Posted by
Mark1230 on Monday, December 08, 2008 1:12:44 AM
To paraphrase Senator Everett Dirksen…A trillion here and a trillion there – soon we’ll be talking about real money.
So far, we've pushed 6-10 trillion dollars towards bailing out (or, actually, buying) companies and stimulating the economy. So far, the economy shows no signs of being very “stimulated”.
Through it all, it’s been difficult to understand how a president who ran as a conservative could engage in such blatantly unsound monetary policy.
Well, I’ve been thinking about this for a while now, and I may have an answer.
Basically, one of the greatest long term threats our country faces, is the slow march towards socialism that we’ve been on for decades. Even when we have a Republican Congress, at best we get a one step forward, two steps back conservatism. The problem is made worse by the fact that our education and media institutions are solidly anti-conservative, and even the elites in business and the clergy have shown a remarkable degree of deference towards self destructive socialist ideas such as global warming policy.
So how do we get real conservatism to become rooted within the institutions and elites of this country?
Perhaps, a different approach than the one we’ve been doing, would be better.
Let’s consider what the consequences of throwing all this money around is going to do to our government. Right now we’ve thrown trillions at the banking industry and are jacking up our immediate public debt obligations into the 10s of trillions of dollars. We are looking deficit spending that will exceed that which occurred in WWII, but none of the spending is going towards productive uses. It’s just going to the banks to help keep them solvent.
At the same time, the economy is tanking and the money available for taxes is shrinking rapidly. No tax increase in the world is going to even begin to raise enough money to pay off these bills. It’s quite likely, that the result will be a bankrupt federal government. Bottom line: the government will have not choice but to radically trim it’s size and cut spending - something we conservatives have been praying for since the beginning of time.
Do you really think that an Obama administration is going to be able to rollout a trillion dollar economic stimulus program and provide health care for all? How can that be done when all of the available money is going go towards paying off trillions of dollars in debt?
So in other words, Bush, and certain Republicans in power may be thinking that the best way to kill socialism is to push it full-bore rather than continuing a futile fight against the gradual increase in social programs we’ve seen over the past 70 years or so. This way, socialism will kill the economy before people can get used to it, and thereby cause people to reject it, suddenly and utterly.
Of course, it’s a risky proposition, in that it could create an environment that seriously hurts the people and causes them to embrace even more dangerous and radical ideas. So, we’ll have to see how this plays out (and do a LOT of praying to God).
My suspicion is that an Obama administration will actually be forced to be more conservative that any administration since before the New Deal. Obama will be forced to cut the size of government, but he won’t be willing to go all the way and provide the necessary, brutal (on the government) tax cuts and deregulation that will truly stimulate a dead economy. So he’ll have to govern from the right, and get blamed for it by liberals, as well as get blamed for the consequences of not being conservative enough. In the meantime we the people get to actually see some real reduction in the size of government.
This will at least provide us conservatives with some relief in what may otherwise be some very difficult and unhappy times. However, at the end of the day, I think this is a very dangerous game to play, and I think that if this scenerio is true, it's all the more important for us conservatives to be more active than ever in promoting our values of fiscal responsiblity and limited goverment.