another reason why I did not vote for Obama.

    8. sliver43 WI says:

      You are correct Marilynn, we are headed in the wrong direction and myself like most people I know and others I don't, agree with the premise that we need a massive revolution to turn this country around before it's too late. The White House needs to be cleaned out down to the mice and rats that are running around that place, the 4 and 2 legged.

    9. Jim Mehlenbeck, Anah says:

      This whole mess is so out of control that I truely doubt that it can ever be corrected. Both parties are at fault for letting this happen.

      Americans cannot, at this point, believe anything that comes out of Washington.

    10. frankz, brewster, ny says:

      Let's lower the social securtiy rate to 5%, remove the ceiling so you pay on all earned income; give all wage earners with over $5000 of earned income a $500 tax credit on this years tax return; allow all medical costs over $200 to be deducted on tax returns; and allow all unemployed workers medicare insurance coverage until they are employed. The timing is right at this time without alot of additional costs to administer. I do not believe the nation needs a stimulus package; we've spent our way into this mess but the govt/businesses are as much to blame. AND we should put a freeze on mergers/acquisitions for at least a year.

    11. Max Fetty, Baton Rou says:

      Well Folks get ready, buckle up…All aboard the Pelosi Reid Railroad, it's gonna be a long and bumpy ride into the badlands.

    12. Dave Kipp, Wausauke, says:

      I'm certainly glad to see Mr. Obama eliminated the family planning provisions of this pork barrel legislation. That should be a down payment for eliminating the rest of the socialist bacon in the bill. As a local school board member who has spent countless hours on our annual budget, I can say from experience that a major problem we face is the local tax burden for unfunded or underfunded State and Federal mandates. Our district is small and rural and the cost for our special education program (mandated) is over fifteen percent of our budget but yet receives just over a third of its funding from Federal and State sources. I am not suggesting that special education is not important, but that it is just one more tax burden placed on the backs of many who cannot afford the cost.

    13. Betty Huyssoon- Fl says:

      No. 1…Obama is reading the same instruction book as Chavez(Vzla) and Fidel/Raul, only he is going faster. He is riding on the wave of the Messiah realm. There is obviously a higher level of authority behind Obama and you all probably know who or what it is.

      No. 2… Your standing in the conservative-Republican-AND MORE- PROUD TO BE AMERICAN-behooves you to form a community of non-profit organizations who are ALL ASKING FOR MONEY TO GO ON WORKING- but you are all working in parallelisms which is a NO NO in these cases. We must form our own "Acorn" community working on basis priority grounds, in basics, to try to stagnate the effects of this giant octopus whose tentacles have effectively stretch out devouring all that come in contact. The American People need community effort, community action, and we must have close contact, organized, that can work together in the event that we have no phone, no cels, no (spare this thought) internet, to communicate. We must prepare and learn and organize. It is wonderful and important that you inform us. BUT MANY OF US DON'T HAVE THE FINANCIAL FACILITY TO HELP YOU. I HAVE WORKED IN SLUMS FOR 15-20 YRS, AND KNOW WHAT COMMUNICATION AND GUIDANCE CAN MEAN TO PEOPLE IN ALL ASPECTS OF THEIR LIVES. PLEASE DO SOMETHING. DON'T WASTE TIME. I AM STILL WELL ENOUGH TO BE A VOLUNTEER. AND I LOVE MY COUNTRY (AFTER GOD AND MY FAMILY). PLEASE HELP US! WE ARE NOT GETTING THE MESSAGE. AND WE NEED TO PROTECT OURSELVES BY KNOWLEDGE OF THE TRUTH! I certainly appreciate your reading. And thank you for the privilege of permitting me to write these words. (I don't think God will mind my writing them)

      I am proactive…and there are obviously several ways to reach one goal. Bless you for your truth. (PS. Did you hear of the program in Israel, lauding Rush for his work and support?)

      Betty Huyssoon

    14. Mark Y. Durango,Co says:

      Jimmy Carter said President Obama is doing great. What does that tell you? Obama's policies are merely political moves, to appease the radical left. The media and liberal poiticians are the only people that agree with this RADICAL SOCIALIST STIMULUS PACKAGE. Not one economist,the Cogressional Budget Office nor anyone I have spoken to,liberal or conservative, believe this massive deficit spending program will positively affect our economy

    15. David Barth, Jupiter says:

      And the new head of the NY Fed, Dudley, is also from Goldman Sachs. As the NY Fed. monitors and regulates Wall Street, badly I may add see derivatives, Dudley once again brings Goldman Sachs into the puller of regulatory strings. They now own the Treasury, Fed., Congress and the Administration. In other words, we are governed by Goldman Sachs, the biggest robber barons in the World and they not only run the U.S. but regulate it as well. Feel secure and confident in Free Enterprise and Free Markets? Not I as history tells the story.

    16. Mark Y. Durango,Co says:

      Jimmy Carter said President Obama is doing great. What does that tell you? Obama's policies are mere political moves to appease the radical left, that's pulling his strings. The American people, The CBO and every economist believe that this massive deficit spending package will not help our economy. Only the media and liberal polititians are backing this mess. We must Make our voices be heard.

    17. LVKen7@Gmail.com - says:

      Heritage Foundation Comments- Revisited

      Send me YOUR Take on this

      I started this GDoc

      because it just doesn't seem RIGHT

      that People Write and Nobody reads it.

      THANKS TO THE HF for starting a discussion.

      Hopefully, we can keep it going.


      KJ = LVKen7@Gmail.com

    18. enough, atlantic cit says:

      I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

      The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

      Time for me to close up shop and move out of this country.

    19. Gary, Virginia says:

      Give a man fish and eats for a day. Teach a man to fish and he eats for a lifetime. The democrates are giving out fish. This will not stimualte, but instead will disincentivize the "kept" population to be productive. Why work when the Government will provide. This will also generate a captive support base for the democrats in the population sheep who will fall in line to vote for those who provide the welfare handouts. The result will be a revitalization of the "entitlement mentality" that we worked so hard to eliminate in the 80's.

    20. Mark Y. Durango,Co says:

      Jimmy Carter said Obama is doing great.Obama's policies political moves to appease the radical left, the ones that are pulling his strings. The CBO,econonists and everyone i've talked to believe the Socialist Stimulus Package will only hurt the economy. There is no evidence that government spending erer has helped any ecomomy.

    21. Mary, Wisconsin. USA says:

      Wake up America. Our liberty is at stake. The kids in school now will be paying for this debt for the rest of their lives. The government is striving to control everything and everyone. With the health care plan, if you don't need surgery, expensive treatment, or fast action to save your life, this may be okay. If you are high risk, old, obese, or if that premature baby is high risk, this plan has other use for that money, after all, all of the illegals will be covered too.

      Government should give an income tax break for 3 months (no income tax)and maybe people will buy/put money back into the economy.

    22. Rita, Michigan says:

      How can we, grass-roots Americans stop this insanity? Pushing re-dial for hours & leaving messages in Washington doesn't seem to help. Editorials, letters, even conservative media doesn't seem to be making a difference. Washington is more deaf than ever now to any sound reason. Obama, the Democrats, the Liberals are moving to control every aspect of our lives, using our money. I am praying that God will raise up a leader of principle that will grab the hearts of people and politicians to face the truth and be changed by it. The Republican Party must: RETURN to its founding principles as written in our Constitution; ARISE from its certain death; and RECLAIM the Congress and White House – Thoughts that came to me yesterday as I was praying for our nation

    23. Kent, Virginia says:

      The Liberal Fascists are now in control. I define Liberal Fascism as a religion of the state. Jonah Goldberg has written a fine book on the topic. In his introduction he states: "it views everything as political and holds that action by the state is justified to achieve the common good. It takes responsibility for all aspects of life, including our health and well-being, and seeks to impose uniformity of thought and action, whether by force or thought regulation and social pressure. Everything, including the economy and religion, must be aligned with its objectives."

      We are seeing Liberal Fascism in action today. The fawning media are providing the "thought regulation." These people are not interested in HELPING America, they want to shape it to their totalitarian views while enlarging government to broaden their base of power.

      We should have insisted on term limits at all levels of government years ago. Now these professional politicians, these priests of a new faith, will never agree to limit their power.

    24. Joann Ashton . Brent says:

      I know that the Conservative Party feels that if we are pushed hard enough, by Obama, his agenda and signed legislations, that we will finally push back and stand up for Conservative and Religious Rights. I do not believe this will happen because we have been pushed to the point that we have no rights to fight back with and the Supreme Court is not upholding the Constitution as they took and oath to do for our country.

      I feel helpless and I hear this helplessness in my fellow Conservative Republican friends across the U.S.A.

      We The People, have lost our rights and all we do is talk talk talk about it, but nothing is done to stop it. We let them take God out of our schools, we let them take the Planned Parenthood agenda into our schools and they teach our children about Global Warming by having the Al Gores movie shown in the classroom.

      We let them tax us and we keep taking it – we keep letting them do it. We let them demean our military and our morals and our country. What has happened to the Conservative movement in this country? Are we cowards? Are we afraid to ban together and take the time to save our country from this ridicule we are enduring? When did we start to adhere to Political Correctness, out of fear of being critisized and shamed by these leftists and socialists?

      Why have we not approached the GOP and asked them why they do not give us a strong candidate who is honest and will speak for us? why do we let them force their choice of a candidate upon us? Why do they keep moving our party to the left to appease the center, in order to hopefully win votes? Why do they disgust us and treat us as if we are too ignorant to know what we want?

      If we can't trust our own party to fight for us – what do we have left to fight for? Year after year we watch everything our ancestors fought for, for us, being taken away from us, little by little – morals, Christianity, pride, strength, integrity, education, freedoms of speech and all that our history has stood for. They are dumbing us down to the level of the ignorant in order to try to win elections. Who picks the head of the GOP? why can't we choose our own leader to lead our GOP ???

      We need to fight – we need to stand up for who we are – not what the media wants us to be – not what other countries are trying to shame us into being – to weaken our country. We let the Democrats take and take and take and change and change and change and we just say "OH WELL" and look the other way like Ostriches with our heads stuck in the sand. Why???? Why do we not stand up and YELL and SCREAM and FIGHT? Why are we letting these bullies push us around as they laugh at us?

      I call upon the Heritage Foundation to FIGHT. We who are Christians should not have to be made into unwilling sinners, paying our tax money to pay for abortrions or steralizations in China, or partial birth killings of babies. This is unconstitutional and against my religion. So do I just refuse to pay taxes or do we all refuse to pay taxes. Do we throw our own Boston Tea Party – what do we do??? When are we going to rise up and put a stop to this by uniting? When do we go to the Supreme Court and confront them with issues they seem to over-look for some while punishing others? Where is Obama's "vault" birth certificate and why are we being denied our rights as Citizens to see this birth certificate – through the Suprememe Court? Do we see this birth certificate or do we withhold taxes until he shows us he is worthy of being called President?

      Why has the Heritage Foundation NOT brought this before Congress? If you are truely fighting for our cause – why are you truely avoiding FIGHTING in a strong manner to get our issues through to them? We are many – we are ready – pull us together – give us an agenda to fight back with and push back with and not just with words, but with actions. Shall we revolt? How? When?

      I am angry – we are angry – we are tired of being pushed around. We want action – we want to see something actually done instead of talking issues to death. We need 2000 Rush Limbaughs fighting for us – we need him to physically lead us to Washington and we need to march into Obama's office and confront Pelosi and Reid and Obama – the Congress and Senate.

      President Lincoln had an open door policy – let's see if Obama really is a second Lincoln, as he calls himself. After all – he was hired by the Americans to serve us but it seems we are being made to serve him and this is against the Constitution as is a bailout, as is Hillary Clinton being Sec of State. You can check all of these issues ut for yourselves if you doubt I know what I am talking about.

      I am tired of politics , as usual. I have 3 adopted children and irt sickens me to see what they hear and are taught in the public school system. they attend a 4 year old high school in CA that has state of the art big screen televisions in every classroom that are never used. On Inaugeration day every television in that school and in schools across the nation, were turned on to watch Obama take his oath – oblivious to the cost of electricty used or the fact that it was replayed for 2 days by the media – because they told the students "today history is being made." My 14 year old son told his teachers, "History is made every day."

      Yes, we are forced by the government to turn our children and their minds and souls over to teachers and professors in our education system here in America that think there is nothing wrong with a Bill Ayers speaking to them, or the head of Iran speaking to them. We seem to have no rights as humans anymore. We have become their workers, paying for their agendas with our hard earned money and no accountability on their part, to us, as to how it is spent. We have become ants.

      Is this really America? Is this really freedom?

    25. ella quinn kinsto says:

      i agree with joann ashton.she said everything we all are thinking and know.i am ready to do my part to help the american people. i am tired of the far left and the obama adminstration.we need for the heritage foundation to help us. people like rush, sean hannity are great voices for us. they cannot do it all.we need to start talking to the people we know who didnot vote and encourage them to vote and vote for the right person.mitt romney would be good if he will run again.i found out a lot of people i know did not vote.i am talking to them now.pray every day.donot give up.their is hope.

    26. Jean, Chandler Arizo says:

      We know it's going to get worse…what can each and every one of us do TODAY to stop this? I hear alot of complaining but no solutions. Do we contact our Congressman/woman? (Thank God we have Jon Kyl) Do we stop paying our taxes? (like someone we all know did. I'd like to know exactly what we can do and then let's start doing it!!

    27. Lisa Kelly-Scott, Jacksonville, FL. says:

      The only thing I hear in this “stimulate a Democrat” package that I KNOW, as a pro musician/educator, is money for the Arts. But money for ACORN, with its history voter fraud & years owed in back taxes (is this payback for helping get Obama elected)? I say “NO!” And money for the U.N. computer generated, Al Gore profiting lie of Global Warming? Also “NO!” I have so much data on the TRUTH of this made up, unproven “what if.” Just look out your window! How arrogant to think we humans can control climate. Be good stewards of the Earth, but she will ebb & flow as she will naturally. PLEASE tell the public the truth of the GW lie & expose ACORN-remind everyone, including & ESPECIALLY WASHINGTON!

    28. Phillip Tapp says:

      As Conservative Republicans we are obligated to distance ourselves from this very damaging legislation.

    29. Dennis Logan, Round Rock, Texas says:

      Ladies and Gentlemen,

      Here is LIBERAL FASCISM.


    30. john, MI says:

      Couldn't we add Kennedy to the end, so it is the Pelosi-Obama-Reid-Kennedy bill, aka PORK?

    31. Mark Y. Durango,Co says:

      JImmy Carter said President Obama is doing great. What does that tell you? The CBO, economists, wall street and the Amercan people do not agree with this massive deficit pending package. It will do only harm to our economy, increase our debt and the size and power of government.

    32. crev, las vegas neva says:

      The direct causes of the current economic crisis is being completely ignored by the Federal Government and the media, in general!. The first cause was overzealous real estate investors in a peak year (2004-2005)baby boom buying market, taking advantage of the hot market and driving prices beyond their real value, bouncing backwards after hitting the "lid", and causing a collapse (deflation) in R E values and a loss of jobs in that market, including support industry like mortgages, underwriting, etc. This caused a slowdown and minor collapse in other "support" markets, i .e. people not buying new cars, furniture, home theater, landscaping, etc, because revenue was down, or their incomes dropped off, and could not longer afford buying these things.

      But the Second cause was directly the result of bad government policy and intervention into the Real Estate Market, I hold personally Chris Dodd and Barney Frank, Democrat policies and laws (beginning with Carter and ending with Clinton) as well as the entire Senate Banking and Finance committee for forcing banks to make bad mortgage loans to people who would never be able to honor them, and the FACT that the Democrats looted Fannie Mae and Freddie Mac for their own personal and political purposes. DIRTY ROTTEN CRIMINAL SCUM, everyone of them! They enrich themselves while they LOOT US !!!!!

      Now the economy is in a tail spin, directly caused by the Federal Gummint, and they have the audacity to tell us that they are "our only hope". This will fail miserably. Businesses and going to evaporate (they already have) even more so, and when the private sector is done shrinking and losing wealth, just whom will the government LOOT for it's tax purposes? Just where will the Federal Government get it's revenue? What will support the Federal Reserve Bank in "allowing" us to print more worthless dollars, backed by now worthless mortgages, and the ability of the Federal Government to tax it's own people?

      This is without even considering the current economic cycle that we've just entered into. HSDent.com has projected a coming depression, beginning with the retiring of the Baby Boom Generation around 2010. Since abortion and "alternative" lifestyles, not to mention Environmental lunacies like Zero Population Growth, were so compelling over the last 40 years, we've failed to replace ourselves in our own economy. Less customers, less business, shrinking prosperity.

      Perhaps the answer lies in ;the chaos, Government will be forced to diminish itself, perhaps even collapsing. But not without causing great damage to the rest of us, at least in the near term. You can bet that the Harry-Nancy-Obama Show will continue to promote itself and it's "wisdom" while everything goes to hell. And a lack of industrial might means a lack of military might, we will be weakened at our own great peril.

      The only answer will be to eliminate taxes, regulations, and free the markets, eliminate the Federal Reserve (currency via debt) and start pumping and selling our own OIL and other resources globally. Look at the change in Russia in 12 years, they are oil rich, while our government (read: Democrats) are STUPID.

      Yes, folks, the parasite is finally killing it's host; what it fails to realize is that in doing so, it also kills itself.

    33. Kay, Michigan says:

      We are no longer a democracy. It seems since Obama “won” he has become a dictator. We could just as well be living under Chavez.

    34. PHD, Illinois says:

      We are utterly screwed. Unless the socialists can be thrown out of Congress, and then the White House, I truly believe that my grandchildren, and perhaps my children sooner, will be looking for another country to live in.

    35. Sara, New York says:

      I am so disappointed at the tone of the reporting in this issue of the Morning Bell. I subscribed to this e-mail alert because during the campaign I found the news analysis thoughtful and it provided a balanced view from the conservative side on the key issues facing all Americans. I am so sad to see the tone turn to “guilty before proven innocent” with underhanded comments about the new administration and jibes at our new President. Anybody who wants this administration to fail is an idiot for being against their own self-interest and that of our citizens. I sincerely hope your writers change back the tone, take the high road and stick to reporting information and avoid sensationalism and knee-jerk, pessimistic opinions which conservatives surely do not need any more of. Thanks.

    36. Peter Asher says:

      Unemployment is not a leading indicator; it does not appear at the beginning of a recession. Companies hold on to their employees in the early phase of a slowdown. Job loss is being touted as the measure of the recession but it is somewhat downstream in the destructive food chain. Not only that but it fails as an index of the quantitative degree of contraction as it does not account for the contraction that resulted in job loss for illegals!

      The new Washington Royals are bamboozling the ignorant sheeple into believing that re-establishing the lost job count will result in a re-invigorated economy but unemployment is a SYMPTOM of the disease of debt load. Even if the Government plan could restore the job count to its prior peak, the massive service of debt load that bled off consumer spending power will still be present.”

      Even then, the debt load factor is only part of the equation. The stock market crash is not just a loss of asset value; it represents a contraction of the spending derived from wealth transfer. Monetary velocity is a phenomenon of goods and services being delivered in return for money. Ergo, no commerce, no velocity; it is slowed down due to falling asset prices because those wishing to sell assets (savings) so as to become spenders reluctantly remain savers due to not wanting to trade the assets at a depressed value. So how much contraction are we now experiencing from this?

      More on this @ http://takeamericaforward.com/

    37. Mike, Missouri says:

      Where is the courage of the conservative legislative body? Where is the courage of the American conservative citizen? I suspect the only thing that will get the attention of the left is a knock down drag out fight. And since when do we use tax dollars to subsidize felonious behavior… as the membership of ACORN seems to fit that distinguished category. I do not know how effective calling and “YELLING” at my elected legislators will be, but I am in the process of doing so. Actions do count but as someone else eloquently put it “just bitching” is only therapy. What comes next… I wish I knew. This country is in a bad situation but this bill in my humble opinion will only make things worse… and worse we do not need. Oddly, the architects of this recovery seem to be the very persons that were very instrumental in causing it. OK I’ve vented, now I need to make a phone call.

    38. Tony, Australia says:

      Don't you people get it? Conservative policies created this mess. Expecting conservative policies to get you out is like saying "We've dug oursleves into a hole, pass me a different shovel and I'll try to dig us out."

      The world is in the grip of a financial crisi caused not by Obama, but by Bush.

      Deficit = Bush

      War = Bush

      Financial Collapse = Bush

      You cannot defend an indefnsible political ideology any longer. The Neo-conservative movement has been completely discredited.

      Game over.

    39. Pingback: Instapundit » Blog Archive » REBRANDING! A roundup on the The Pelosi-Obama-Reid Trillion Dollar Debt Plan….

    40. Rachel- Los Angeles says:

      I feel like the Marxists came into power inside a Trojan Horse called Obama. And they have now breeched Troy (America), and we are now under siege by the Marxists and their supporters (the media, the University system and Hollywood.) And we very well may not survive this.

      God help us.

    41. Rick Mobile Al says:

      the Stimulis package is only meant for the Democrats to gain complete control of Congress in 2010.

      They tell you up front it wont take effect till then just before the elections.

      Wow Pay to Play to the max.

    42. bill hunter nw ohio says:

      It's gonna be a long 4 years. Our only hope for any type of relief is the midterms. Right now we need to do whatever we can to try and minimize the damage. It's just amazing to me that so many people blindly followed what the media published. This man is going to lead this country down the road to ruin. He has all the elements in place to force all his agenda right down the throats of every American. Anybody else think about moving to Canada?

    43. ella quinn kinsto says:

      I disagree with tony the democrats controlled the congress the last 2years. They would not let bush do anything.They wanted the bailout as much as he did.Clinton started a lot of this in his adminstration.The far left is the cause for a lot of this.You wait and see if obama keeps us safe like bush did.He is a muslin, he does not care for our country.America will see what he is before to long.We already do the ones who are on the heritage foundation e.mail know who he is.

    44. Ted says:

      Obama says his "recovery plan will include UNPRECEDENTED measures that will allow the American people to hold [his] administration ACCOUNTABLE" yet Obama refuses to be held ACCOUNTABLE to the same American people for his UNPRECEDENTED refusal to show his actual birth certificate.

    45. Penny says:

      We need to understand the "grassroot" movement that needs to be developed. First and foremost is organization, networking and "boots on the ground". We are not going to get any help from the MSM. During the 2004 elections, local Republican groups were formed in most areas and events were posted on line for "get togethers" to discuss strategy and then take action. Who are the tech savy people who can step up and get things started? "We the People" need to get the word out and educate the public! If we can limit the amount of damage done by the current crooks in office, we may still have a country on the other side of this nightmare.

    46. river says:

      Who’s fooling who?
      Last year we were told worldwide recession is here.
      Worse than the Great Depression…no, wait – worse than the First World War aftermath. Naaah…worse than the 1890s.
      But don’t worry, the US government has enough money to bail us out.
      George Bush got the ball rolling with 300 billion dollars (the joke about the 3 Brazilian soldiers killed in action, comes to mind.)
      The number grows weekly.
      Today the Wall Street Journal says 900 billion will do it.
      Some of it for new lawns at the Washington, DC National Mall.
      (Perhaps the grassy knoll will get a few bucks allocated in a hastily drafted addendum. If the Abe Lincoln train ride can be re-enacted, a Dealey Plaza memorial drive-by cruise doesn’t sound too far-fetched. Just keep the book depository off limits.)
      Some of it for abortions in far away countries – see, if we control the birth rate, it’ll be good for the economy.
      Some of it for green energy – expensive, but green.
      Some of it for the health department to jack up its computers.
      600,000 new government jobs to manage the (at the last count) 900 billion dollars.
      The clever guys tell us we’ve got to spend ourselves out of the recession.
      But as far as I know, the all money that has been around before this mess,
      hasn’t disappeared off the face of the earth.
      So why don’t they tell the Wall Street dudes in the snazzy suits and $ 87,000 office rugs who took the money to spend it back into circulation.
      (Strange, however, that they don’t want the Illinois cronies to spend money on a Senate seat.)
      Towards the end of last week we were told Britain’s economy is dangling by a thread.
      Today Wal-Mart’s British side-kick, Asda, annouces 7000 new jobs in 14 new stores.
      Last weeks Britain’s banks were belly-up, today Lloyds is up by 40%.
      But at the same time the motorcar industry in Britain wants bail-out money.
      And to think that for one glimmering moment last year Gordon Brown thought that, although you think I’m a dull bugger, I’ll show you, I’ll get the world out of this mess.
      All these guys, writing and talking day after day – the economists, the pundits, the commentators, the financiers (whizz kid or no whizz kid), the politicians – they know nothing, zilch, nada.
      Never before in the field of human communication has so much bs been talked by so many…et cetera.
      You can’t fool us old geezers any more.

    47. Darvin Dowdy Hous says:

      the "only" thing that will stop this outrage? The GOP must win back either the House, the Senate or both in 2010.

      Not much is being done, however. The GOP Base wants warriors who will battle the "greenies" and the global warming hoaxters. Head-on! They want their elected reps to secure the border and enforce existing immigration laws. Punish employers who hire illegals. They want the attention of their elected reps. World opinion should be way, way down on the list of priorities. Our Nation and its Citizenry 1st!

      But what's the GOP doing? Compromising with the left. Moving in the opposite direction that the Base wants them to move in. But at least today the Congressional Republicans got it right. Bully for them. DD

    48. John Rosina, Bordent says:

      Boy are the conservative Republican's impatient. Hopefully, most of you have been around long enough to know that the pendulum swings to the right to the point of absurdity, then it corects and – you guessed it, swings to the left to the point of absurdity. We are correcting the failed economic poilicy started by the one time Democratic Union president of The Actors Guild, Ronald Reagan. Increasingly unfettered trickle down economics has brought us to the Bush/Cheney policy of leading by incompetent abstention.

      Simply put, the top 10% of wealthy Americans held 49% of this countries assets in 1976. Today they hold 77%. You have failed to rationalize an elitest global economy in a way that preserves the American economic superiority and sustains the American dream and ideal.

      Simply put #2. In the 1950's and 60's, when 33% of the nation was unionized, the middle class prospered and spent money in America. We were an industrial powerhouse that manufactured value added products. The Globalist's of America have no clue how to grow this economy now that they have shipped the vast majority of value added product overseas.

      I can assure you that Wall Street kite schemes of Mortgage backed securities and investment derivitatives and what ever other Madison Avenue type title you want to call that horse crap, is the founder of this current crisis. You are the developers of a spreading cancer like currencey and nothing more.

      Lastly, back in the 50's and 60's, when the demonized Unions were strong, we were not a debtor nation. I conclude that the only significant difference between Conservative Republican and Liberal Democrats is that one (Republican's) borrows and spends and the other

      (Democrats) has the fortitude to tax and ask that we pay as you go.

      Say hello to your children and grandchildren for me, and don't act so humbly, you are not that great, Heritage!

      Funny how one week into a new administration you have lain fault at President Obama while totally ignoring the fact that the Republican neo-cons hjave held sway for at least the last 8 years!

    49. MIchael Flournoy Abb says:

      From all reports, it seem as though this will get shoved down our throats, and once that happens, it seems there will be no way to reverse it. With ove half of the voting population being given something for free, or having their caprices indulged, the Democrats are setting up their re-election via "bribes". And given what Republicans have done the past few years, they are likely to turn more liberal just to try to get themselves elected for personal gain. Anyone left in power positions to lead an educational campaign and a turn around on this?

    50. Rudy, Holbrook, NY says:

      Tony in Australia – I hate to break it to you, butr George Bush is notm conservative – he is a Republican (there are many kinds of Republicans, John McCain said it – the GOP has a big tent). If Conservative tenets were followed, we would not be in the mess we're in. Republicans didn't listen to Ron Paul and thinkers like Thomas Sowell and Walter Williams – they fell for the democrat line of spend and spend – Bush was a guilty as Kennedy and Kerry in that regard. They were afraid to discipline themselves, and so the voters did it for them. I am convinced that had the Republicans stayed true to the precepts of Ronald Reagan and the 1994 Gingrich, they would still control the congress, and maybe even the White House. They showed by their spending that they didn't deserve our trust.

    51. Pingback: Everything We Own

    52. JJSMSL in vt says:

      to joann ashton in brentwood. AMEN!!!!! everyone should read her post! It is how I feel exactly as I am sure so many americans do.

    53. Judith from Detroit says:

      To Tony of Australia: You really don't know anything about America and the politics here, do you? Or economics for that matter. If you would take the time to investigate, you would find, to be simplistic, is that at the bottom of the pile of corrupt liberalism is the major cause of the fiscal crisis, namely the crash of the housing bubble created by the fraud committed by Fannie and Freddie, and the liberal policies demanding home loans be made to those unable to repay. And underneath this pile, you would find Democrats Chris Dodd and Barnie Frank. Both blocked all efforts by President Bush to investigate and halt this fiasco. There are many more Democrats also up to their eyeballs in this scandal, too many to mention here. It is all in the public records. Look it up. Who will you blame when our new administration creates more destruction with their ultra-liberal policies? Only returning to Conservative principles can possibly correct the damage being done. Do you know what that means? Look that up, too.

    54. Barb Ohio says:

      I feel like a voice in the desert to the people around me. I called everyone yesterday and handed them the phone number of their congressman. I desperately begged them to call and protest this socialist agenda. My God Obama didnt even have to plead for financing his political agenda. It's been handed to him wrapped up in our great grandchildrens lives. I could have possibly swallowed this bitter pill IF their was truly a stimulus involved. How does Acorn stimulate the econonmy? Oh right I forgot. It will ensure the dems maintaining controll of their seats through more fraud and corruption.

      I was at least proud to see the Republicans oppose it. However the news called it a partisan move.

      They all need cleaned out! OUT!OUT!

      Pelosi is the worst.

      What would happen if the 48 million people who voted against Obama united under Heritage or some other umbrella of hope, made a statement by donating $100 to fight this ilk. We could create our own "army". Instead of ACORN we'll call it U.N.I.C.O.R.N.

      We sell symbolic unicorns. We'll put them on our dashboard, bumpers, forheads. We tie purple ribbons around our trees. At least this way we make a united statement to each other.

      How about a purple flag with a unicorn on it?

      Why purple? Because the unicorn is only a symbol. The aphorism is really P.U.R.P.O.L.E. (PEOPLE UNITED R PATRIOTS opposed to LEFT EXTREMISM) or something like that. WE need an outlet. We need someone other than Rush who will fight! We need a voice!

    55. Tony Cosenza, Philad says:

      For those who read Rise and Fall of Roman Empire, as the Ceasars said give the rabble bread (stimulus checks, free health care etc. ) and Circus (TV converter vouchers/American Idol) and they will forego their liberty.

      This Administration scares me!

    56. Rhonda, Texas says:

      Man I'm already running out of money… I'm sure everyone else will as well…if you have no slaves to work for you Obama.. you won't have any money to spend…

      Quit on Obama… the day will come..

    57. Ted, Boston, MA says:

      OK, OK, OK, enough already, I can’t take any more hoaxes: First we have Al Gore’s global warming, next comes Obama being a constitutionally qualified President, followed by Obama’s stimulus plan, but now we have Robert Reich telling us why we need stronger unions. Are we heading for Saturday Night Live 24/7?

    58. pimpernel says:


      Patriots Uniting Resisting the Plaque of Liberal Extremism

      Purple ribbons anyone?

    59. Chuck, Nebraska says:

      I believe that any stimulus package of this magnitude should be mandated to be presented publicly by our President regardless of who is in office. The presentation should be required to be aired on all network stations to explain where and how the money would be spent. The explanation should be broken down and very specific as to where the designated money would be spent, the amount to be spent, what the money would be spent for and how spending this (our) money for the designation would stimulate the economy. Since it is going to cost the taxpayers, we should be informed up front by our President so we are all informed prior to any such spending taking place and it also may assist preventing any “pork” in a stimulus package.

    60. John, Colorado says:

      This recession will not lift until the Baby Boomer generation begins to die off in large numbers beginning around 2018 or so. As their estates are put into investment or spending, the economy will go back up. Harry Dent, Jr., was extremely accurate in his mid-90's predictions of the stock market peak in 1999, the recession beginning in 2001, its bottoming out around 2004, the climb to a peak in 2007, and its decline, now. His predictions were based on the demographics of capital. As the WWII generation passed in large numbers, this feuled the 90's stock market boom. As a downward notch in birth rates made its way to retirement and passing on, the supply of capital declined and the market went down. As a larger number of Americans born after this notch period reached retirement and passed on, the market went up to its 2007 peak.

      Nobody seems to be aware of his work and the accuracy of his mid-90's book.

      If there was a way of unlocking this Baby Boomer capital before death, and getting it into the economy early, the basic underlying recession problem would be short-lived.

      Now the Democrats are going to destroy the currency and destroy America's economic ability, probably as a part of trashing the Constitution and making a North American Union and a new currency.

    61. anthony gray brans says:

      on this new stiumiles bill,where is all this money coming from.are we not in debt already. I

      was told we will borrow the money from China if this is so, when we spend the money on China products how will that help us. thank you

    62. JUDY, (MISSOURI) says:

      I feel like everyone else, things are getting out of hand..we have no rights at all. The American people need to know if Obama is really a citizen or not…how do we get that information?

      I am getting not to like where i come from…where else would you move to. The whole world is out of control…

      I am so disappointed with our government…

    63. Robert Shomon, Las V says:

      I grew up during WWII. I will never forget the high level of faith, patriotism and unity of the American people during that time. Since then, our country has experienced an unparalled level of prosperity, primarily because we won that war. Today, there are many people in the U.S.A. who have never experienced the dedication and the terrible price that was paid by our brave people during that war in exchange for the freedoms and properity we have enjoyed since then. As a result, there are many in this country today, including those in our government, that have taken those freedoms and prosperity for granted. As a result, these inexperienced and "uninformed" people at all levels of our country's population, prosperity and power have no sense of patriotic pride in our country's principles. They are motivated only by how much wealth and power they can get for themselves, without regard for what is good for our country. Thus, we find ourselves in the unfortunate moral, cultural and economic condition that we face today. I do not recall who first said "Power corrupts, and absolute power corrupts absolutely", but I believe it is true. Maybe the cure for this unhealthy state of the union is for us to be "knocked flat" by the current universal corruption in our society before we realize the greatness and beauty of the good old U.S.A. and start to fight for it by peaceful and positive action. Learning beforehand about the people that we vote for in public service is one way to start.

    64. Jerry Porter, Freder says:

      Thank God for your efforts, ideas, and enthusiasm for true freedom. We are in a war of ideas. Radical leftist have taken over the Demo Party and factions of the Republican Party. Hold forth! For our nation's sake and that of our grandchildren's children. Common sense must prevail to maintain individual and collective freedom!

    65. Ron Thompson, Albque says:

      re:Tony (Australia)

      if you care to look at the time everything started going down hill, check the 2006 election when the Dems took over! also, notice that the two largest organization that started the "supposed/made up" crisis was Fannie Mae and Freddy Mac two democart sponsored companies. I feel the Dems deliberately sabotaged the economy and it wasn't supposed to go as bad as it has gone. now, they are throwing money at a situation and giving money to all their favorite programs. By looking at the list of receipant of the bailout it is obvious what the plan is, was and is going to be implemented.

      As far as the war, here we go with another person that doesn't look at facts surrounding the war. President Bush just didn't go to war without approval from the UN and the US congress!As for the economy it has put private industry to work. The people misleading the people is the Democrats with their media buddies! 2006 was the start of the planned economic collapse at was supposed to get a Democrat in front office. It worked but now,we have an pork laden stimulus package that does help the economy at all!

    66. Steve, Minnetonka MN says:

      Is my generation going to be the 1st in Americas 232 year history, to pass America onto the next generation in worse condition then it was born into?

      DOB 1956

    67. Idarae Stockton, CA says:

      Like they said "they won" but it is how they won that concerns me, and we didn't have a strong leader in the Republican ticket. Term limits should have been put in a long time ago. I have been hearing about "Internment camps"being prepared for ??? all around the country.

      I am a Christian and all of this has been in prophecy for a long time I have been following it. I believe God is angry at this country,"where much is given, much is expected" Look at all the "Christians?" that voted for this baby killer that may not even be an American Citizen. I shall trust in the Lord and not in man. He is my protection.

    68. Dawn, San Angelo, Te says:

      The way I see it is, we can either give up, or fight like hell! I personally am a fighter and will fight this administration and their socialistic policies to the end, and if that means they have to pry my 30-30 from my cold, dead hands, they will just have to do that! I will not let my Country go without a fight! I have children and grandchildren who deserve to live in the same wonderful country I have lived in and I intend to do whatever is in my power to see that they do. If I have to e-mail and call every Representative and Senator and the White House every day, I will. If I have to walk from house to house to register people to vote and drive them to the poll, I will. We all need to do what we can to save this country! NOW!

    69. James, Charlotte says:

      All this rhetoric about tax cuts, stimulus and shovel ready projects are silly.

      Tax Cuts- will not insure growth and it helps increase this enormous deficit we are arguing about.

      What is stimulus? It is billions of dollars going into the private sector as welfare to help them give themselves more millions of dollars in bonuses.

      The Left and Right is the problem we face. Both sides only hear their followers and shun the others with blame. Let's get real the rich is still rich and the poor is suffering in unprecedented numbers. If we on the right was the answer things wouldn't be in the manner it is today. Stop fighting the new and let them lead while we regroup. If we are complacent in political finger pointing things will never improve for America.

      Congratulations Mr. Steele on your new position as RNC Chairman.


    71. Dale, MO says:

      I am 69 years old and for the first time in my life I am afraid for my country. I cannot understand how our Senators and Congress cannot listen to us!



    73. Pingback: Expose The Media » Obama’s Stimulus: Not Enough To Do Much Stimulating

    74. David Podguski says:

      George you asked if anyone read the bill… at 625

      pages are you kidding………pelosi's coolaid

      drinkers just heard her say it's good for the country so they voted for it. end of discussion and screw the taxpayers.

    75. Marshall Hill-Michig says:

      Dale in MO is on the right track,these Politicians that we have now are not Servants of

      the People anymore,just themselves!Just talk to

      a few of These LIB Senators and you realize they

      are looking down on you,the Taxpayer!It is not surprising that these LIBS avoid Taxes that they

      have brought to us!

    76. Colleen Savannah, GA says:

      Look, what we are experiencing now is the direct result of 'election by media'. The dumbing down of America is complete. For those of us who did their research of the candidates we could see this day coming in the form of the "stimulus package". Obama was elected by the misinformed that take the word of the left wing news media as gospel. Our country's future is at a critical crossroads at this point in time, and if we don't make the effort to contact our representives to defeat this package our economy could spiral out of control. Although, I know we need a stimulus package it must be meticulously crafted by leading economists with the assistance of legislation to temporarily suspend mark to market and cut taxes on capital gains.

    77. Pingback: Arrogant Obama thinks he’s King | As The Geek Learns

    78. Mike, Hickory, NC says:

      While the Left's biggest and most willing newspaper cheering section, the New York Times, is evidently enough seen in the article above simultaneously trying to appear "critical of" yet cheer "At last! At last!" for Obama and Co's "Stimulus (Porkulus) Package" efforts and plans to thus simultaneously permanently entrench their Socialism and bury both current and subsequent generations under a mountain of deficit spending and debt for the things they want to do, what we have to realize is there aren't enough Republicans in Congress, much less Conservative Republicans in Congress, to stop them.

      In fact, that last fact helps expose the first two reasons why Obama, Reid, Pelosi, and their Comrades demagogue and pander as if "Republicans are standing in the way" and declare "Republicans must join us (give-in) in the spirit of (so-called) bi-partisanship to get this (Porkulus Package) done now", which are:

      1. Obama, Reid, Pelosi, and their Comrades know they don't need the Republicans in Congress to get their so-called "Stimulus Package" of a Pork-filled Socialist money and power-grab done, but they want Republicans to "sign on" with them because they know, by their own criteria, that their so-called “Stimulus Package" has, by it's contents and nature, practically nothing to do with things which actually stimulate our economy and practically everything to do with “Pork”, and is therefore of course bound to fail at truly stimulating our economy, and so of course they want Republicans to "sign-onto it” with them so that those Republicans can't escape blame when it does fail in any way and to any degree.

      2. Because they (Obama, Reid, Pelosi, and their Comrades) know that, every day which goes by, more and more people are finding out what a Pork package of a Socialist money and power-grab their so-called "Stimulus Package" really is by finding out what's actually in it, and the Socialist mountain of spending and debt doom it spells for both current and subsequent generations.

      So of course Obama, Reid, and Pelosi are counting on ignorance as they spew their demagoguing, pandering, and fear-mongering to "get it (their so-called Stimulus Package) done now", as exposed by when Pelosi says "Every day that we don’t get this done, 300 million more jobs are lost" (when the population of the entire U.S. is less than 300 million people), and by when Obama says "If this (Stimulus Package) isn't done now, American will never recover" when the fact is (at least perhaps until Obama, Reid, Pelosi, and their Comrades have worked their Socialist magic) our economic periods tend to be cyclical (meaning they tend to go in cycles of up and down), and so of course America will recover anyway.

      Alas, again, there aren't enough Republicans in Congress, much less Conservative Republicans in Congress, to stop the Democrat Socialists, and they know it, and their Comrades in academia, the media, and elsewhere, are doing everything they can to help them get away with what they want to do, and villainize anybody who dissents and tries to stop them.

    79. devanshi sharma says:

      good going Obama but take care that slow and steady wins the race.

    80. Kelly Rae, Fort Wort says:

      I seem to be at a complete loss at how this stimulus bill is being supported by only 37%, and it seems to be closer and closer to being finalized?

      There is so much wrong with this stimulus bill that it is hard to believe any congressman could approve it after reading the first five pages. Everywhere I go I keep hearing "entitelment" from people, and our new president seems to support the notion. Why should the government pay for everyone's health care? That just says to me that we will each be paying more so the people who are not, and never have worked can get something for free. I have worked through my own personal tragedies, and do not see that any one in this country should be entiteled to anything "free" from our tax and social security base. If I want to give to a charity and have them distribute the money, then it should be my choice. Same goes for the digital convertors-if I feel the need to watch television then I will convert my household to digital, not expect the government to hand it to me out of other's tax money.

      Why is the government still taking in refugees and financially taking care of them when there are still people from Katrina that are not in permanant housing? Nothing like taking care of others before taking care of our own!

      This stimulus bill is really the pipe dream of the socialist system that is taking over our country!

      Tell me how to be heard, because the e-mails and phone calls to representatives and senators seem to be falling on deaf ears.

    81. john copco, virginia says:

      May the Lord deliver us from Obama and leftist democrats. They are ruining this country and all that it stands for

    82. Chris, Miami, FL says:

      At least this money will be spent on AMERICA. Not on IRAQ. Not on ISRAEL. Certainly not on a war founded on a fathers thirst for revenge for a conflict he could not win.

      I am a former Republican and after the 8 years of absolute HORROR I experienced, I am very pleased with the CHANGE we are experiencing. Having to put President Bush in office AGAIN (could not find it in my heart to vote Kerry, as much as I wanted Bush out) is now a thing of the past now that Obama is here and we can get back to focus on the things PATRIOTIC AMERICANS desire:

      Freedom (From religious oppression governing our lives)

      Country (Our own, not Iraq or Israel or any other)

      Prosperity (Of all, not just those with silver spoons)

      Reading your comments shames me to have considered myself Republican… you have strayed far from your glory days my wise old elephant. Now you are a mockery for the greedy and corrupt. I leave you now with quotes from REPUBLICAN president Teddy Roosevelt, whom seems to share some ideals with some of us "dirty liberals".

      -Probably the greatest harm done by vast wealth is the harm that we of moderate means do ourselves when we let the vices of envy and hatred enter deep into our own natures. But there is another harm; and it is evident that we should try to do away with that. The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them, but it is duty bound to control them wherever the need of such control is shown.

      -We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.

      … and last but CERTAINLY not least:

      We grudge no man a fortune in civil life if it is honorably obtained and well used. It is not even enough that it should have been gained without doing damage to the community. We should permit it to be gained only so long as the gaining represents benefit to the community. … The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and … a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate.

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